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Expert: pay off the state debt revive the construction sector
5/7/2015 0:00
BAGHDAD
called economic expert Hassan al-Asadi to the need to resort to the banks and major financial institutions to request loans deadlines medium (5-10) years to address the financial situation in Iraq, especially after the decline in financial income from the export of oil crude, as well as the urgent need to develop new economic strategies and apply them to come out in a better position.
He said that such loans will refresh in real time the Iraqi economy through the payment of the state debt to the private sector and in particular the construction sector, which will revive the construction sector, which will support turn a large section of workers and On the other hand will lead to the completion of stalled projects, which are at an advanced proportions and puts them in the service to benefit the citizen and the state at the same time.
It was suggested that al-Asadi repay the debt the current state of the contractors by can not help the case for projects and payments to contractors and companies taking advantage of previous experience in this area and given a choice of wills companies continue the remaining part of the work in a way payment on credit or payment facilitator as possible. Noting that it represents a real-time processors for Purchases State needs of the basic materials needed by Iraq, whether industrial or agricultural or service-or food.
He added that such loans and the areas of investment to serve the citizen certainly would avoid Iraq discontent of those who wish to raising them enemies of the homeland and exploit the abuse of the state and the government and achievements achieved.
He went to the unexpected and work on them with all seriousness and concentration and not be neglected in this delicate situation which is going through Aalbuld especially the risk that the loss of jobs due to the project stopped.
He said al-Asadi urgent need to develop new economic strategies and apply them to Iraq come out in a better position than his economic current and can stand up and withstand the hostile designs long-term.
He said the major economic problems is relying on a single source of income which is oil ... Add to disguised unemployment significantly, where we have more than 4 million government employees, a number may not exist in the countries of Nfosha four and five times the population of Iraq Add to that administrative corruption with routine and bureaucracy inherited from totalitarian systems economically and politically for decades long financially and corruption to thrive result mainly of administrative corruption ... formed all major cause continuous waste of people's money and the state.
He said al-Asadi The other problems can be summarized that Iraq has become an incubator for environment repulsive for private investment and the most important aspect in this repulsive environment is the banking system in Iraq, which is closer to the non-existence does not serve the industrial, agricultural, political and service sectors and does not serve even with medium and small class actions.
He said we have to put in our calculations solutions for large problem we face now and in the foreseeable future after he defeated Daash a reconstruction of the affected areas and to address the deterioration of the infrastructure is not in the occupied territories of Daash but in the whole of Iraq and a large shortage of basic public services all of which add significant burden on the national economy in light of declining oil revenues and the lack of economic alternatives to compensate the shortfall in oil imports.
The increased al-Asadi said: logical that there be fear of the repercussions of the collapse of oil prices, which is par excellence the Iraqi budget President supplier, pointing out that the most important topic that reflected negatively on the overall activities of the private sector is Ptlka State in fulfillment of its financial obligations to the private sector .
He described the projects contained curriculum investment stop is legitimate in the circumstances of the war that the country is experiencing.
The lack hundreds benefits exchange, if not thousands of contractors implementing the work led to the creation of unemployment for thousands of workers and led to the loss of thousands of contractors contracted with the state of their capital and even bankruptcy, which reflected negatively on the national economy and the citizens in general.
He concluded Asadi his speech by saying: that the construction sector in particular is linked to all the small and medium entrepreneurship sectors as well as commercial running of millions of Iraqi manpower, especially as the lack of access to entitlements companies on time led to that most Iraqi construction companies unable to pay its employees months ago and is unable to fulfill its financial obligations to subcontractors of professionals and merchants.
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5/7/2015 0:00
BAGHDAD
called economic expert Hassan al-Asadi to the need to resort to the banks and major financial institutions to request loans deadlines medium (5-10) years to address the financial situation in Iraq, especially after the decline in financial income from the export of oil crude, as well as the urgent need to develop new economic strategies and apply them to come out in a better position.
He said that such loans will refresh in real time the Iraqi economy through the payment of the state debt to the private sector and in particular the construction sector, which will revive the construction sector, which will support turn a large section of workers and On the other hand will lead to the completion of stalled projects, which are at an advanced proportions and puts them in the service to benefit the citizen and the state at the same time.
It was suggested that al-Asadi repay the debt the current state of the contractors by can not help the case for projects and payments to contractors and companies taking advantage of previous experience in this area and given a choice of wills companies continue the remaining part of the work in a way payment on credit or payment facilitator as possible. Noting that it represents a real-time processors for Purchases State needs of the basic materials needed by Iraq, whether industrial or agricultural or service-or food.
He added that such loans and the areas of investment to serve the citizen certainly would avoid Iraq discontent of those who wish to raising them enemies of the homeland and exploit the abuse of the state and the government and achievements achieved.
He went to the unexpected and work on them with all seriousness and concentration and not be neglected in this delicate situation which is going through Aalbuld especially the risk that the loss of jobs due to the project stopped.
He said al-Asadi urgent need to develop new economic strategies and apply them to Iraq come out in a better position than his economic current and can stand up and withstand the hostile designs long-term.
He said the major economic problems is relying on a single source of income which is oil ... Add to disguised unemployment significantly, where we have more than 4 million government employees, a number may not exist in the countries of Nfosha four and five times the population of Iraq Add to that administrative corruption with routine and bureaucracy inherited from totalitarian systems economically and politically for decades long financially and corruption to thrive result mainly of administrative corruption ... formed all major cause continuous waste of people's money and the state.
He said al-Asadi The other problems can be summarized that Iraq has become an incubator for environment repulsive for private investment and the most important aspect in this repulsive environment is the banking system in Iraq, which is closer to the non-existence does not serve the industrial, agricultural, political and service sectors and does not serve even with medium and small class actions.
He said we have to put in our calculations solutions for large problem we face now and in the foreseeable future after he defeated Daash a reconstruction of the affected areas and to address the deterioration of the infrastructure is not in the occupied territories of Daash but in the whole of Iraq and a large shortage of basic public services all of which add significant burden on the national economy in light of declining oil revenues and the lack of economic alternatives to compensate the shortfall in oil imports.
The increased al-Asadi said: logical that there be fear of the repercussions of the collapse of oil prices, which is par excellence the Iraqi budget President supplier, pointing out that the most important topic that reflected negatively on the overall activities of the private sector is Ptlka State in fulfillment of its financial obligations to the private sector .
He described the projects contained curriculum investment stop is legitimate in the circumstances of the war that the country is experiencing.
The lack hundreds benefits exchange, if not thousands of contractors implementing the work led to the creation of unemployment for thousands of workers and led to the loss of thousands of contractors contracted with the state of their capital and even bankruptcy, which reflected negatively on the national economy and the citizens in general.
He concluded Asadi his speech by saying: that the construction sector in particular is linked to all the small and medium entrepreneurship sectors as well as commercial running of millions of Iraqi manpower, especially as the lack of access to entitlements companies on time led to that most Iraqi construction companies unable to pay its employees months ago and is unable to fulfill its financial obligations to subcontractors of professionals and merchants.
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