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D. James Baldwin: the federal budget needs to be given greater weight of the economic importance of social
25/01/2012
Invited to benefit from the experiences of other countries
BAGHDAD - Fulayyih Heidar al-Rubaie
Stressed are interested in the economic importance of identifying the aspects of spending in public budgets and direct it toward the implementation of specific projects annually and ensure achievement of the goals of development to achieve greater economic progress of the country, stressing the need for the tracking the government after some of the countries that have preceded us in the transition towards a market economy and that girl their balance sheets according to the imperatives of development and needs to have the maximum of the citizens, stating the example of Malaysia, which they said they proceeded with the allocation of four aspects of the giant carried out in the budget each year and is working to adapt aspects of the budget and the other as somewhat towards the achievement of these strategic goals.
With caution, many observers of the danger of relying exclusively on oil revenues in project implementation and support of public budgets and provide financial liquidity of the country, said an economic expert and teaching in the Faculty of Economy and Administration Mustansiriya Dr. Wafa James Baldwin that since 2006, we see that the general budget of the country give weight where social great importance at the expense of economic weight, which warned him to James Baldwin, calling him the great error which can lead to paralysis of many other productive areas, especially agricultural and industrial sides.
The expert said during her speech (morning) on the sidelines of a conference organized by the Iraqi Centre for economic reform and discussed the expenditure budget: There is an ongoing debate in the corridors of the research center and within the universities, specialized on the types of budgets, especially budgets surface which is very difficult to apply this type, including in Iraq there are many challenges to implementation, particularly with regard to providing a huge database, information and statistics of the size of human resources qualified to manage such budgets, which requires the makers country's economic policy closer to more of the States that have preceded us in the process of transition towards a market economy, and to identify the measures adopted by the in the process of transformation, and the quality of the reform, which she did in their balance sheets, the memory of Malaysia as an example, which confirmed that it sought to reform its public budget and financial management, according to the specific targets are set each year and shall not exceed in any way with four goals strategy seeks to achieve by extension of the budget in one year, noting that the plan ensure that the aspects of dispersion of spending in public budgets after selecting certain programs are working to achieve them, as planned.
Demanded James Baldwin need to get close to those that preceded the Iraq in the transition to a market economy, the transition to the kind of economy is the lowest cost possible through the adoption of the budget managed in accordance with the objectives of the interim until the completion of infrastructure construction in the preparation of budgets, selection, calling for the importance of determining the type of budget and its priorities according to criteria of economic efficiency and the principle of the productivity of public expenditure, emphasizing the inadmissibility of the allocation of public expenditures without relying on those principles, which said it is necessary to revive located development and economic growth in Iraq in general as well as the need to adopt standards for evaluating public spending, noting that this will ensure the approach scientifically developed to manage the budget.
The Cabinet approved the draft budget in 2012 amounting to $ 100 billion, equivalent to 117 trillion Iraqi dinars.
And suffer the budget as the preliminary data from a deficit of 17 trillion dinars, the equivalent of 14.5 billion dollars.
Has adopted the budget on the calculation of the average default price for a barrel of oil reached $ 85 per day and the volume of exports of 2.6 million barrels.
And got on the investment projects accounted for 35 percent of the volume of the general budget of the country, acquired while the rest of the sectors, particularly the operating budget for the remaining ones.
And hinted James Baldwin to the general budget for Iraq for the current year started from some of the principles and objectives adopted by the National Development Plan for the years 2010-2014 and the strategy of poverty alleviation, stressing that the development plan adopted in turn, investment policy was the growth is balanced, and gave the oil sector, the role of driving for four years, followed by the electricity sector, pointing out that those principles have focused on the importance of providing all the possibilities for the oil sector and prepare it and increase its energy to be able later to exploit the size of its revenue in the reform of other sectors in Mekdtha the electricity sector, according to the said James Baldwin said, and without oil revenues, reform the energy sector and electricity in particular can not be be no agriculture or industry, or to move human development forward, so the development plan and investment policy tends to accentuate the rents of the Iraqi economy through the end of the year 2014 in the hope of moving beyond that date from the unbalanced growth to balanced growth, and then there would be favored for agriculture and industry in achieving the goals of sustainable development.
Regarding the role of the private sector and the possibility be given a prominent role in reviving the economic reality in Iraq, said James Baldwin: The budget of 2012 confirmed the role of this sector in the implementation of many projects is that it did not turn ratio and position which make it a sector responsible for financing development in Iraq, compared with the public sector, and James Baldwin found that despite all that, some of the paragraphs of the budget stressed not to give any investment project to foreign companies if the private sector can implement it, and gave clear priority to domestic investment, which it said that the private sector-led clearly.
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25/01/2012
Invited to benefit from the experiences of other countries
BAGHDAD - Fulayyih Heidar al-Rubaie
Stressed are interested in the economic importance of identifying the aspects of spending in public budgets and direct it toward the implementation of specific projects annually and ensure achievement of the goals of development to achieve greater economic progress of the country, stressing the need for the tracking the government after some of the countries that have preceded us in the transition towards a market economy and that girl their balance sheets according to the imperatives of development and needs to have the maximum of the citizens, stating the example of Malaysia, which they said they proceeded with the allocation of four aspects of the giant carried out in the budget each year and is working to adapt aspects of the budget and the other as somewhat towards the achievement of these strategic goals.
With caution, many observers of the danger of relying exclusively on oil revenues in project implementation and support of public budgets and provide financial liquidity of the country, said an economic expert and teaching in the Faculty of Economy and Administration Mustansiriya Dr. Wafa James Baldwin that since 2006, we see that the general budget of the country give weight where social great importance at the expense of economic weight, which warned him to James Baldwin, calling him the great error which can lead to paralysis of many other productive areas, especially agricultural and industrial sides.
The expert said during her speech (morning) on the sidelines of a conference organized by the Iraqi Centre for economic reform and discussed the expenditure budget: There is an ongoing debate in the corridors of the research center and within the universities, specialized on the types of budgets, especially budgets surface which is very difficult to apply this type, including in Iraq there are many challenges to implementation, particularly with regard to providing a huge database, information and statistics of the size of human resources qualified to manage such budgets, which requires the makers country's economic policy closer to more of the States that have preceded us in the process of transition towards a market economy, and to identify the measures adopted by the in the process of transformation, and the quality of the reform, which she did in their balance sheets, the memory of Malaysia as an example, which confirmed that it sought to reform its public budget and financial management, according to the specific targets are set each year and shall not exceed in any way with four goals strategy seeks to achieve by extension of the budget in one year, noting that the plan ensure that the aspects of dispersion of spending in public budgets after selecting certain programs are working to achieve them, as planned.
Demanded James Baldwin need to get close to those that preceded the Iraq in the transition to a market economy, the transition to the kind of economy is the lowest cost possible through the adoption of the budget managed in accordance with the objectives of the interim until the completion of infrastructure construction in the preparation of budgets, selection, calling for the importance of determining the type of budget and its priorities according to criteria of economic efficiency and the principle of the productivity of public expenditure, emphasizing the inadmissibility of the allocation of public expenditures without relying on those principles, which said it is necessary to revive located development and economic growth in Iraq in general as well as the need to adopt standards for evaluating public spending, noting that this will ensure the approach scientifically developed to manage the budget.
The Cabinet approved the draft budget in 2012 amounting to $ 100 billion, equivalent to 117 trillion Iraqi dinars.
And suffer the budget as the preliminary data from a deficit of 17 trillion dinars, the equivalent of 14.5 billion dollars.
Has adopted the budget on the calculation of the average default price for a barrel of oil reached $ 85 per day and the volume of exports of 2.6 million barrels.
And got on the investment projects accounted for 35 percent of the volume of the general budget of the country, acquired while the rest of the sectors, particularly the operating budget for the remaining ones.
And hinted James Baldwin to the general budget for Iraq for the current year started from some of the principles and objectives adopted by the National Development Plan for the years 2010-2014 and the strategy of poverty alleviation, stressing that the development plan adopted in turn, investment policy was the growth is balanced, and gave the oil sector, the role of driving for four years, followed by the electricity sector, pointing out that those principles have focused on the importance of providing all the possibilities for the oil sector and prepare it and increase its energy to be able later to exploit the size of its revenue in the reform of other sectors in Mekdtha the electricity sector, according to the said James Baldwin said, and without oil revenues, reform the energy sector and electricity in particular can not be be no agriculture or industry, or to move human development forward, so the development plan and investment policy tends to accentuate the rents of the Iraqi economy through the end of the year 2014 in the hope of moving beyond that date from the unbalanced growth to balanced growth, and then there would be favored for agriculture and industry in achieving the goals of sustainable development.
Regarding the role of the private sector and the possibility be given a prominent role in reviving the economic reality in Iraq, said James Baldwin: The budget of 2012 confirmed the role of this sector in the implementation of many projects is that it did not turn ratio and position which make it a sector responsible for financing development in Iraq, compared with the public sector, and James Baldwin found that despite all that, some of the paragraphs of the budget stressed not to give any investment project to foreign companies if the private sector can implement it, and gave clear priority to domestic investment, which it said that the private sector-led clearly.
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