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Economist: slight economic achievements have been made in Iraq after the change
09.04.2015
Economists believe that the economic transformation after the change in 2003 were not the level that it was the Iraqi citizens aspire to improve the economic situation of the country, despite the huge amounts of money, which spent hundreds of billions of dollars.
He stressed the economic expert on behalf of Jamil Antoine that there is an economic achievements lightly achieved in Iraq after the political change does not exceed 5%, after dominated financial and administrative corruption, and Tsidt random in financial management, explaining that the money spent from the budgets and grants exceeded $ 800 billion.
Antoine and pointed to the failure of agricultural and industrial sectors, as well as the decline of the Iraqi private sector, pointing at the same time to a remarkable development in the oil sector by entering a large investment companies.
But economist Hilal Taan believes that a number of economic transformations positive occurred in Iraq, including the appointment of a large number of young people in state institutions, as well as the improvement of the Iraqi dinar against the dollar and other foreign currencies, pointing at the same time to delay investment due to weak legislation and the security situation year.
It is said that Iraq had plans after the 2003 transformation to a market economy, but that a number of security and administrative problems delayed him in this aspect, as he noted that the government's economic advisor to the President, Dr. appearance of Mohammed Saleh.
Saleh explained that the transition to a market economy will not be easy in a country that lived decades of authoritarian rule, and it could take more time, pointing out that the government's strategy for the period from 2014 2030 include steps and Ajraouatkberh for the promotion of the private sector, and non-dependence on oil as a source single to finance the general budget
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09.04.2015
Economists believe that the economic transformation after the change in 2003 were not the level that it was the Iraqi citizens aspire to improve the economic situation of the country, despite the huge amounts of money, which spent hundreds of billions of dollars.
He stressed the economic expert on behalf of Jamil Antoine that there is an economic achievements lightly achieved in Iraq after the political change does not exceed 5%, after dominated financial and administrative corruption, and Tsidt random in financial management, explaining that the money spent from the budgets and grants exceeded $ 800 billion.
Antoine and pointed to the failure of agricultural and industrial sectors, as well as the decline of the Iraqi private sector, pointing at the same time to a remarkable development in the oil sector by entering a large investment companies.
But economist Hilal Taan believes that a number of economic transformations positive occurred in Iraq, including the appointment of a large number of young people in state institutions, as well as the improvement of the Iraqi dinar against the dollar and other foreign currencies, pointing at the same time to delay investment due to weak legislation and the security situation year.
It is said that Iraq had plans after the 2003 transformation to a market economy, but that a number of security and administrative problems delayed him in this aspect, as he noted that the government's economic advisor to the President, Dr. appearance of Mohammed Saleh.
Saleh explained that the transition to a market economy will not be easy in a country that lived decades of authoritarian rule, and it could take more time, pointing out that the government's strategy for the period from 2014 2030 include steps and Ajraouatkberh for the promotion of the private sector, and non-dependence on oil as a source single to finance the general budget
[You must be registered and logged in to see this link.]
