Find funding windows to double the budget revenues and revive the economy
29/12/2011
Baghdad, Haider al-Rubaie Flaih
He is an economist on the necessity of addressing a number of structural distortions suffered by the body economic in Iraq in general, explaining that the survival of dependence on oil revenues to provide financial liquidity of the budget is the main impediments to sustainable development in the country, did not appear on the expert is more optimism about the height of Iraq's oil exports and increase prices in global markets and which will hopefully be of benefit to the country, he pointed out that Iraq under that provision will remain captive to the volatility that can affect oil prices globally, and this is what happened during the global financial crisis in 2008 which led to the decline in oil prices in world markets and thus have been instrumental in reducing the operational expenditure and investment of the country by reducing the amount of the state budget due to the decline in total imports of the country's finances.
He attributed the teaching in the Faculty of Business and Economics University Mustansiriya Dr. Bakr Ibrahim Speaking (morning) the reasons for the deterioration of some of the joints of the economy to the exclusive oil revenues significantly as the only source to finance the general budget, as well as the deterioration of the industrial sector and agricultural significantly and the absence of state institutions, huge productivity using techniques productivity in the field of modern heavy industry or industries, as well as advanced levels of deterioration of agricultural production and quality.
He noted expert said the collapse of infrastructure is a major cause of the atrophy of some aspects of productivity in the economy, stressing that a strong infrastructure of electricity and safe water, roads and transport and communication means and techniques of production and the other is the fundamental factors, but the governor of the possibility of achieving economic development in Iraq.
Ibrahim urged the need to find quick solutions and radical to eliminate the rampant cases of financial and administrative corruption, which, it is one of the main obstacles that lead to necrosis of the economy from the inside and thus collapse rapidly, as well as the need to settle the high indebtedness of the more external ones, or even internal it is ultimately The final indication of the weakness of the economy of that country and vice versa, especially if accompanied by the case of indebtedness, financial and administrative corruption, which directed that the amounts in other places that have been borrowing for.
Expert urged the importance of giving the private sector a prominent role in the economic process in general, warning of the results of the lack of real role, which can reflect negatively on the move the economic activities in different fields, stressing at the same time to combat the high rate of poverty and unemployment in the community and the percentage according to Another Statistics to 23 percent for poverty and 30 percent for unemployment.
The expert explained that among the causes that led to a decline in the ability of the Iraqi economy is the lack of an appropriate environment for foreign investment as well as not attracting Iraqi funds abroad, noting that although the issuance of foreign investment law, but there are many obstacles that prevent Iqbal investor foreign to Iraq, explaining that the lack of financial and banking network capable of dealing with the latest global developments in this area, including opens prospects for the development of the Iraqi economy, is another factor that could contribute to a decline as investors and international companies and thus weaken the national economy.
He urged Abraham on the importance of providing research centers active in the provision of views and ideas and to develop formulas and new innovations for the development of the Iraqi economy, adding that resolving these problems will help to advance significantly the overall joints of the Iraqi economy, stressing that Iraq has many ingredients that qualify him to be the emerging economies on the the level of the world, contains a lot of natural resources as well as the enormous human resources is classified in the first group at the level of the Arab countries of Algeria to the side where the possession of natural and human resources.
29/12/2011
Baghdad, Haider al-Rubaie Flaih
He is an economist on the necessity of addressing a number of structural distortions suffered by the body economic in Iraq in general, explaining that the survival of dependence on oil revenues to provide financial liquidity of the budget is the main impediments to sustainable development in the country, did not appear on the expert is more optimism about the height of Iraq's oil exports and increase prices in global markets and which will hopefully be of benefit to the country, he pointed out that Iraq under that provision will remain captive to the volatility that can affect oil prices globally, and this is what happened during the global financial crisis in 2008 which led to the decline in oil prices in world markets and thus have been instrumental in reducing the operational expenditure and investment of the country by reducing the amount of the state budget due to the decline in total imports of the country's finances.
He attributed the teaching in the Faculty of Business and Economics University Mustansiriya Dr. Bakr Ibrahim Speaking (morning) the reasons for the deterioration of some of the joints of the economy to the exclusive oil revenues significantly as the only source to finance the general budget, as well as the deterioration of the industrial sector and agricultural significantly and the absence of state institutions, huge productivity using techniques productivity in the field of modern heavy industry or industries, as well as advanced levels of deterioration of agricultural production and quality.
He noted expert said the collapse of infrastructure is a major cause of the atrophy of some aspects of productivity in the economy, stressing that a strong infrastructure of electricity and safe water, roads and transport and communication means and techniques of production and the other is the fundamental factors, but the governor of the possibility of achieving economic development in Iraq.
Ibrahim urged the need to find quick solutions and radical to eliminate the rampant cases of financial and administrative corruption, which, it is one of the main obstacles that lead to necrosis of the economy from the inside and thus collapse rapidly, as well as the need to settle the high indebtedness of the more external ones, or even internal it is ultimately The final indication of the weakness of the economy of that country and vice versa, especially if accompanied by the case of indebtedness, financial and administrative corruption, which directed that the amounts in other places that have been borrowing for.
Expert urged the importance of giving the private sector a prominent role in the economic process in general, warning of the results of the lack of real role, which can reflect negatively on the move the economic activities in different fields, stressing at the same time to combat the high rate of poverty and unemployment in the community and the percentage according to Another Statistics to 23 percent for poverty and 30 percent for unemployment.
The expert explained that among the causes that led to a decline in the ability of the Iraqi economy is the lack of an appropriate environment for foreign investment as well as not attracting Iraqi funds abroad, noting that although the issuance of foreign investment law, but there are many obstacles that prevent Iqbal investor foreign to Iraq, explaining that the lack of financial and banking network capable of dealing with the latest global developments in this area, including opens prospects for the development of the Iraqi economy, is another factor that could contribute to a decline as investors and international companies and thus weaken the national economy.
He urged Abraham on the importance of providing research centers active in the provision of views and ideas and to develop formulas and new innovations for the development of the Iraqi economy, adding that resolving these problems will help to advance significantly the overall joints of the Iraqi economy, stressing that Iraq has many ingredients that qualify him to be the emerging economies on the the level of the world, contains a lot of natural resources as well as the enormous human resources is classified in the first group at the level of the Arab countries of Algeria to the side where the possession of natural and human resources.