Proposals to address the financial crisis

Proposals to address the financial crisis

2/2/2016 

Abdul Hassan Shammari

there are quick fixes to be taken long-term solutions, we focused in our article first on agriculture and work on self-sufficiency in agricultural products and prevent the import and now focus on the private and public industrial sector, we now need to bold and difficult decision, a ban on imports of at least one year note Iraq is a very large stocks of imported materials, which is enough for three years and for the purpose reliance on domestic product and bring life cycle to laboratories and factories Iraqi and import only necessities and raw materials, and that the Iraqi industry cycle that provide goods and services within three months and will provide enormous business opportunities for all the unemployed and the poor will wage rises in the private sector is higher than public sector wages, and thus must take the decision to grant holidays voluntary half-pay to work in the private sector and this will help balance high by up to 30 percent of the current budget.

We must raise the slogan (whatever can be produced in Iraq, stop the import) and the second quick decisions should be abolished currency auction, which just became an official party to money laundering and smuggling of foreign currency leads to the collapse of the Iraqi economy.

Otherwise, how can Iraq's daily sales of oil to exceed $ 70 million and auction selling of 160-200 million dollars Where do we come by the difference of 90-130 million dollars this disaster will lead to a rapid breakdown economic development.

The third resolution is important to reduce the value of the Iraqi dinar, like the European Union and China to be able to pay salaries through currency sales teams, especially if it has reached the dollar to 2,000 dinars per dollar, and be transfers of hard currency through letter of credit for the elimination of financial corruption and administrative in the process of selling the currency and the provision of currency into real imports.

to take three resolutions above is responsible for halting the deterioration in the Iraqi economy and must be taken as soon as possible.

authorized promises the start that the industry is leading to reduction of import and availability of goods and services with high specifications to the citizen as was the Iraqi industry in the seventies and eighties and nineties of the last century to provide jobs and keep the Iraqi capital and reinvigorated the military industry will provide billions of dollars for Iraq, authorized industry is the essential foundation to rebuild Iraq economically, through Industry will develop the rest of the other sectors of the economy and we will provide through industry and agriculture at least $ 30 billion and will contribute to industry and agriculture Brphi budget by at least 25 percent of the resources.

from all this we conclude that we have to walk in the way of domestic production and rely on ourselves, like the neighboring countries where Iran and Turkey of the best examples of self-sufficiency in the domestic industry.

authorized reliance on the private industrial sector could energize General of the Iraqi economy, and we must raise the slogan of non-dependence on oil and to rely on the principle of local production to supplement the Iraqi budget funds, the Stop importing and benefit of hard currency in the age structures infrastructure, and work to build a state of production and no, state employees and create a paradigm shift in Iraqi public life and the reliance on the private industrial sector, especially small and medium industries and to work on the exploitation of natural resources and building strategic factories to supply the materials used in small and medium industries.

the most important detail to encourage public sector employees to move to the private sector is to give the private sector, according to the new labor law retired all Iraqis from the private sector repaid its financial obligations to the Iraqi state and thus secure his future.

Finally, you should work on activating the laws that serve the private sector - customs tariff - consumer protection law - product Protection Act domestic competition law and antitrust to support the private sector and return it to its normal position before the Gulf war, and the preservation of hard currency and build a healthy economy and discreet provides for the Iraqi budget large sums of money and achieve financial abundance for the Treasury an estimated $ 20 billion, and this added his taxes and fees that make up the amounts are not resources reckoned with Iraqi budget and the transfer of large numbers of staff to the private sector, in addition to the State's need to restructure the staff and the establishment of productive contracting companies and construction companies, military production and build a military industry to provide military supplies and police and these provide the Iraqi government $ 3.5 billion a year, and if we add them and other items of clothing and boots and armor rises amount to more than $ 6 billion, and this in turn will provide more than a million jobs and that we will achieve the quality of the Iraqi economy during the boom of the national industry and God save Iraq and economic resource to another.