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Huge challenges facing the Iraqi economy
either the Deputy Prime Minister for Economic Affairs Nuri Shaways he pointed out that the road seems long until Iraq is able to reform and development of the national economy. He said that Iraq faces the challenge to continue relying on oil resources with low world prices combined with weak private sector and limited private banking sector efficiency and rising unemployment and illiteracy, which include 20 percent of Iraqis.
He explained that the most serious challenges facing the Iraqi economy currently is prohibitive to war and military expenditure against state regulation of the Islamic "Daash" and needs two and a half million displaced people fleeing from their areas experiencing these military operations .. explaining that these challenges will impact negatively on the reform of the Iraqi economy plans.
He said: "We are keen to strengthen the confidence of the world of the Iraqi economy and the accompanying great achievements "explaining that" within this context, we went to make a financial administrative reform and comprehensive restructuring of the banking system to mobilize the developmental role of the process, and in proportion to the new economic trends of the procedures and the necessary steps to make the economy more responsive to the requirements of the launch of a comprehensive development process. "
He said Shaways "We faced difficulties great challenges for reform, including the security policy, which times out of the country, and its exposure to the worst terrorist attack claimed the lives of tens of thousands of victims and martyrs, and inflicted heavy losses to the economy and hampered the construction and development process for several years the circumstances. "
He noted that "the road is still long to achieve the desired reform goals economic, but there are still significant challenges in front of the Iraqi economy, as indicated national development for the years 2013-2017 plan and the challenges represented by the continuation of a rentier economy and its dependence on the extraction and export of oil, the lower the percentage contribution of the sectors of industry, agriculture, energy and tourism supply domestic product overall. "
For its part, stressed Lizzie Karan Deputy Representative of the Secretary General of the United Nations in Iraq, the country's need for effective plans to improve the economic, security and political situation even Ainsr Iraq, but he passed to the bank of security by reducing dependence on income oil alone to promote the state's resources.
Iraq was ratified in 29 of the last Cdahr on the country's budget Public current 2015 value of $ 115 billion, and a deficit of $ 22 billion, and adopted the $ 56 per barrel of oil, and set aside $ 26 billion for security and defense.
The total budget value of 119 trillion Iraqi dinars (about $ 115 billion), based on $ 56 per barrel of oil, After reduction of $ 60, as it was in an earlier draft of the draft budget, with a deficit of $ 25 billion dinars (about US $ 22 billion).
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either the Deputy Prime Minister for Economic Affairs Nuri Shaways he pointed out that the road seems long until Iraq is able to reform and development of the national economy. He said that Iraq faces the challenge to continue relying on oil resources with low world prices combined with weak private sector and limited private banking sector efficiency and rising unemployment and illiteracy, which include 20 percent of Iraqis.
He explained that the most serious challenges facing the Iraqi economy currently is prohibitive to war and military expenditure against state regulation of the Islamic "Daash" and needs two and a half million displaced people fleeing from their areas experiencing these military operations .. explaining that these challenges will impact negatively on the reform of the Iraqi economy plans.
He said: "We are keen to strengthen the confidence of the world of the Iraqi economy and the accompanying great achievements "explaining that" within this context, we went to make a financial administrative reform and comprehensive restructuring of the banking system to mobilize the developmental role of the process, and in proportion to the new economic trends of the procedures and the necessary steps to make the economy more responsive to the requirements of the launch of a comprehensive development process. "
He said Shaways "We faced difficulties great challenges for reform, including the security policy, which times out of the country, and its exposure to the worst terrorist attack claimed the lives of tens of thousands of victims and martyrs, and inflicted heavy losses to the economy and hampered the construction and development process for several years the circumstances. "
He noted that "the road is still long to achieve the desired reform goals economic, but there are still significant challenges in front of the Iraqi economy, as indicated national development for the years 2013-2017 plan and the challenges represented by the continuation of a rentier economy and its dependence on the extraction and export of oil, the lower the percentage contribution of the sectors of industry, agriculture, energy and tourism supply domestic product overall. "
For its part, stressed Lizzie Karan Deputy Representative of the Secretary General of the United Nations in Iraq, the country's need for effective plans to improve the economic, security and political situation even Ainsr Iraq, but he passed to the bank of security by reducing dependence on income oil alone to promote the state's resources.
Iraq was ratified in 29 of the last Cdahr on the country's budget Public current 2015 value of $ 115 billion, and a deficit of $ 22 billion, and adopted the $ 56 per barrel of oil, and set aside $ 26 billion for security and defense.
The total budget value of 119 trillion Iraqi dinars (about $ 115 billion), based on $ 56 per barrel of oil, After reduction of $ 60, as it was in an earlier draft of the draft budget, with a deficit of $ 25 billion dinars (about US $ 22 billion).
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