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Iraq launches strategy of 4 axes to activate the private sector
Posted by: Ama1 2/13/2015
Elite News /
launched Haider al-Abadi, the Iraqi prime minister, on Thursday strategy of 4 axes continue until 2030, aims to stimulate the private sector in the country to promote domestic production, which has deteriorated continuously for nearly 10 years, ensuring raise the proportion of its participation in the gross domestic product to 18%.
Ebadi said during the launch of the strategy conference in Baghdad yesterday that the Iraqi government is determined to the advancement of the private sector in the country and reduce dependence on oil to support the financial budget.
Abadi said that for the development of the private sector strategy also requires the development of the banking sector in order to ensure its success .
The Iraqi government announced orientation during the year 2015 to activate the investment business in all economic fields of energy and industry, in order to increase the annual fiscal revenue, which depend directly on about 94% on the export of oil.
The Iraq faces an economic crisis that forced him to reduce the financial size of the budget as a result of low prices Oil below $ 50 and start a policy of austerity, while the Ministry of Finance announced last month that it would increase taxes on some of the services provided.
He acknowledged the Iraqi Council of Representatives late last month for the 2015 budget of the country after reducing expenses by around 4 trillion Iraqi dinars ($ 3.43 billion) to up to 119 trillion Iraqi dinars ($ 102 billion) and a deficit of 25 trillion dinars ($ 21.4 billion).
The first axis in the development of the private sector in conducting an inventory of the private sector to show the places where companies in Iraq, services and products offered by the markets served by the number of employees in each strategy exists and the problems the company faced by companies.
The second axis includes improving the business environment, which centered around the laws, regulations and instructions obsolete and procedures that hinder the development of the private sector, to be the formation of committees and joint forums to consult on the laws, regulations and instructions.
This includes third axis implementation of the development of small and medium enterprises program, through the expansion of existing industrial areas and improve their services and the opening of new industrial zones to be able to industrial and small companies from work, and the creation of a special fund to support small and medium-sized companies give soft loans and issue guarantees for loans, and providing training programs and consulting and technical assistance to small and medium enterprises, especially in the field of planning and feasibility study and techniques New and marketing.
The fourth axis includes the implementation of the previous pillars activities best.
and will be shaped board development of the private sector representatives from government and the private sector, and will be an important council overseeing the implementation of the strategy and reports to the Council of Ministers.
For his part, the appearance of Mohammed Saleh said the prime minister for economic affairs adviser to sidelines of the conference that "stimulate the private sector strategic initiative aimed at ending all the obstacles that have prevented over the past years without taking the private sector role in development."
He pointed out that "the private sector currently accounts for 1.8% of the total GDP, which is a very low rate compared to the potential of the private sector and its spread in Iraq
and in favor of the "strategy includes providing the appropriate atmosphere to restore the private sector for its role in local development by raising the proportion of the gross domestic product to 18% in 10 years to reach the prescribed percentage according to the strategy."
The Ministry of Planning has announced Earlier this month, for an economic plan standing four years to save the economic situation in the country as a result of lower oil prices and to bring investments to Iraq, noting that the plan will be launched soon.
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Posted by: Ama1 2/13/2015
Elite News /
launched Haider al-Abadi, the Iraqi prime minister, on Thursday strategy of 4 axes continue until 2030, aims to stimulate the private sector in the country to promote domestic production, which has deteriorated continuously for nearly 10 years, ensuring raise the proportion of its participation in the gross domestic product to 18%.
Ebadi said during the launch of the strategy conference in Baghdad yesterday that the Iraqi government is determined to the advancement of the private sector in the country and reduce dependence on oil to support the financial budget.
Abadi said that for the development of the private sector strategy also requires the development of the banking sector in order to ensure its success .
The Iraqi government announced orientation during the year 2015 to activate the investment business in all economic fields of energy and industry, in order to increase the annual fiscal revenue, which depend directly on about 94% on the export of oil.
The Iraq faces an economic crisis that forced him to reduce the financial size of the budget as a result of low prices Oil below $ 50 and start a policy of austerity, while the Ministry of Finance announced last month that it would increase taxes on some of the services provided.
He acknowledged the Iraqi Council of Representatives late last month for the 2015 budget of the country after reducing expenses by around 4 trillion Iraqi dinars ($ 3.43 billion) to up to 119 trillion Iraqi dinars ($ 102 billion) and a deficit of 25 trillion dinars ($ 21.4 billion).
The first axis in the development of the private sector in conducting an inventory of the private sector to show the places where companies in Iraq, services and products offered by the markets served by the number of employees in each strategy exists and the problems the company faced by companies.
The second axis includes improving the business environment, which centered around the laws, regulations and instructions obsolete and procedures that hinder the development of the private sector, to be the formation of committees and joint forums to consult on the laws, regulations and instructions.
This includes third axis implementation of the development of small and medium enterprises program, through the expansion of existing industrial areas and improve their services and the opening of new industrial zones to be able to industrial and small companies from work, and the creation of a special fund to support small and medium-sized companies give soft loans and issue guarantees for loans, and providing training programs and consulting and technical assistance to small and medium enterprises, especially in the field of planning and feasibility study and techniques New and marketing.
The fourth axis includes the implementation of the previous pillars activities best.
and will be shaped board development of the private sector representatives from government and the private sector, and will be an important council overseeing the implementation of the strategy and reports to the Council of Ministers.
For his part, the appearance of Mohammed Saleh said the prime minister for economic affairs adviser to sidelines of the conference that "stimulate the private sector strategic initiative aimed at ending all the obstacles that have prevented over the past years without taking the private sector role in development."
He pointed out that "the private sector currently accounts for 1.8% of the total GDP, which is a very low rate compared to the potential of the private sector and its spread in Iraq
and in favor of the "strategy includes providing the appropriate atmosphere to restore the private sector for its role in local development by raising the proportion of the gross domestic product to 18% in 10 years to reach the prescribed percentage according to the strategy."
The Ministry of Planning has announced Earlier this month, for an economic plan standing four years to save the economic situation in the country as a result of lower oil prices and to bring investments to Iraq, noting that the plan will be launched soon.
[You must be registered and logged in to see this link.]
