Home
Iraq's need for economic diversification
2/23/2015 0:00
The decline in global oil prices at the moment, which represents a negative phase probably goes on this time also suggests the market data and expert opinion and consulting firms world, led to a dramatic reduction in oil and gas revenues and thus greatly influenced in the budgets of most of the OPEC countries, which led to the preparation General annual budgets are characterized by a deficit clear to adopt a low oil price for the purposes of the budget, compared to recent years.
such as the State of Kuwait, which adopted the price of $ 45 per barrel, and Iraq, which rate adopted 56 dollars / barrel, when preparing the public Moisntehma 2015.
For Iraq, the budget caused by the inability of Low oil prices began to economic and social effects overshadow the Iraqi street, the problem of Iraq chronic is adopted in an exaggerated manner on oil revenues to finance the general budget, what is a realistic threat to the development and diversification of the various economic activities in the short term and in the process of sustainable development in the long term.
Thus, the lack of economic diversity in Iraq makes financial and economic activities in general at risk of not economic, political and social stability in the case of revenue from the low of this activity.
self-sufficiency
and therefore the purpose of Iraq's transition from yield economy unilateral to a market economy has had to identify sectors that have priority in the economic reform process that directly and effectively contribute to the implementation of economic government program and draw the right economic policy is based on the optimal use of available resources and to achieve self-sufficiency and reduce import, which was and still is draining billions of foreign currency, by working on the development of economic activities that provide services Basic and increase the production of goods and commodities that can be produced locally by the private sector.
For this requires a linkage between economic diversification and sustainable development and strengthening ties between the two and take the required steps to simplify procedures and reduce the burdens on them at the present time.
Investments
of the most important sectors that should be given priority in the economic reform process is the banks, agriculture, industry, oil, telecommunications and tourism sectors (of all kinds) through restructuring, as well as the development of the partnership between the public and private sectors and involving foreign investment and facilitate their work by changing legislation and procedures and the creation of advanced banking systems contribute to the attraction of these investments, and encourage partnership between Iraqi private banks and make it open to international banks. These are investments that will play an important role in creating jobs and absorb unemployment and the transfer of knowledge and training
of employees, which in turn help to
create a healthy ground for economic diversity of the country.
Economic diversity
is also the subject of human resource development and the rebuilding of the infrastructure of the economy of the priorities that the government should promote the by drawing a clear policy for the exploitation of these resources and to maximize the case Altnavss and create a knowledge-based economy which is one of the most important pillars of economic diversification in the advanced economies.
as well as diversity of economic needs to the attention of state institutions concerned to maximize state revenue is collected and invested optimally as a system of taxes and levies, which suffered During the previous years of neglect and lack of follow-up, lack of implementation of previous recommendations of the committees audited for their work and the spread of financial and administrative corruption in most circles.
[You must be registered and logged in to see this link.]
2/23/2015 0:00
The decline in global oil prices at the moment, which represents a negative phase probably goes on this time also suggests the market data and expert opinion and consulting firms world, led to a dramatic reduction in oil and gas revenues and thus greatly influenced in the budgets of most of the OPEC countries, which led to the preparation General annual budgets are characterized by a deficit clear to adopt a low oil price for the purposes of the budget, compared to recent years.
such as the State of Kuwait, which adopted the price of $ 45 per barrel, and Iraq, which rate adopted 56 dollars / barrel, when preparing the public Moisntehma 2015.
For Iraq, the budget caused by the inability of Low oil prices began to economic and social effects overshadow the Iraqi street, the problem of Iraq chronic is adopted in an exaggerated manner on oil revenues to finance the general budget, what is a realistic threat to the development and diversification of the various economic activities in the short term and in the process of sustainable development in the long term.
Thus, the lack of economic diversity in Iraq makes financial and economic activities in general at risk of not economic, political and social stability in the case of revenue from the low of this activity.
self-sufficiency
and therefore the purpose of Iraq's transition from yield economy unilateral to a market economy has had to identify sectors that have priority in the economic reform process that directly and effectively contribute to the implementation of economic government program and draw the right economic policy is based on the optimal use of available resources and to achieve self-sufficiency and reduce import, which was and still is draining billions of foreign currency, by working on the development of economic activities that provide services Basic and increase the production of goods and commodities that can be produced locally by the private sector.
For this requires a linkage between economic diversification and sustainable development and strengthening ties between the two and take the required steps to simplify procedures and reduce the burdens on them at the present time.
Investments
of the most important sectors that should be given priority in the economic reform process is the banks, agriculture, industry, oil, telecommunications and tourism sectors (of all kinds) through restructuring, as well as the development of the partnership between the public and private sectors and involving foreign investment and facilitate their work by changing legislation and procedures and the creation of advanced banking systems contribute to the attraction of these investments, and encourage partnership between Iraqi private banks and make it open to international banks. These are investments that will play an important role in creating jobs and absorb unemployment and the transfer of knowledge and training
of employees, which in turn help to
create a healthy ground for economic diversity of the country.
Economic diversity
is also the subject of human resource development and the rebuilding of the infrastructure of the economy of the priorities that the government should promote the by drawing a clear policy for the exploitation of these resources and to maximize the case Altnavss and create a knowledge-based economy which is one of the most important pillars of economic diversification in the advanced economies.
as well as diversity of economic needs to the attention of state institutions concerned to maximize state revenue is collected and invested optimally as a system of taxes and levies, which suffered During the previous years of neglect and lack of follow-up, lack of implementation of previous recommendations of the committees audited for their work and the spread of financial and administrative corruption in most circles.
[You must be registered and logged in to see this link.]
