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Economic Adviser: 9 thousand unfinished project only 480 of them in seven years
04/30/2015
BAGHDAD
Announced specialize in economic affairs for the decline in the completion of projects in Iraq dramatically ratio, while confirmed that the years of 2009 and 2015 saw the completion of 480 projects out of 9000, called for the removal of "influential politicians" about the impact on the budget process, and the abolition of the institutions that impede performance monitoring Financial government.
This came during a seminar held by the Faculty of Administration and Economics at the University of Karbala in cooperation with the threshold of the Holy Husseiniya, titled "methods of the state budget allocations administration in light of the new challenges."
said the economic advisor to the Iraqi government the appearance of Mohammed Saleh, during the seminar that "the rate of implementation of projects index Iraq during the period of 2009- 2015 included nine thousand project almost, only 480 did not perform them, and the remaining 8,500 unfinished worth up to 250 trillion dollars, "noting that" the main reason for the failure to perform is the technical level and performance below the required level, and project progress without A feasibility study, as well as the poor efficiency of the Iraqi contractor.. "
Saleh added in the private axis of "the state budget risk management in light of contemporary challenges", that "economic risks represented by the adoption of the budget by 93% on oil revenues," pointing out that " Iraq imports 30 percent of oil products for example, diesel and gasoline, and this is expensive to the state budget. "
At the intervention of economic expert Uday al-Asadi During the seminar, said that "the ratio of the budget deficit in 2015, amounting to 25 very large trillion dollars," noting that "administrative reform is One of the tasks that must be addressed by the budget in addition to getting rid of red tape and bureaucracy in the work of the administrative apparatus in the state. "
He suggested al-Asadi set of proposals to cover the deficit in the budget, including the "activation of the tax code, and the development of agricultural production, and reducing class differences and the gap between salaries and wages in institutions State, and the abolition of some obtrusive institutions to monitor the financial performance of the government, linking the general budget of the needs of the ministries and citizens as the best, and the dimensions of political powerful influence on the budget process, develop a plan for each goal of balancing reduce its dependence on oil and to move away from rentier economy through direct support for small and medium-sized enterprises " .
In a related context, announced the National Investment Authority, on Wednesday, for issuing investment map for the current year 2015, and as shown it includes 990 projects, pointed out that the development plan for the reconstruction and construction for the years 2010 to 2014 did not achieve its goal because of the change revenue of conflict.
The head of the Sami al-Araji, in Baghdad, a meeting place for business and investment that "the Commission is currently issued investment map for the current year 2015, which include 990 projects in all economic and service sectors," noting that "the achievement of this map requires economic reform and activation of the single window and reform the banking and inventory of land and allocated to investors."
He said al-Araji "The Five-Year Development Plan for the reconstruction and construction that have been developed with the Ministry of Planning 2010 -2014, which set at $ 180 billion, including $ 100 billion from the Treasury and $ 80 billion through the investment had been only a part of it, not only because of the security factor, but wills change conflict between supporters of the market economy and openness among supporters of the rule of the state. "
He stressed that "Iraq has made during the five-year plan for the years 2010 -2014 investment value amounted to only $ 73 billion by 1135 vacation, but really value the quality of the land has not been implemented them only 25%," calling to "accept the harsh decisions mortgaged the shift towards a market economy."
complain Iraq weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.
It is noteworthy that the International Monetary Fund Sign in with (21 March 2015), the high proportion of the deficit in the budget for Iraq in 2015 to more than the proportion of the 12 percent announced by the government, because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume the budget, and the proposed implementation of reform measures strict It includes austere in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
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04/30/2015
BAGHDAD
Announced specialize in economic affairs for the decline in the completion of projects in Iraq dramatically ratio, while confirmed that the years of 2009 and 2015 saw the completion of 480 projects out of 9000, called for the removal of "influential politicians" about the impact on the budget process, and the abolition of the institutions that impede performance monitoring Financial government.
This came during a seminar held by the Faculty of Administration and Economics at the University of Karbala in cooperation with the threshold of the Holy Husseiniya, titled "methods of the state budget allocations administration in light of the new challenges."
said the economic advisor to the Iraqi government the appearance of Mohammed Saleh, during the seminar that "the rate of implementation of projects index Iraq during the period of 2009- 2015 included nine thousand project almost, only 480 did not perform them, and the remaining 8,500 unfinished worth up to 250 trillion dollars, "noting that" the main reason for the failure to perform is the technical level and performance below the required level, and project progress without A feasibility study, as well as the poor efficiency of the Iraqi contractor.. "
Saleh added in the private axis of "the state budget risk management in light of contemporary challenges", that "economic risks represented by the adoption of the budget by 93% on oil revenues," pointing out that " Iraq imports 30 percent of oil products for example, diesel and gasoline, and this is expensive to the state budget. "
At the intervention of economic expert Uday al-Asadi During the seminar, said that "the ratio of the budget deficit in 2015, amounting to 25 very large trillion dollars," noting that "administrative reform is One of the tasks that must be addressed by the budget in addition to getting rid of red tape and bureaucracy in the work of the administrative apparatus in the state. "
He suggested al-Asadi set of proposals to cover the deficit in the budget, including the "activation of the tax code, and the development of agricultural production, and reducing class differences and the gap between salaries and wages in institutions State, and the abolition of some obtrusive institutions to monitor the financial performance of the government, linking the general budget of the needs of the ministries and citizens as the best, and the dimensions of political powerful influence on the budget process, develop a plan for each goal of balancing reduce its dependence on oil and to move away from rentier economy through direct support for small and medium-sized enterprises " .
In a related context, announced the National Investment Authority, on Wednesday, for issuing investment map for the current year 2015, and as shown it includes 990 projects, pointed out that the development plan for the reconstruction and construction for the years 2010 to 2014 did not achieve its goal because of the change revenue of conflict.
The head of the Sami al-Araji, in Baghdad, a meeting place for business and investment that "the Commission is currently issued investment map for the current year 2015, which include 990 projects in all economic and service sectors," noting that "the achievement of this map requires economic reform and activation of the single window and reform the banking and inventory of land and allocated to investors."
He said al-Araji "The Five-Year Development Plan for the reconstruction and construction that have been developed with the Ministry of Planning 2010 -2014, which set at $ 180 billion, including $ 100 billion from the Treasury and $ 80 billion through the investment had been only a part of it, not only because of the security factor, but wills change conflict between supporters of the market economy and openness among supporters of the rule of the state. "
He stressed that "Iraq has made during the five-year plan for the years 2010 -2014 investment value amounted to only $ 73 billion by 1135 vacation, but really value the quality of the land has not been implemented them only 25%," calling to "accept the harsh decisions mortgaged the shift towards a market economy."
complain Iraq weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, which made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.
It is noteworthy that the International Monetary Fund Sign in with (21 March 2015), the high proportion of the deficit in the budget for Iraq in 2015 to more than the proportion of the 12 percent announced by the government, because of lower oil prices and the weakness of the possibility of Iraq's commitment to export 3.3 million barrels per day, and assume the budget, and the proposed implementation of reform measures strict It includes austere in investment projects, and a commitment to reducing expenses, and the revision of the maximum limits of central bank sales of the currency, referring to the overall growth contraction, and the prospect of rising inflation slightly the end of this year.
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