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Parliamentary Economy: Iraqi export volume does not exceed 1% versus 99% imports
5/5/15
Baghdad / al-Suhail Ahmed
Invited member of the Committee of Economy parliamentary, on Monday, the Iraqi government to take executive action limiting big government imports, while confirmed that the Iraqi export volume does not exceed 1% versus 99% imports, description economist Activity consumer import of "the great and uncontrolled" and cause a negative effect on the overall economic situation in the country.
She said a member of the economic and investment commission in Parliament, Najiba Najib in an interview for the "long" that "laws that restrict imports and increase of exports is not at the required level, but it is not a problem laws only," indicating "the lack of strategy and clear of the state in the aspects of economic development plans throughout periods the past as well as the lack of plans and programs of reform. "
She added by saying that "the Iraqi export volume does not exceed 1% versus 99% for imports", calling for the need to "take a series of executive actions to limit and reduce imports by the government."
She Najib to " the lack of will of the fact that economic development in Iraq. "
She said "the House of Representatives in connection with a focus on supporting laws that must be legislation and amended, including banking laws and the law of the central bank and customs tariffs," adding that the committee has to "develop plans that will reach the goals economic development. "
He noted that the "Iraqi Parliament hosted, yesterday, Governor of the Central Bank and learned the bank measures to curb smuggling and money laundering, said during the meeting that he will be industrial, agricultural and real estate banking finance $ 5 trillion Iraqi dinars to lend to small and medium enterprises within the development plan local productive sectors. "
For his part, economist Majid picture in an interview for the "long" that "import activity includes the importation of goods and services the public and private sectors and if we take into consideration that the central bank sold to the private sector about $ 52 billion per year during the years 2013 to 2014 This means that imports of commodity in the private sector is estimated between 40-45 billion dollars and the rest is imported services. "
The expert added by saying that "the total central bank sales of foreign exchange to the private sector since 2003, and until the end of 2014 is estimated up to 337 billion dollars," returned " the amount is too large for imports. "
He stressed that "the trend in consumer expenditures the government led to the exit of large sums of Iraq's money abroad," pointing out that "the Department of the money goes to the imports of goods and services and other division goes to operations and money laundering, smuggling, and in any case This activity import waste to Iraq's money. "
He continued, "I was supposed to go to the development of public and private sectors Alantegean for export compensation and carry out export operations to diversify hard currency sources for Iraq," and expressed regret because of that "those measures did not get because of poor financial and economic management and the spread of financial and administrative corruption. "
and supervisory procedures to draw the picture that "circle controls on foreign exchange were canceled and existing laws as the law of the Central Bank and the laws of the banks give complete freedom to move money, and this freedom should be monitored so as not tainted laundering and smuggling money operations."
He stressed "the need to adhere to the laws of the fight against financial and administrative corruption and the fight against money laundering and smuggling but are not tax farming those laws. "
He noted that "it is supposed to create an investment environment for domestic and foreign private sector but has not been working in this direction and therefore did not solve the electricity problems and the problem of security and bureaucratic and administrative and financial corruption, and all these things factors that lead to the emergence of conditions for a tendency towards consumption dramatically and the corruption of financial and administrative processes flight and money laundering. "
He explained that "Iraq is located in the high correlation pliers market and foreign link to exports, which are mostly oil and depends on the level of prices in the global markets and the level of demand and major indicators in the market the world. "
He continued by saying that "since 2003, and has so far got were required tablespoons including the decline in global oil prices, the first in 2008 and the second occurring now, which led to the deterioration of the financial possibilities in the spending process and the results were that Iraq so far can not raise money external and internal to cover up commitments on the security side. "
and for providing solutions to those problems drew the picture that "those problems solved by encouraging investment and work to appropriate his climate insurance, but seriously do not exist in solution of these problems by successive governments," noting that the main problem is not the reduction of imports, but to work to secure the needs of the Iraqi economy of goods and services through sustainable internal development, whether in production or services to compensate for those imports can not be compensated imports without economic development. "
He noted that "Iraq is suffering from Dutch disease, which is the presence of oil imports that have made Iraqi human being lazy and political slave to the money and working to get it does not believe in the process of economic development. "
He concluded the picture by saying that "imports lead to get quick profit and whether Iraq's imports $ 75 billion and profit of only 20% which is much more than this percentage This means that $ 15 billion go to a handful of parasites who encourage the import process. "
It is estimated the money used size in import activity in 2013 by nearly $ 80 billion, what promise Economists threat to national productivity environment and the Iraqi economy and the drain on national income.
The government reports indicate to a huge increase in the volume of import activity, remember where the financial reports that the import activity was estimated at up to $ 9.6 billion in 2003-2004 and reached $ 75 billion in 2012 and $ 80 billion in 2013 and did not appear until now the size of statistical import activity for 2014.
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5/5/15
Baghdad / al-Suhail Ahmed
Invited member of the Committee of Economy parliamentary, on Monday, the Iraqi government to take executive action limiting big government imports, while confirmed that the Iraqi export volume does not exceed 1% versus 99% imports, description economist Activity consumer import of "the great and uncontrolled" and cause a negative effect on the overall economic situation in the country.
She said a member of the economic and investment commission in Parliament, Najiba Najib in an interview for the "long" that "laws that restrict imports and increase of exports is not at the required level, but it is not a problem laws only," indicating "the lack of strategy and clear of the state in the aspects of economic development plans throughout periods the past as well as the lack of plans and programs of reform. "
She added by saying that "the Iraqi export volume does not exceed 1% versus 99% for imports", calling for the need to "take a series of executive actions to limit and reduce imports by the government."
She Najib to " the lack of will of the fact that economic development in Iraq. "
She said "the House of Representatives in connection with a focus on supporting laws that must be legislation and amended, including banking laws and the law of the central bank and customs tariffs," adding that the committee has to "develop plans that will reach the goals economic development. "
He noted that the "Iraqi Parliament hosted, yesterday, Governor of the Central Bank and learned the bank measures to curb smuggling and money laundering, said during the meeting that he will be industrial, agricultural and real estate banking finance $ 5 trillion Iraqi dinars to lend to small and medium enterprises within the development plan local productive sectors. "
For his part, economist Majid picture in an interview for the "long" that "import activity includes the importation of goods and services the public and private sectors and if we take into consideration that the central bank sold to the private sector about $ 52 billion per year during the years 2013 to 2014 This means that imports of commodity in the private sector is estimated between 40-45 billion dollars and the rest is imported services. "
The expert added by saying that "the total central bank sales of foreign exchange to the private sector since 2003, and until the end of 2014 is estimated up to 337 billion dollars," returned " the amount is too large for imports. "
He stressed that "the trend in consumer expenditures the government led to the exit of large sums of Iraq's money abroad," pointing out that "the Department of the money goes to the imports of goods and services and other division goes to operations and money laundering, smuggling, and in any case This activity import waste to Iraq's money. "
He continued, "I was supposed to go to the development of public and private sectors Alantegean for export compensation and carry out export operations to diversify hard currency sources for Iraq," and expressed regret because of that "those measures did not get because of poor financial and economic management and the spread of financial and administrative corruption. "
and supervisory procedures to draw the picture that "circle controls on foreign exchange were canceled and existing laws as the law of the Central Bank and the laws of the banks give complete freedom to move money, and this freedom should be monitored so as not tainted laundering and smuggling money operations."
He stressed "the need to adhere to the laws of the fight against financial and administrative corruption and the fight against money laundering and smuggling but are not tax farming those laws. "
He noted that "it is supposed to create an investment environment for domestic and foreign private sector but has not been working in this direction and therefore did not solve the electricity problems and the problem of security and bureaucratic and administrative and financial corruption, and all these things factors that lead to the emergence of conditions for a tendency towards consumption dramatically and the corruption of financial and administrative processes flight and money laundering. "
He explained that "Iraq is located in the high correlation pliers market and foreign link to exports, which are mostly oil and depends on the level of prices in the global markets and the level of demand and major indicators in the market the world. "
He continued by saying that "since 2003, and has so far got were required tablespoons including the decline in global oil prices, the first in 2008 and the second occurring now, which led to the deterioration of the financial possibilities in the spending process and the results were that Iraq so far can not raise money external and internal to cover up commitments on the security side. "
and for providing solutions to those problems drew the picture that "those problems solved by encouraging investment and work to appropriate his climate insurance, but seriously do not exist in solution of these problems by successive governments," noting that the main problem is not the reduction of imports, but to work to secure the needs of the Iraqi economy of goods and services through sustainable internal development, whether in production or services to compensate for those imports can not be compensated imports without economic development. "
He noted that "Iraq is suffering from Dutch disease, which is the presence of oil imports that have made Iraqi human being lazy and political slave to the money and working to get it does not believe in the process of economic development. "
He concluded the picture by saying that "imports lead to get quick profit and whether Iraq's imports $ 75 billion and profit of only 20% which is much more than this percentage This means that $ 15 billion go to a handful of parasites who encourage the import process. "
It is estimated the money used size in import activity in 2013 by nearly $ 80 billion, what promise Economists threat to national productivity environment and the Iraqi economy and the drain on national income.
The government reports indicate to a huge increase in the volume of import activity, remember where the financial reports that the import activity was estimated at up to $ 9.6 billion in 2003-2004 and reached $ 75 billion in 2012 and $ 80 billion in 2013 and did not appear until now the size of statistical import activity for 2014.
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