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Economic Adviser: decline in GDP by about 15% and the government is looking for alternatives
05/02/2015
Baghdad
Economists estimated decline in the gross domestic product size in Iraq, since last June, about 15%, Aazin largely to falling oil prices and the loss of part of gross domestic product in the provinces where security was deteriorating conditions, and as pointed out that the decline has led to "paralysis" in the side economic of the country, called for activating the productive sectors (non-oil) such as industry, agriculture and tourism to compensate for the lack of state revenues.
Economic adviser said the appearance of Mohammed Saleh in an interview for the "long", that "Iraq financial losses since last June is estimated at 15% of gross domestic product and return causes the deterioration of the security quotient in some governorates of Iraq and stop the wheel of production in those areas," noting that "those losses perpetuate the deficit in the general budget and balance of payments. "
Saleh also highlighted that "the decline in GDP led to the dwindling of the Iraqi economy growth estimates to less than 1% for the current year after it was 2.3% in the past year, according to IMF estimates, and this leads to weakness in the economic activity of the country increases the burden on the state. "
Saleh explained that "among the events that led to a decline in the total gross domestic product is the deterioration of security made in the northern governorates, especially Kirkuk, which led to faltering oil production over the past year that was an estimated 450-700 thousand barrels per day as well as complete paralysis in the rest of the productive sectors and economic activity in those cities and stop the Baiji refinery to more than once. "
Salih noted that "the government went to economic development to provide a feasible economic alternatives Ktfiel agricultural and industrial sectors, but is not instantaneous issue, may take time, "he said, adding that" the cabinet's decision to impose customs tariffs on all goods entering is a good beginning encourage national production. "
He pointed out that "there is international cooperation and wide with Iraq to remedy such economic problems because of the exceptional circumstances that pass the country and military operations wide. "
emphasizes economists on the need to activate the productive sectors outside the framework of the oil to achieve economic development and raise the level of gross domestic product, and that oil occupies the bulk of it, according to government statistics, and the need to find ways to overcome the weaknesses in economic development and confront the failures encountered in plans way.
For his part, attributed the economic expert on behalf of Anton "decline of the GDP this year to a decline in global oil prices, especially since oil accounts for roughly 65% of gross domestic product as well as the adoption of all the other oil economic activities mainly."
said Anton saying "The economic activities in Iraq paralyzed as a result of the decline in oil prices, after that was Iraq sells $ 300 million a day has become a selling $ 150 million at the rate of production of 3 million barrels per day."
The expert pointed out that "the decline in the gross domestic product led to a decline in the share capita gross domestic product, causing paralysis of economic life, and low production rates as a result of the lack of financing for development projects. "
and for providing oil economic alternatives said Anton that "the most important alternatives is the activation of other productive sectors outside the framework of the oil, such as agriculture, industry, tourism and service sectors, which did not pay her State of any importance in the earlier stages. "
The expert called to "put new plans to activate the productive sectors and find other sources of income such as the imposition of duties and taxes as well as not to exaggerate in salaries," pointing out that "a lot of economic and development activities stalled due to the lack of advances Exchange ".
The Central Bank of Iraq, had announced in Monday (5 May 2014), that the National Development Plan 2013-2017, seeks to raise the economic growth and the implementation of the reform of many development programs and projects, as he emphasized that such a plan and policy aim to raise the GDP growth an annual rate of (13.3%) and the development of non-oil activities an annual rate of (7.5%.)
The Central Bank, said that "the National Development Plan 2013-2017, launched by the Ministry of Planning seeks to raise the economic growth, especially in light of the improvement in the the economic climate and the dramatic rise expected crude oil production and export, as well as the commitment to implement the reform programs of development of existing and targeted projects. "
He added the bank, that "the development plan and policy of the Central Bank first aims to raise the GDP growth at an annual rate of (13.3%) During the years of the plan (2013 - 2017), and to the development of economic activities in non-oil, commodity and service, at a rate of annual growth rate (7.5%), "noting that" the axis of the third five-year development plan, including the need for the development of crude oil at an annual rate Activity of (18.7%. ")
The Iraq was launched in May of 2010. Five-Year National Development Plan 2010-2014, under the theme "Towards a diverse and sustainable Iraqi economy", in order to reduce disparities between urban and rural areas, and the creation of infrastructure and the provision of services Social and jobs, and increase gross domestic product by 9.38 percent annual growth rate during the plan period while working to diversify the economy, which is currently dependent on oil imports.
The Ministry of Planning launched in (the 16th of September 2013), five-year development for the years 2013-2017 plan within celebratory organized by the ministry at the Rashid Hotel in Baghdad, which aims to reduce disparities and barriers between urban and rural areas, and the establishment of infrastructure and provision of social services and jobs, in addition to diversify the economy, which is currently dependent on oil imports.
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05/02/2015
Baghdad
Economists estimated decline in the gross domestic product size in Iraq, since last June, about 15%, Aazin largely to falling oil prices and the loss of part of gross domestic product in the provinces where security was deteriorating conditions, and as pointed out that the decline has led to "paralysis" in the side economic of the country, called for activating the productive sectors (non-oil) such as industry, agriculture and tourism to compensate for the lack of state revenues.
Economic adviser said the appearance of Mohammed Saleh in an interview for the "long", that "Iraq financial losses since last June is estimated at 15% of gross domestic product and return causes the deterioration of the security quotient in some governorates of Iraq and stop the wheel of production in those areas," noting that "those losses perpetuate the deficit in the general budget and balance of payments. "
Saleh also highlighted that "the decline in GDP led to the dwindling of the Iraqi economy growth estimates to less than 1% for the current year after it was 2.3% in the past year, according to IMF estimates, and this leads to weakness in the economic activity of the country increases the burden on the state. "
Saleh explained that "among the events that led to a decline in the total gross domestic product is the deterioration of security made in the northern governorates, especially Kirkuk, which led to faltering oil production over the past year that was an estimated 450-700 thousand barrels per day as well as complete paralysis in the rest of the productive sectors and economic activity in those cities and stop the Baiji refinery to more than once. "
Salih noted that "the government went to economic development to provide a feasible economic alternatives Ktfiel agricultural and industrial sectors, but is not instantaneous issue, may take time, "he said, adding that" the cabinet's decision to impose customs tariffs on all goods entering is a good beginning encourage national production. "
He pointed out that "there is international cooperation and wide with Iraq to remedy such economic problems because of the exceptional circumstances that pass the country and military operations wide. "
emphasizes economists on the need to activate the productive sectors outside the framework of the oil to achieve economic development and raise the level of gross domestic product, and that oil occupies the bulk of it, according to government statistics, and the need to find ways to overcome the weaknesses in economic development and confront the failures encountered in plans way.
For his part, attributed the economic expert on behalf of Anton "decline of the GDP this year to a decline in global oil prices, especially since oil accounts for roughly 65% of gross domestic product as well as the adoption of all the other oil economic activities mainly."
said Anton saying "The economic activities in Iraq paralyzed as a result of the decline in oil prices, after that was Iraq sells $ 300 million a day has become a selling $ 150 million at the rate of production of 3 million barrels per day."
The expert pointed out that "the decline in the gross domestic product led to a decline in the share capita gross domestic product, causing paralysis of economic life, and low production rates as a result of the lack of financing for development projects. "
and for providing oil economic alternatives said Anton that "the most important alternatives is the activation of other productive sectors outside the framework of the oil, such as agriculture, industry, tourism and service sectors, which did not pay her State of any importance in the earlier stages. "
The expert called to "put new plans to activate the productive sectors and find other sources of income such as the imposition of duties and taxes as well as not to exaggerate in salaries," pointing out that "a lot of economic and development activities stalled due to the lack of advances Exchange ".
The Central Bank of Iraq, had announced in Monday (5 May 2014), that the National Development Plan 2013-2017, seeks to raise the economic growth and the implementation of the reform of many development programs and projects, as he emphasized that such a plan and policy aim to raise the GDP growth an annual rate of (13.3%) and the development of non-oil activities an annual rate of (7.5%.)
The Central Bank, said that "the National Development Plan 2013-2017, launched by the Ministry of Planning seeks to raise the economic growth, especially in light of the improvement in the the economic climate and the dramatic rise expected crude oil production and export, as well as the commitment to implement the reform programs of development of existing and targeted projects. "
He added the bank, that "the development plan and policy of the Central Bank first aims to raise the GDP growth at an annual rate of (13.3%) During the years of the plan (2013 - 2017), and to the development of economic activities in non-oil, commodity and service, at a rate of annual growth rate (7.5%), "noting that" the axis of the third five-year development plan, including the need for the development of crude oil at an annual rate Activity of (18.7%. ")
The Iraq was launched in May of 2010. Five-Year National Development Plan 2010-2014, under the theme "Towards a diverse and sustainable Iraqi economy", in order to reduce disparities between urban and rural areas, and the creation of infrastructure and the provision of services Social and jobs, and increase gross domestic product by 9.38 percent annual growth rate during the plan period while working to diversify the economy, which is currently dependent on oil imports.
The Ministry of Planning launched in (the 16th of September 2013), five-year development for the years 2013-2017 plan within celebratory organized by the ministry at the Rashid Hotel in Baghdad, which aims to reduce disparities and barriers between urban and rural areas, and the establishment of infrastructure and provision of social services and jobs, in addition to diversify the economy, which is currently dependent on oil imports.
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