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Planning: a tendency to develop the sources of the Iraqi economy according to three determinants

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Planning: a tendency to develop the sources of the Iraqi economy according to three determinants

Economie Yesterday, 20:28
Baghdad - INA - Abdul Amir responded

, today, Thursday,
the Ministry of Planning revealed a move to prepare a five-year development plan for the development of the Iraqi economy, while indicating that

there is a trend towards developing the country's economic resources according to three determinants.

The ministry's spokesman, Abdul-Zahra Al-Hindawi, told the Iraqi News Agency (INA), that

"the ministry is preparing to prepare new five-year development plans for the next five years," noting that

"this plan will take into account all the challenges and changes and what is related to the
    economy, energy and food."  Al-Hindawi added,

"The trend now is towards

    developing the sources of the economy and

    activating the agricultural sector according to modern methods in agriculture and

    rationing water use with regard to agriculture in particular, to ensure the sustainability of water sources in a way that secures the country's need for human and agricultural consumption," stressing that

"we are heading towards achieving food security." and self-sufficiency in Iraqi agriculture.  He explained,

"The Corona pandemic affected the country's economy negatively, and caused a state of economic downturn in Iraq and the world, which disrupted the state of economic growth planned within the development plans."  He stressed,

"The failure to achieve growth will pave the way for a state of decline in the rates of economic reality, which will directly affect the livelihood of the individual, in addition to the fact that

the decline in oil prices during the past two years 2020 and 2021 greatly affected Iraq, whose economy depends mainly on oil, which was negatively reflected." on projects, and the impact on job opportunities and others, all of which are factors that affected the living life of the Iraqi individual.”  He stated,

"The Iraqi economy is part of the global economic system, and is affected by conditions, including the

    rise in food prices in the global market, as well as

    energy prices, in addition to

    water scarcity, which is a global crisis." He pointed out that


"many countries in the world witnessed an increase in annual inflation rates, such as America, European countries, Turkey, Iran, the Gulf states and some African countries."

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