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8/30/2015 0:00
in the days of the ordeal was the dollar represents a barometer to measure the economic performance in the country and everything was linked to this Green Paper, its price rises and falls in several times per day and in every high and low lose people and win others, Iraqis had know who is hidden fingers practiced this game in order to sabotage the economy on the one hand, and bring more haraam wealth no man's land at the expense of the poor and disadvantaged, and those policies have caused Pthaoa value of the dinar to the level of the gutter after that the dollar value of three per surpassed thousand dinars, was the solution on that resort to printing massive amounts of currency We saw a burning process after the fall of the former regime.
After 2003, monetary, financial and economic policy succeeded to return something of value and prestige of the dinar largely remained maintains its level over the past years, many economists felt that the high value of the dinar and stability when a certain threshold is a positive indicator of the that the country is in a state of economic stability .. but in fact it was this fragile stability, ostensibly because he was and still relies almost exclusively on oil by up to 95 percent, and oil prices rose unexpectedly exceeded 120 dollars per barrel was the money comes to us with (kosher), as they say, but we did not make use of those funds, which amounted to 624 billion dollars, Vonfguenaha about was not successful, and here I am talking about the investment side, and was the inclusion of thousands of investment projects, the government has not been able to accomplish most of them, for two reasons; The first is to disperse the huge amounts of money on that very many projects, and therefore those funds dissipated without achieving the desired results for the sectors of dilapidated development originally was the idea at the time that the direct investment budget by sector; the sense to allocate funds towards a particular sector, job by the rehabilitation of the agriculture sector, for example, then after the turn to the industrial sector and all other sectors, not forgetting energy, both oil and electricity as drivers for wheel development sector. But the problem is that this proposal was not accepted to remain the case as it is. The other reason is corruption, which strongly hit government investment projects map, and this was clearly evident through the large lag in implementation as a result of referral of projects to contractors and companies that are not efficient but played suspicious relations by obtaining those Contracting result was the disbursement of funds without the completion of projects.
Today With the continued decline in oil prices, which observers expect his arrival at the $ 30 a barrel, we are facing a real crisis, if the budget in 2015 was built on the price of $ 56 a barrel, extending oil then falling until it reached to below forty dollars for the Iraqi oil, meaning that the deficit in Budget exacerbated by about dangerous, especially with the continued battle against terrorism and the need to secure its requirements and securing salaries? How it will be the case in the next year's budget in 2016? The Ministry of Planning has proposed its part, delete 296 investment projects of the projects is necessary to postpone the project for 2169, while soft to provide about 48 trillion dinars for the budget next year. But is this procedure with other reform measures the government would solve the economic crisis? Yes these measures will ease a little of the crisis. But we need to activate the other sectors in the medium term by offering investment opportunities or projects financed on credit. The near-term solution lies in the doubling of oil production to compensate for low prices and a quick search for other processors, even when soft. Iraqi and mind is able to find a solution and get out of the bottleneck. (Achtda Tnmishqi crisis .. been authorized Lilac Balbalij).
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8/30/2015 0:00
in the days of the ordeal was the dollar represents a barometer to measure the economic performance in the country and everything was linked to this Green Paper, its price rises and falls in several times per day and in every high and low lose people and win others, Iraqis had know who is hidden fingers practiced this game in order to sabotage the economy on the one hand, and bring more haraam wealth no man's land at the expense of the poor and disadvantaged, and those policies have caused Pthaoa value of the dinar to the level of the gutter after that the dollar value of three per surpassed thousand dinars, was the solution on that resort to printing massive amounts of currency We saw a burning process after the fall of the former regime.
After 2003, monetary, financial and economic policy succeeded to return something of value and prestige of the dinar largely remained maintains its level over the past years, many economists felt that the high value of the dinar and stability when a certain threshold is a positive indicator of the that the country is in a state of economic stability .. but in fact it was this fragile stability, ostensibly because he was and still relies almost exclusively on oil by up to 95 percent, and oil prices rose unexpectedly exceeded 120 dollars per barrel was the money comes to us with (kosher), as they say, but we did not make use of those funds, which amounted to 624 billion dollars, Vonfguenaha about was not successful, and here I am talking about the investment side, and was the inclusion of thousands of investment projects, the government has not been able to accomplish most of them, for two reasons; The first is to disperse the huge amounts of money on that very many projects, and therefore those funds dissipated without achieving the desired results for the sectors of dilapidated development originally was the idea at the time that the direct investment budget by sector; the sense to allocate funds towards a particular sector, job by the rehabilitation of the agriculture sector, for example, then after the turn to the industrial sector and all other sectors, not forgetting energy, both oil and electricity as drivers for wheel development sector. But the problem is that this proposal was not accepted to remain the case as it is. The other reason is corruption, which strongly hit government investment projects map, and this was clearly evident through the large lag in implementation as a result of referral of projects to contractors and companies that are not efficient but played suspicious relations by obtaining those Contracting result was the disbursement of funds without the completion of projects.
Today With the continued decline in oil prices, which observers expect his arrival at the $ 30 a barrel, we are facing a real crisis, if the budget in 2015 was built on the price of $ 56 a barrel, extending oil then falling until it reached to below forty dollars for the Iraqi oil, meaning that the deficit in Budget exacerbated by about dangerous, especially with the continued battle against terrorism and the need to secure its requirements and securing salaries? How it will be the case in the next year's budget in 2016? The Ministry of Planning has proposed its part, delete 296 investment projects of the projects is necessary to postpone the project for 2169, while soft to provide about 48 trillion dinars for the budget next year. But is this procedure with other reform measures the government would solve the economic crisis? Yes these measures will ease a little of the crisis. But we need to activate the other sectors in the medium term by offering investment opportunities or projects financed on credit. The near-term solution lies in the doubling of oil production to compensate for low prices and a quick search for other processors, even when soft. Iraqi and mind is able to find a solution and get out of the bottleneck. (Achtda Tnmishqi crisis .. been authorized Lilac Balbalij).
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