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The phenomenon of the recession caused by the financial and administrative corruption
24/12/2016 0:00
[rtl]Ali Hassan al - Fawwaz
subject of a recession in the Iraqi market now needs a serious review, including processors linked to the revitalization of the official fiscal policy, and through theprocedures concerning the control of public spending, along with a review ofindiscriminate import file, and the restructuring of labor system in the official institutions, and to reconsider the policies of the employees ' salaries deducted and retirees.
Photos of this recession has become more present in the scenes of the Iraqi market Diary, particularly in buying and selling and trading currency operations, where many Mansama phrase (rigid market) and to retain liquidity safer, down to refrain from the citizens ' savings banking, for fear of non - payment of the banks for benefits financial, as well as the apparent increase in pumping dollars into the local market, and Menzkh reflections on the high prices of a lot of needs.
The phenomenon of the economic downturn means , in essence , a crisis, and the presence of an incubator for amplified environment, regardless of the political and security authorities to this crisis, poor economic file management, and the inability to cope with financial and administrative corruption is moving the compressor on the widespread recession, compared to the weakness of the potential face in the contexts banking, and reconsider topics indiscriminate import, and the absence of any strategy to revitalize the commercial, agricultural and industrial sectors.
Unilateral economy has
become very clear that the rentier economies are most affected by the economic crisis, the most in preparation for an outbreak of the phenomena of the recession and the decline in the performance of their markets, and in national budgets, which Mangda evident in the nature of the policies taken by the government after a significant decline in oil prices , which, as it became clear the deficit in the budget, and were affected with the market and the exchange and import, and crashes a lot of projects and programs, as well as the adoption of austerity measures, including reducing public expenditure, and the reluctance to support strategic projects including health and public services projects, and delayed payment of salaries, reducing the investment budget.
The bet on the economics of oil means a bet on the rationalization of the crisis, oil is part of the market, and there is no there are fixed rules of market control, as it was subjected to the policy, and the conflicts of the International, but the interests of the states, is therefore
necessary to search for realistic treatments of Iraq 's economic problems in general, and in particular the problem of recession widening fester amid crises complex frequently Matneks repercussions on the economic reality, and the mechanics of distribution of national wealth in the vocabulary of the budget, which Mabda clear during the heated debates about the budget year 2017.
the confidence in the future is important for the face - oil economy crisis, which Maystdei a range of measures pertaining to spur economies neighboring private sectors such as in multiple episodes, and the development of non - oil resources, and create a deterrent legal mechanisms for wasting national wealth, and control of the complex phenomenon of corruption and its files, and what makes citizens more confidence in state institutions, including banking institutions.
Policies and procedures,
it is difficult to talk about the procedures without talking about policies, Valtlazem between the two is the basis for the activation procedures, and give then Executive, often Managd economic and banking policies, and even policies that relate to other files impose conditions on any economic processing, especially the implications of the security situation, even inflation public Employment Foundation, also calls for financial benefits, and contexts require urgent action, this Maani overcome frameworks planning, so no choice of economic legislator puts ambitious targets to address these consequences, even stressful public policies to Atzl down the economic Alstregiat, and the programs and objectives.
Linking political and economic between the issue important and vital, but it requires a clear vision, professional and planning and responsibility, and not rely on unclear to chance, and procedures Ataiwarye..oohsp that the accumulation of these random processors will lose the economic reality of any opportunity for growth and recovery, and even improve the Iraqi economy image to the citizen who lives fear of a recession , which affects his daily life.[/rtl]
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