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Flags of Member States in the "Economic and Social Commission for Western Asia ESCWA"
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Samira Ali Mandi
29/08/2012
Economists downplayed the importance of numbers and projections contained in the report of the Economic and Social Commission for Western Asia (ESCWA) of the United Nations, which talked about the high rate of growth in Iraq during the current year to reach 10.5%. The report pointed out that oil revenues maintained a high level in light of the "Arab Spring, which led to the creation of growth poles apart two of the Petroleum Exporting Countries for the rest of the ESCWA region."
Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh described the UN report as significant too that bears the economic realities, pointing out that "Iraq if stabilized conditions of security and continued export of oil, will succeed in achieving the highest growth rates and investment and will become commander of the energy in the oil market."
The UN Commission predicted in its latest report, the growth rate to be in the Gulf 4.5% In Iraq 10.5%, while most of the countries of the region will not exceed the growth rate of 0.8%.
Economic Consultative expert short-Ala believes that these rates and numbers contained in the report of the UN Committee does not represent the Iraqi reality, which is still suffering economically as long as deficit depends on oil imports, and surprised short compared to Iraq with sophisticated Gulf countries witnessing since years a stable economy.
However, the appearance of Mohammed Salih, Deputy Governor of the Central Bank in accordance with the ESCWA report, expressing optimism about high rates of growth in 2013 to be a decisive year in the field of development and to increase the share of the Iraqi citizen of the GDP of $ 4,000 to $ 6,000 annually.
Attorney Haytham Jubouri, a member of the Finance Committee in the Iraqi Parliament does not deny that the growth rates that came in the UN report on the volume of oil production and oil prices, are real, but high growth rates offset by an increase in expenses of the Iraqi state and this negative index according to his opinion, and expressed hope that does not exceed increase in expenditure growth rates.
For his part, does not exclude a professor of economics at the University of Mustansiriya Dr. Abdul Rahman al-Mashhadani, the high growth rates exceeding 12%, but does not reflect the real economic growth in the country, which depends mainly on the oil sector and not on agriculture, industry and other economic sectors.
Mashhadani confirms that Iraq has not seen the development of the fact the state has been unable to provide even the most basic services to its citizens, despite huge budgets.
It is noteworthy that ESCWA comprises 14 Arab countries of the states west of Asia, are: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, the United Arab Emirates. ESCWA report showed the latter, that the unemployment rate in this region is the highest in the world.
Noteworthy that Iraq was launched in the month of May of 2010 Five-Year National Development Plan 2010-2014, and the plan aims to reduce disparities and barriers between urban and rural areas and the creation of infrastructure and the provision of social services and job creation.
And the Attorney Haitham Jubouri, a member of the Finance Committee in the Iraqi parliament to reduce state spending is a big challenge in front of the Iraqi economy and the Iraqi state, pointing out that the parliamentary Finance Committee will continue to work to reduce expenses in the budget in 2013.
Contributed to the preparation of Radio Free Iraq correspondent in Baghdad, Mohamed Karim ..
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Share:
Flags of Member States in the "Economic and Social Commission for Western Asia ESCWA"
THE SIZE OF TEXT CHARACTERS- +
Samira Ali Mandi
29/08/2012
Economists downplayed the importance of numbers and projections contained in the report of the Economic and Social Commission for Western Asia (ESCWA) of the United Nations, which talked about the high rate of growth in Iraq during the current year to reach 10.5%. The report pointed out that oil revenues maintained a high level in light of the "Arab Spring, which led to the creation of growth poles apart two of the Petroleum Exporting Countries for the rest of the ESCWA region."
Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh described the UN report as significant too that bears the economic realities, pointing out that "Iraq if stabilized conditions of security and continued export of oil, will succeed in achieving the highest growth rates and investment and will become commander of the energy in the oil market."
The UN Commission predicted in its latest report, the growth rate to be in the Gulf 4.5% In Iraq 10.5%, while most of the countries of the region will not exceed the growth rate of 0.8%.
Economic Consultative expert short-Ala believes that these rates and numbers contained in the report of the UN Committee does not represent the Iraqi reality, which is still suffering economically as long as deficit depends on oil imports, and surprised short compared to Iraq with sophisticated Gulf countries witnessing since years a stable economy.
However, the appearance of Mohammed Salih, Deputy Governor of the Central Bank in accordance with the ESCWA report, expressing optimism about high rates of growth in 2013 to be a decisive year in the field of development and to increase the share of the Iraqi citizen of the GDP of $ 4,000 to $ 6,000 annually.
Attorney Haytham Jubouri, a member of the Finance Committee in the Iraqi Parliament does not deny that the growth rates that came in the UN report on the volume of oil production and oil prices, are real, but high growth rates offset by an increase in expenses of the Iraqi state and this negative index according to his opinion, and expressed hope that does not exceed increase in expenditure growth rates.
For his part, does not exclude a professor of economics at the University of Mustansiriya Dr. Abdul Rahman al-Mashhadani, the high growth rates exceeding 12%, but does not reflect the real economic growth in the country, which depends mainly on the oil sector and not on agriculture, industry and other economic sectors.
Mashhadani confirms that Iraq has not seen the development of the fact the state has been unable to provide even the most basic services to its citizens, despite huge budgets.
It is noteworthy that ESCWA comprises 14 Arab countries of the states west of Asia, are: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, the United Arab Emirates. ESCWA report showed the latter, that the unemployment rate in this region is the highest in the world.
Noteworthy that Iraq was launched in the month of May of 2010 Five-Year National Development Plan 2010-2014, and the plan aims to reduce disparities and barriers between urban and rural areas and the creation of infrastructure and the provision of social services and job creation.
And the Attorney Haitham Jubouri, a member of the Finance Committee in the Iraqi parliament to reduce state spending is a big challenge in front of the Iraqi economy and the Iraqi state, pointing out that the parliamentary Finance Committee will continue to work to reduce expenses in the budget in 2013.
Contributed to the preparation of Radio Free Iraq correspondent in Baghdad, Mohamed Karim ..
[You must be registered and logged in to see this link.]
