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Economic reform aims to make expenditures in harmony with revenue
10/28/2015 0:00
Baghdad Imad emirate
said economist d. Qusay al-Jabri that he could look at economic reform as a package of policies that work to make local expenses consistent with the available resources, and through finding a consensus between the financial, monetary and trade policies and exchange rate to ensure a holistic request fits and composition of the display
overall.
He said in Speaking »Sabah»: that it requires the adoption of measures working to stimulate the sectors of goods and services as well as the adoption of policies aimed at improving efficiency in the use of resources by removing distortions in prices and promote competition and ease of control
and administrative.
and then restore fiscal balance internally and externally, and the reduction of inflationary pressures, removal and strengthen the balance of payments and to restore Alantmaiah merit that measures to ensure the sustainable growth to reduce unemployment require as well as economic stability and reforms aimed at improving the allocation of resources and raise efficiency in the medium and long term policies.
hinted Jabri to the possibility of classification reform programs in terms of economic nature to economic and macroeconomic partial reforms, either in terms of policies are classified into demand-side policies and other supply-side, and in terms of the length of time they are classified as short-term policies long and another
term.
He argued: but is common in economic circles these programs are classified into two packages installation programs or stability economic, referring to the internal factor for government action on Reform within the state and is intended creating a state of stability in the economy,
national.
He pointed out that structural adjustment programs point to achieve external balance in terms of impact on exchange rates and the deterioration of the terms of exchange
trade.
So you should focus on economic stabilization term and structural adjustment addressed by the Fund and the Bank's policies of international.
and between Jabri The responsibility for these programs in the design, preparation and follow-up rests with the International Monetary Fund and be of jurisdiction where the fund is interested in the ideas of economic stabilization and procedures in developing countries, the occurrence of these ideas in the context of functional tasks.
and supports the design of these programs Neoclassical theory of the balance of payments, which are based on the link between debt accumulation and problems of pluralism necessary in the structure of the economy to adjust the balance of payments and public budget analysis. Adding that it contributes to the preservation of the local currency value of degradation, and to this end are relying on control in aggregate demand (investment and consumption) is working to reduce it and make it balanced, with gross domestic product to reach the economic stability in the short term.
He concluded Jabri to say: Ban economic stabilization programs defined as the package of measures aimed at removing the imbalance between the total domestic supply and domestic demand policies. And the consequent disruption of the balance of payments deficit and the rise in the general level of prices where those policies seeking to induce a state of conciliation between available resources and needs and reduce the pressure on domestic price levels.
Among It includes a range of measures contribute to address the multiple economic imbalances such as the deficit in the the balance of payments and budget deficits and the deterioration of the national currency and inflation value, by reducing aggregate demand and make it balanced, with gross domestic product (supply and demand balance) and called these policies or actions the policies of demand management being concerned with the management of domestic demand so that it corresponds with the gross domestic product and resource flows from
abroad .
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