Where the private sector?
22/9/2016 12:00 am
Samir Al Nassiri
All preliminary indications in budgeting for 2017 that non-oil revenues would be higher compared to previous years has been allocated to this means that the Government plans to start the transition from a rental to a productive and diversifying resources and reduce dependence on oil from 95% to 85% of total revenues in 2017.
For that to happen there must be a clear role and program Ordinance for private sector involvement in the management of the economy and it comes through rebuilding the institutional structure of the private sector in the legislative and procedural aspects of incentive and in harmony and match the contents of the axis (iii) of the Government program to encourage private sector and transformation phases of the implementation of the strategy of developing for years (2014-2030) launched by the Government in February 2015.
And the Government has not been able to activate the operational mechanisms to actually start these programs immediately develop mechanisms to involve the private sector in national economic industry with a comprehensive overview of all productive sectors and to stimulate them in agriculture, industry and construction (housing and construction), energy, services and tourism and to adopt Government and private-sector programmes and contributions representations and operational procedures and supported financially and legally.
And must reflect that 2017 is actually in the private sector in order to achieve this the Government must first establish a superior Council of the private sector made up of representatives of the private sector and Government Administration and supervision, review, and evaluation of programs and policies designed to make the decisions required to achieve the objectives of the central economic partnership and cooperation between the private and public sectors.
Iraq is capable of building a strong economy provided that his reality players can improve the business environment in Iraq and offer encouraging investment climate to attract national and foreign capital and promote partnerships between the public and private sector.
The economy must all stakeholders and implemented national action to provide additional sources of funding for the State budget the need to adopt the development and diversification of resources towards increasing resources other than oil in the GDP, as well as to promote the creation and development of micro, small and medium enterprises focusing mainly on inclusive and sustainable development including the establishment of specialized institutions for this purpose.