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Anger: 100 billion dinars for the support of state-owned enterprises
08/11/2012 0:00
To enable them to compete and activate the mechanisms of production has
BAGHDAD - Haider Filaih Rubaie
Iraq is seeking to bring a significant change in his map of economic by switching the actual policy of the open market, which begins, according to many involved in through the gate of private sector development, and rehabilitation of the form in which it can compete with imported product, at a time by which the many international economic organizations on the need to activate the production capacity in Iraq and reduce the near total dependence on oil imports to support the budgets of the country, the president of the advisers in the Prime Minister announced the launch effectively in the privatization of a number of companies owned of the state, pointing out that a team from the United Nations and the World Bank in collaboration with the advisory board has developed a roadmap for the restructuring of state-owned enterprises.
said Thamer Ghadban in an interview he made to (Center Brief for the Iraqi Media Network): The agency has earmarked from this year's budget $ 100 billion Iraqi dinars for the support of state-owned enterprises, indicating that the arrangements had been made with the Ministry of Finance and a number of nominated companies, including companies affiliated to the ministries of housing and construction, water resources and industry, "in this regard.
He Ghadhban that "the advisory, which was adopted by the Commission to evaluate the assets will help companies in the development of studies and plans to turn it from loss-making companies to companies more capable and have the ability to grow and develop until the turn into joint-stock companies. "
It is estimated that economic experts that what percentage of 80-90 percent of the total state-owned enterprises dependent on the work almost entirely, and that 30 percent of this percentage of companies and factories stopped completely due to a variety of barriers to their growth and achieved a profit of financial experts attribute the reasons for stops of those companies and factories to the policy of dumping suffered by Iraq several years ago, which led to a decline in the ability of those companies to compete with foreign product imported, although experts believe that the reduction in the performance of those companies return to a policy of dumping, the industrialists say that stop production of the Iraqi naughty private and government revenue class basis to a decline in processing power, which has become cost large sums of money, stating that the high production costs led to stop industrial projects and thus the control of the importer on the domestic market completely. According to chairman of the consultants that state companies suffer from foot technology and modern management methods and surplus labor, indicating that the Authority is seeking to reorganize companies so that they could deal with new technology and the ability to manage capital by subscription with private companies and Iraqi employees of the companies themselves.
and Ghadhban that the plan was prepared in conjunction with the preparation of map of the restructuring of state-owned companies to deal with surplus labor include the rehabilitation of the bulk of them in order to thrown in the institutions of other government, as will be referred those with older age them to retire voluntarily, while Saivhb the other part to the local private sector that the State bears the exchange half their salaries for two years by the budget law.
indicate specialized reports that the performance of the Iraqi economy is still under the control of oil production and price volatility in global markets, while an oil economy, more than 58 percent In 2010, in the absence of productive diversification great, the expectations of a continued decline in gross domestic product, the non-oil will remain in place, and statistics show that this decline in the GDP reached in 2010 nearly 42 percent, and will reach to nearly 38 percent in 2014, due Specialists This slight improvement to the speed expected in the development of oil fields that have been for it to conclude a good number of contracts with international companies, but the reports as indicating that the improvement it at the same time criticizing the decline in the performance of other productive sectors, particularly industrial and attributed the reason for this decline to the absence of plans strategy to revive the reality of Iraqi industries productivity, especially government, and this can play a roadmap restructuring state-owned enterprises.
The project restructuring state-owned enterprises on the rehabilitation of nearly 192 state-owned company by turning them into joint stock companies, or mixed, and seek to create an economic environment enables the private sector to expand and re-competitiveness of state-owned enterprises and encouraging them to achieve self-employment.
At the time expressed by many specialists in the economic fears of the limited success of the project and the possibility of dispensing with a number of workers in these companies, showed a map of restructuring that took place (morning ), a copy of the success of the project is to accelerate the transformation of state-owned enterprises to contribute and then moving to the open market, which will broaden the stock market and will allow all Iraqis to participate in the economy as owners and then increase the contribution and inject capital.
The head of the team restructuring Adviser in the Prime Minister Dr. Abdul Hussein Al-Anbuge mentioned (morning) that the map purported to what he called the (negative social impact) in the process, which he said will continue five years, pointing out that based on mapping stressed the importance of the distribution of workers in those companies and redundant work the rest of the institutions and government departments that are in need of their services, or through the granting of wishing them rights to pensions, even before they reach legal age.
He Anbuge that the road map restructuring state-owned enterprises is a major project intended to rehabilitate nearly 192 companies belonging to the state, employing nearly 800 thousand employees, which are mostly companies stalled and do not work only card 15 percent of its production capacity, and there is a large part of those companies depends almost entirely.
explaining that the map is working Bashqan includes the first qualification of these companies according to economic criteria advanced and improving their performance as the best, in part The second is a quest to turn these companies are not allowed survival of a State is the sole owner, but it allows the private sector to own property is then converted into joint stock companies and allowing people to buy their shares.
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