Baghdad Imad Youssef Zayer emirate
counting economist Antegean neglect the most important sectors, namely industrial and agricultural of the most negative aspects of the sector in the reality of the Iraqi economy, calling for the need to reconsider them. He d. Osama Jabbar reformer in his lecture delivered at the seminar which Nzationamrkz Mustansiriya Arab and International Studies recently, and attended by «morning»,: after 3002 was characterized Iraqi economy being went to be a consumer has consumer spending accounted for 57 percent, while investment increased by 52 percent only, has grubby corruption even this small percentage, as it can not serve any process of development. » He reformer: has been marked by all budgets after 3002 it neglected the productive sectors so that the allocation of 1 percent for the industrial sector and the same for agriculture, and the imports allowed entry without censorship and this is another side of the same bad quality and cheap price of corruption, which eliminates any chance for competition of any product Local. The budgets of the years 5002 7002 large financial abundance of vogue oil market then, and did not invest all earned savings estimated at $ 55 billion, including offer any opportunity for the development of the economy due to be directed to consumption is useful too, as well as made the government doubled the number of public employment, as well as It shouldered the burden of the benefits of loans granted to the citizens of the real estate and agricultural banks and the tax exemptions in various cuts and this Mahml State still bear the burden of a large impact. He noted lecturer to the revitalization of the industrial sector will serve the overall economy, for example, run cement factories will provide foreign currency out of the country to fill Akiem import this article, also pointed out that the large factories in the various governorates of Iraq has become a rival to factories Kurdistan difficult by the failure of their production lines and poor production conditions in. He pointed out that the government measures to close the budget deficit and its policy to provide the cash required for the conduct of the economic development process, was not at the required level where it raised foreign bonds did not succeed by promoting with the presentation of very great benefit to them amounted to 14 percent, as well as put forward a medium local bonds term with no right climate and the presence of circulating within the stock market and which made this move back away from asking foreign bonds and are still trying to promote local opportunities without hope for its success Bmsaaha this. He reformed his remarks on the sale of foreign currency market management, both in the daily auction for the sale of the banking companies or sell them to dealers finance the import licenses, saying: Both need good governance to achieve the best gains of the country where the miscalculation caused great damage to the reality of the dinar against foreign currency, and can be access to the exchange rate guarantees to encourage productive sectors so that they can compete against imported goods, and this requires a true understanding of the reality of our economy, of course, this requires the creation of production required for the work of the productive sectors of the circumstances. He warned of dire consequences for the financing of the plug to draw from the cash reserve (which is now about 65 billion dollars) as it increases the rate of inflation and thus creates new problems and crises we do not need it. He said that recourse to international institutions like the World Bank and others make us give in very harsh conditions, including the removal of subsidies for the necessary materials and the application of harsh tax policies and reduce government employment and government spending to severe limits as well. He added: As we can not control now revenues to cover the deficit so you should think about reducing spending and where that wages and salaries account for the largest proportion of this spending this factor Ihddna biggest challenges can not be cut back wages without providing more services to compensate for the citizen and this holds the government new burden , or that the government impose new fees on companies operating in the country and this is also the demand of it did not meet our example and the fees imposed on telecommunications companies, which in turn campaign entirely on the citizen. He concluded by saying: that this short-term treatments As for long-term treatments are activating the productive sectors of the industrial and agricultural sectors such as tourism and religious and provide the right climate for investment is required to play its role in the development process and thus promote the economy to the fullest.
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