Economist The government’s tendency to diversify Iraq’s financial imports is "a good late step"
08/12/2017


Economic Affairs Specialist count haven, directed towards the diversification of Government and state income and reduce its reliance on oil exports in support of the General annual budget 95% to 85% is a good step, but it’s too late after that terrible Iraq budgets were dashed during more than a decade ago.


He said in a press statement that "planning and enacting laws and issue commands and controls and support non-oil productive sectors was a called observers and economists since 2005 until now, now that weak procedures and lack of rational plans caused by previous years budgets waste on useless investment projects, mostly funds went into the pockets of corrupt,

noting that Iraq’s agriculture investment and developed using modern methods of agriculture and irrigation and improved seeds and land reform and support for workers in the private sector produces an excellent income may constitute 20% of the overall budget especially if you steer agricultural production for export surplus of it to self-sufficiency and reduce the import of agricultural products with the development of the food industry and industries that depend on agricultural products as raw materials such as cotton, wool, leather, etc.


The Secretary stressed that "ignoring the private industrial sector over the past years encouraged the import and exit of national currency to import countries, disciplines and procedures through the years did not encourage, for example, owners of sewing machines recycling neglects this vital sector which he covers need Iraq during the 1990s and replaced by importing all market needs from neighboring countries as well as the electrical and electronic industries.


He noted that "support for the private industrial sector and restore his standing could make 10% of the general budget revenue and opens broad opportunities for action to eliminate unemployment plaguing the country, adding that the tourism sector both archaeological or recreational or religious can form a big number exceeds 15% of protections bestowed imports if used scientifically thoughtfully, as in the case of States which characterized the benefits as Iraq from having religious shrines and monuments and tourist areas."


He said the Government should accelerate the implementation of plans to involve other economic sectors producing income through investments and enacting laws issuing checks and support employees in these sectors, that oil prices could deteriorate in coming years by market fluctuations and shale oil production increased by to go to clean energy production reduces industrial States on oil as the main source of energy.

http://www.imn.iq/archives/185632