Experts: insatiable government spending and over-reliance on oil imports .. Factors have slowed the

Experts: insatiable government spending and over-reliance on oil imports .. Factors have slowed the recovery of the national economy




10-04-2013 10:38 AM

Baghdad (news) .. Ten years ago removed the regime of Saddam final, and no doubt that Iraq get rid of the dictator is unprecedented, but faced a lot of sharp turns, especially on the economic side, which is still below the level of ambition is not suitable for what is owned by the country's wealth and enormous potential.

According to experts in the economy, the size of simple economic growth due inadequate legislation and policies which curtailed the economy and lack of market openness significantly as well as the adoption of the national economy on the specific oil resources and neglecting the other.

The economist said Hassan al-Asadi (of the Agency news): The Iraqi economy has lived state of reaction, as a result of decisions is studied that made counterproductive, noting that the Iraqi state ballooned economically until it became state expenses take the bulk or perhaps up to 70% or 80% of the state budget, 'and this is serious indicators and unprecedented in economies that want to recover.'

He continued: that the Iraqi economy has suffered from blurred vision to configure clear economic footprint, and was supposed to be the Iraqi economy left node totalitarian centralized economy and begin to enter the world of free and open economy, but it did not happen on Monday.

Despite pessimistic economists future of the Iraqi economy, but that did not stop them from inviting the government and the head of the Central Bank of economic policy had to integrate the private sector to participate in the growth of the Iraqi economy, which has become kofta in the government sector.

Accordingly economist said Abdullah al-Jubouri (of the Agency news): under the current situation, there is no promise portend the development of the national economy, because the survival of relying on increased oil exports without development and without exploiting represent them, will not lead eventually to positive results tangible.

He added: They're experts claim always decision-makers and politicians to build visions and rely on specialists and take the Ministry of Planning an active role in shaping the policies of the al-plans that will be capable of supporting the Iraqi economy significantly.
He pointed out: that other crises are still ongoing in the economic sector, especially since the industrial and agricultural sectors have witnessed a significant deterioration, which calls for decision-makers to support these sectors so as to ensure their participation in supporting the economy.

It is noteworthy that many of the specialists often claim stakeholders to adopt a new style to accelerate the creation of infrastructure and building contracts post private and public sectors as a strategic option during the current stage an alternative method contract based, in order to overcome the problems of insufficient allocations government and address the lack of efficiency in the implementation of projects which largely reflected the growth of the country's economy. / end / 3. d. Q /


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