8/9/2015 0:00
BAGHDAD
said the Academy d. Enam more from the Faculty of Management and Economics at the University of Mustansiriya: The follow-up relative importance of the oil revenues of the total federal budget reflects the importance of the role of oil exports in the financing of development in Alarac.oadavc in an interview for »Sabah» that follow crude oil production rates broken down by Iraqi provinces reflects us the importance and role-producing provinces of crude oil and the extent of its contribution to the financing of development in Iraq in conjunction with the degree of development and development reality and the nature of the services provided
to Scanha.ookdt this fact that can be observed through the continuation of structural occupation chronic in the Iraqi economy and devote character of rent-seeking and the urgent need to diversify sources of income also reflects the degree Iraqi budget's reliance on a number of provinces responsible for oil production in which the Basra come first place in terms of oil production and the province of
Kirkuk. And he wondered d. Enam: Are you associated with producing provinces of crude oil and contributing to the provision of federal budget revenues is a direct relationship Dalia level of development and living conditions of the population and the quality of services provided to them and the quality of their lives? And in particular that the positive relationship is an economic necessity from the perspective of the principle of sustainability as long as those provinces have a comparative advantage in depleting resource production, which requires According to the economic base for sustainable development to convert natural capital to physical capital generator of income through development activities for the current generation rights guarantee and generations
Kadmh.opent need to reconsider the oil from the national wealth angle because the earned income from oil is Revenue from sale of part of the national wealth, whether embodied in fixed investment or in addition to the stockpiling of the commodity or in the acquisition of foreign assets, in contrast, the loss of national wealth is the savings minus and thus necessary oil to the provinces to adopt the resulting expense (income on a second, along with accounts currently approved system and on the basis of national national income) is equal to consumption plus the change in wealth, or the oil extracted value of the poses of the national income is equal to the government and private consumption + saving.
She d. Enam that when the total saving less than the oil extracted value of the national income is reduced in this sense, and besides this indicator wealth scale depends to follow the developmental achievement in the sense that the annual rate of development is equal to national wealth growth rate which is oil, gas and minerals recoverable wealth plus fixed capital and commodity inventory with the addition of the change in the international financial center of Iraq. And he wondered d. Enam: Is oil provinces were able to change in the value and composition of fixed capital, including work on the development of their productive sectors and achieve sustainability? Is oil-producing provinces able to achieve economic and social development, including reducing the number of people without them?
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