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Development hampered by the large number of imports versus the weakness of production
9/19/2016 0:00
[rtl]BAGHDAD / Mustafa al - Hashimi is
seeking the government to achieve comprehensive development despite the presence of the challenges and the continuing war on «Daesh» is clear and the budget deficit, especially after the confusion caused by the drop in oil prices and a lack of vision to find effective solutions to enhance the financial realities in the country.
And playing a surplus of money in the oil countries including Iraq in guiding and drawing the economic policies of the country and to activate the productive sectors which greatly contribute to increasing the gross domestic product , including reducing the dependence on oil which is witnessing turbulent clearly even and smooth.
saw Mokhtassan economic affairs said the country 's economy embarrassed when you see «Daesh» who played a role a significant decline in oil prices in the global markets has led to the depletion of surplus funds and led to the stalled process of development.
academic economic Dr. Essam Mahouelle in an interview with «morning»: between the overall development of its conditions and requirements as it means that all the state 'sresources go to the economic construction, and are employing all human potential in the country towards achieving the big goal has several aspects , namely the stability that achieve development and progress. economic fundamentals and continued that Iraq at the present time finds many obstacles in front of him on his way to the desired development and overcome quickly is difficult under these conditions unless It is docked right economic foundations of activating the productive sectors and reform of the banking system altogether. With two simultaneous in Iraq are the war against terrorism and theother against the corruption that the latest negative impact on Iraq 's economy, and thecurrent stage requires steps to be taken to achieve economic development and toaddress changes in the balance of trade imbalances including the large number ofimports versus the weakness of production is causing a drain on financial resources. He Mahouelle that the Iraqi economy is still Rieia relies on oil sales, making it subject to fluctuations in world prices and the limits of the needs of the major countries for oil, saying previous governments have not succeeded in finding outlets for imports of non -oil and sustainably and fixed to the side of smashing the industrial base that existed before the year 2003 , shares of finding attrition methods of oil resources by making theIraqi market meet the needs of other countries with a lack of economic vision and proper planning which are making development. proposals for development and stressed theimportance of utilization of available natural resources and limiting borrowing the outer being entail economic burden will be heavy unless it is activating the productive sectors, indicating the need for sufficiency of existing resources , no matter how few, and therevitalization of some of the economic outlets and postpone the other for their name, and the reduction of imports to protect national industries , which will be activated selectively, and adjust the price and rigor in it . external borrowing and expressed Mahouelle hoped to completely stop external borrowing whatever his sources because it will burden the future of the coming generations and consider very seriously to alleviate physical burdens that plague the state and cost the budget millions of dollars that are at the origin of the people 's resources. for his part , said economic researcher Firas Amer: that Iraq since 2003 , he had resorted to borrowing unconditional, despite the lack of interest rate, from the international Monetary Fund several times for the purpose of financing Moisnath deficit and strengthen its resources to the demand side of the international Bank for reconstruction and construction contribute to Iraq 's infrastructure construction as well as international loans . Aamir called for the reduction of external dependence on theprovision of financial resources, either through the IMF and World Bank loans tointernational Awalkarod and international grants, because it will contribute directly or indirectly to absorb the material and human resources, stressing the importance ofrelying on its own resources and planning for optimal utilization in order to achieve thesupreme interest of the country 's economy. He noted that the country has theingredients of development and resources , which qualify him to be self - sufficient country of almost everything, explaining that the conditions experienced by the country contributed significantly to the decline exploitation of these resources and using them for the benefit of the economy.[/rtl]
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