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Two experts call for the reform of state-owned enterprises
3/23/2015 0:00
BAGHDAD thank Fatlawi
called an economist to the need to find appropriate solutions to the problems of state-owned enterprises to achieve the desired results, indicating that non-small percentage of these companies have products carry a high specification.
He explained Dr. Raed Fahmi in his speech " morning "that these companies are not able to compete due to higher production costs, primarily electric power, as well as the disposal of their products, pointing to the need for the emergence of political will in this context through the state ministries and institutions to purchase the products of these companies. He said Fahmi that what progress requires issuing decisions with the exception of some equipment from the terms of government contracts because it involves the public interest, pointing out that this is particularly the Ministry of Defence applies in relation to the purchase of products, public companies, textile and leather industries and some of the companies that manufacture some military equipment to the limit he said.
He reported that all of this will generate financial cycle limit fiscal spending in the national economy and serve two goals: first, to activate the state-owned companies and their products, as well as the operation of its employees and to address the liquidity crisis has, and the other goal to reduce the use of hard currency for the purposes of import what helps in the face of restrictions on the state budget and reducing the pressure is also on the Central Bank in terms of meeting the demand for the dollar.
For his part, suggested Alkhbayralaguetsada D.dakhl Jawad in his "morning" to address the weakness in the private sector by the State to implement strategic projects and basic loops in the national economy in the private sector to complete secondary loops pointing out that it will boost the economy towards investment and work freely in accordance with the data and cost calculations.
Jawad resorting to privatization promised an essential part of the reform programs and to address poor performance and keep pace with the fact that many government projects are a burden on the state budget, which creates motivation The justification to privatization in order to adapt the public sector with age variables and expand private sector activity, indicating that the application of the principle of privatization achieves efficiency of the national economic performance is accompanied by an increase in government revenue and reduce the deficit in the state budget, as well as the development of local financial markets and stimulate activity not to mention the profitability of efficiency and creativity and freedom of movement.
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3/23/2015 0:00
BAGHDAD thank Fatlawi
called an economist to the need to find appropriate solutions to the problems of state-owned enterprises to achieve the desired results, indicating that non-small percentage of these companies have products carry a high specification.
He explained Dr. Raed Fahmi in his speech " morning "that these companies are not able to compete due to higher production costs, primarily electric power, as well as the disposal of their products, pointing to the need for the emergence of political will in this context through the state ministries and institutions to purchase the products of these companies. He said Fahmi that what progress requires issuing decisions with the exception of some equipment from the terms of government contracts because it involves the public interest, pointing out that this is particularly the Ministry of Defence applies in relation to the purchase of products, public companies, textile and leather industries and some of the companies that manufacture some military equipment to the limit he said.
He reported that all of this will generate financial cycle limit fiscal spending in the national economy and serve two goals: first, to activate the state-owned companies and their products, as well as the operation of its employees and to address the liquidity crisis has, and the other goal to reduce the use of hard currency for the purposes of import what helps in the face of restrictions on the state budget and reducing the pressure is also on the Central Bank in terms of meeting the demand for the dollar.
For his part, suggested Alkhbayralaguetsada D.dakhl Jawad in his "morning" to address the weakness in the private sector by the State to implement strategic projects and basic loops in the national economy in the private sector to complete secondary loops pointing out that it will boost the economy towards investment and work freely in accordance with the data and cost calculations.
Jawad resorting to privatization promised an essential part of the reform programs and to address poor performance and keep pace with the fact that many government projects are a burden on the state budget, which creates motivation The justification to privatization in order to adapt the public sector with age variables and expand private sector activity, indicating that the application of the principle of privatization achieves efficiency of the national economic performance is accompanied by an increase in government revenue and reduce the deficit in the state budget, as well as the development of local financial markets and stimulate activity not to mention the profitability of efficiency and creativity and freedom of movement.
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