Lack of assignments and the weakness of the needs assessment and behind
30/11/2011
Non-completion of projects on time shows a decline in investment
BAGHDAD - Al Sabah
Represents the investment budgets the most important episodes of economic growth in many countries of the world, on which is planned for the project's annual light initiate the Ministry of Planning painted, according to data need provided by the administrative units in the various provinces, which leads to the need to implement these budgets in accordance with the plans drawn by the authorities concerned, and that the investment budget was below the level of ambition, despite the decline witnessed by the country's investment because of the limited allocations, but the implementation of planned projects have become an important requirement as well as private investment in projects.
Economic expert, Nazim Ugaili told (morning): The evaluation of the performance of the budgets of the annual investment in the country appears confuse the implementation rate and the rates of exchange the size of the customizations in place, pointing out that the inclusion of investment projects in the plan are based on what is of the implementing agencies of the proposals, which are often be the beneficiary of these projects, and this marks the vulnerable and clear by the implementing agencies in the evaluation of their implementation capacity and potential in the implementation of the work assigned to them.
He pointed to the importance of acknowledging that the distribution of resources between current expenditure and investment spending was not dependent on the vision of economic, social, and clear, but the allocation investment would come as a residual, in addition to political and security situation weighed on the side Alanfaqa, which led to the commitments of many in the business side of the budget, affecting the volume of investments significantly.
He added that the process of project selection and inclusion in the curriculum investment suffers sometimes from a considerable disruption to the absence of vision of the ministries or other authorities in charge of the process of project selection and the absence of behavioral organization of priorities according to the technical feasibility studies and economic-based foundations of the process, so came the introduction of project plan based on the willingness of ministries in the most often.
He said the faltering investment plan at the stage of implementation may be due to a lack of coordination between the fiscal policy of the state and investment policy, which led to significant growth in spending Alasthaki government, pointing out that the financing of this expenditure has become increasingly dependent on oil revenues as a crowding out of investment spending that gets the low rate of national income, which leads to low investment rate, which leads to lower overall growth rate of the local economy, adding that despite the improvement observed on the proportion of investment spending to GDP in recent years but less than the rates for the targeted growth rate, where they are still rates far from the rates to be achieved in order to speed up the process of economic growth.
He added that there are obstacles and disadvantages encountered the ideal implementation of investment policy, including with regard to the technical side of implementation such as weak operational capacity of the points of her projects or decline in the level of contractors and other reasons that are undiagnosed, visible, and there are other reasons more important related to disrupt macroeconomic policies that were not able to today of the economic policy of integrated health and able to extrapolate the reality of macro-economic changes that the economy works and then follow the ethnic policy of the new economic reality could promote investment in the country.
He said that the formation of new investments is one of the important things in determining the rate of economic growth and increased income at a fast rate to exceed population growth rates of the order to raise the standard of living for individuals, from here shows the importance of investment as a first condition for achieving rapid rates of economic growth, which is a necessary condition for raising the per capita income and were not sufficient condition to achieve balanced economic development.
He explained that studies the competent institutions confirmed that the creation of opportunities is a new work in the national economy one of the major challenges facing economic growth, if the ultimate goal of economic growth is not only to produce value-added, but also enable people and expand their choices for a better life and this depends on the economic environment and exchanges and technological level of the existing and projected development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies economic and social spaces, in order to promote productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring.
Development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies of economic and social spaces, in order to promotion of productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring.
Development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies of economic and social spaces, in order to promotion of productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring. Development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies of economic and social spaces, in order to promotion of productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring.
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30/11/2011
Non-completion of projects on time shows a decline in investment
BAGHDAD - Al Sabah
Represents the investment budgets the most important episodes of economic growth in many countries of the world, on which is planned for the project's annual light initiate the Ministry of Planning painted, according to data need provided by the administrative units in the various provinces, which leads to the need to implement these budgets in accordance with the plans drawn by the authorities concerned, and that the investment budget was below the level of ambition, despite the decline witnessed by the country's investment because of the limited allocations, but the implementation of planned projects have become an important requirement as well as private investment in projects.
Economic expert, Nazim Ugaili told (morning): The evaluation of the performance of the budgets of the annual investment in the country appears confuse the implementation rate and the rates of exchange the size of the customizations in place, pointing out that the inclusion of investment projects in the plan are based on what is of the implementing agencies of the proposals, which are often be the beneficiary of these projects, and this marks the vulnerable and clear by the implementing agencies in the evaluation of their implementation capacity and potential in the implementation of the work assigned to them.
He pointed to the importance of acknowledging that the distribution of resources between current expenditure and investment spending was not dependent on the vision of economic, social, and clear, but the allocation investment would come as a residual, in addition to political and security situation weighed on the side Alanfaqa, which led to the commitments of many in the business side of the budget, affecting the volume of investments significantly.
He added that the process of project selection and inclusion in the curriculum investment suffers sometimes from a considerable disruption to the absence of vision of the ministries or other authorities in charge of the process of project selection and the absence of behavioral organization of priorities according to the technical feasibility studies and economic-based foundations of the process, so came the introduction of project plan based on the willingness of ministries in the most often.
He said the faltering investment plan at the stage of implementation may be due to a lack of coordination between the fiscal policy of the state and investment policy, which led to significant growth in spending Alasthaki government, pointing out that the financing of this expenditure has become increasingly dependent on oil revenues as a crowding out of investment spending that gets the low rate of national income, which leads to low investment rate, which leads to lower overall growth rate of the local economy, adding that despite the improvement observed on the proportion of investment spending to GDP in recent years but less than the rates for the targeted growth rate, where they are still rates far from the rates to be achieved in order to speed up the process of economic growth.
He added that there are obstacles and disadvantages encountered the ideal implementation of investment policy, including with regard to the technical side of implementation such as weak operational capacity of the points of her projects or decline in the level of contractors and other reasons that are undiagnosed, visible, and there are other reasons more important related to disrupt macroeconomic policies that were not able to today of the economic policy of integrated health and able to extrapolate the reality of macro-economic changes that the economy works and then follow the ethnic policy of the new economic reality could promote investment in the country.
He said that the formation of new investments is one of the important things in determining the rate of economic growth and increased income at a fast rate to exceed population growth rates of the order to raise the standard of living for individuals, from here shows the importance of investment as a first condition for achieving rapid rates of economic growth, which is a necessary condition for raising the per capita income and were not sufficient condition to achieve balanced economic development.
He explained that studies the competent institutions confirmed that the creation of opportunities is a new work in the national economy one of the major challenges facing economic growth, if the ultimate goal of economic growth is not only to produce value-added, but also enable people and expand their choices for a better life and this depends on the economic environment and exchanges and technological level of the existing and projected development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies economic and social spaces, in order to promote productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring.
Development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies of economic and social spaces, in order to promotion of productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring.
Development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies of economic and social spaces, in order to promotion of productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring. Development projects, and at the level of workforce development and job creation have used the best and on the environmental level, or at the provincial level and to meet the needs of present and future generations, and that in Iraq is an urgent need for policies and programs for the labor market linked to itself and other policies of economic and social spaces, in order to promotion of productive employment and to ensure their basic rights and protection and support that improve the employment requires the design of policies and develop effective working and monitoring.
[You must be registered and logged in to see this link.]