Home
Mr. Adel Abdul Mahdi, proposes to change the consideration of the budget and use it to bring about reform
August 10, 2015 1:09
Oil Minister Adel Abdul-Mahdi proposed change to consider the budget and use it to bring about reform, the state bear the operating expenses and the assignment of the bulk of the investment projects to the private sector.
Said Abdul-Mahdi said in a statement today, the basis of the current situation, and to the theory of ideal plans do not put, but to invest is based, including the negative and seek to turn it into a positive, we propose to change the consideration of the budget and use it to bring about reform, to assume the state for operating expenses and the assignment of the greatest of investment projects the private sector, and the country specializes master projects or which does not invest in the private sector, on the basis of reality can be proposed the following to absorb unemployment and get the economy moving.
"The operating budget balance in 2015 is barely sufficient for operating expenses, and propose that the 2016 budget at $ 50 and 3,000 million barrels / day except Kurdistan, adding that spending policy, especially for the layer of staff who is considered marginal propensity to consume their high, ie they spend the greatest of their resources on the necessary ingredients, and this can increase consumer spending that drives the markets.
He said the "duty here that the state encourages farmers on the one hand, and businessmen and investors to establish that address the demand for these goods industries, which will provide aside an investment great restores money consumables to the output circuit and stir employment and public activity, reduces imports and exit of money in this aspect at least ".
He said the spending policy without moving along the production and investment will remain incomplete, so you should think about stimulating investment and could invest the idea of {Council reconstruction}, and configure fund fed from the amounts that exceed the budget estimates above, in addition to that reconstruction Council gives the governor the powers with respect to contracts and assignments and exemptions and import of strategic projects and a large pull the country forward, and financed from the state budget or payment on credit or by providing incentives for older investors, pull the country forward. The Council is headed by the Prime Minister or his deputy, and cooperate with the Planning and Investment Authority.
He said the "starting and lifting barriers and not put barriers and braking, and stop making projects for reasons of form and is of value corruption, such as corruption in the theft and abuse of public money."
He pointed out that all of the offers reward from outside the public sector coupon gets a pension and privileges of a government employee, and the sale of loss-making state enterprises though the dinar, the condition of two things .. First maintain employment or to compensate those who accept, and the second to achieve production rates within a specified period, against which gets type of differentiation to protect its products allow him to compete with the foreign.
He continued in both the allocation of residential areas of the province after the completion of their infrastructure according to urban planning, and then distributed free of charge or at low prices to citizens who do not have a house, and it becomes theirs bond Deed with the completion of the construction according to the specifications in each discipline full agricultural areas of the territory of the State province, and own citizens or corporate revival condition during a period of 3 years, for example, and gives the Title Deed, or a long-term investment of tenure and the right.
He noted that "the promotion of public banks to lend at rates determined by the Board of Construction and the Central Bank proportion to their assets, and the support of private banks and public banks equated with constant pursuit; to qualify and give them incentives to encourage lending and credit policies for the purpose of encouraging investment.
He said that "this is not a substitute for curriculum and plans, they are steps to mobilize society and the masses of reform, and to stimulate economic activity and cross-urgent and non-routine procedures and give quick results."
[You must be registered and logged in to see this link.]
August 10, 2015 1:09
Oil Minister Adel Abdul-Mahdi proposed change to consider the budget and use it to bring about reform, the state bear the operating expenses and the assignment of the bulk of the investment projects to the private sector.
Said Abdul-Mahdi said in a statement today, the basis of the current situation, and to the theory of ideal plans do not put, but to invest is based, including the negative and seek to turn it into a positive, we propose to change the consideration of the budget and use it to bring about reform, to assume the state for operating expenses and the assignment of the greatest of investment projects the private sector, and the country specializes master projects or which does not invest in the private sector, on the basis of reality can be proposed the following to absorb unemployment and get the economy moving.
"The operating budget balance in 2015 is barely sufficient for operating expenses, and propose that the 2016 budget at $ 50 and 3,000 million barrels / day except Kurdistan, adding that spending policy, especially for the layer of staff who is considered marginal propensity to consume their high, ie they spend the greatest of their resources on the necessary ingredients, and this can increase consumer spending that drives the markets.
He said the "duty here that the state encourages farmers on the one hand, and businessmen and investors to establish that address the demand for these goods industries, which will provide aside an investment great restores money consumables to the output circuit and stir employment and public activity, reduces imports and exit of money in this aspect at least ".
He said the spending policy without moving along the production and investment will remain incomplete, so you should think about stimulating investment and could invest the idea of {Council reconstruction}, and configure fund fed from the amounts that exceed the budget estimates above, in addition to that reconstruction Council gives the governor the powers with respect to contracts and assignments and exemptions and import of strategic projects and a large pull the country forward, and financed from the state budget or payment on credit or by providing incentives for older investors, pull the country forward. The Council is headed by the Prime Minister or his deputy, and cooperate with the Planning and Investment Authority.
He said the "starting and lifting barriers and not put barriers and braking, and stop making projects for reasons of form and is of value corruption, such as corruption in the theft and abuse of public money."
He pointed out that all of the offers reward from outside the public sector coupon gets a pension and privileges of a government employee, and the sale of loss-making state enterprises though the dinar, the condition of two things .. First maintain employment or to compensate those who accept, and the second to achieve production rates within a specified period, against which gets type of differentiation to protect its products allow him to compete with the foreign.
He continued in both the allocation of residential areas of the province after the completion of their infrastructure according to urban planning, and then distributed free of charge or at low prices to citizens who do not have a house, and it becomes theirs bond Deed with the completion of the construction according to the specifications in each discipline full agricultural areas of the territory of the State province, and own citizens or corporate revival condition during a period of 3 years, for example, and gives the Title Deed, or a long-term investment of tenure and the right.
He noted that "the promotion of public banks to lend at rates determined by the Board of Construction and the Central Bank proportion to their assets, and the support of private banks and public banks equated with constant pursuit; to qualify and give them incentives to encourage lending and credit policies for the purpose of encouraging investment.
He said that "this is not a substitute for curriculum and plans, they are steps to mobilize society and the masses of reform, and to stimulate economic activity and cross-urgent and non-routine procedures and give quick results."
[You must be registered and logged in to see this link.]
