Expert: Iraq is heading for a social market economy within the plan that will last until 2030

[yota691]

Expert: Iraq is heading for a social market economy within the plan that will last until 2030

 

 

 

economic  Number of Views: 10 03/18/2017 12:10

 

He unveiled an economic expert and fulfillment of James Baldwin, Saturday, that Iraq is heading for a social market economy, under the new National Development Plan which starts from 2018 and even in 2028, to be the new role of the state to be the development of a social dimension.

He said James Baldwin said the new economic roles of the state for the next phases within the next five years as part of the third national development plan will determine the path and the future of Iraq, which to him is seeking until 2030, where it will be the role of the state guideline and Tashiraa and CEO, in partnership with the national and foreign private sector. "

She continued, that the style of the gradual shift of the responsibilities of the state and entrusted to the private sector would be a way that the gradient and not style shock, because the private sector is now unable to bear the developmental responsibility whole under the active role of the oil sector and its control over most of the development activities in the Iraqi economy, which generates 60% of GDP domestic product. "

[steveh12]

Thank You!!

[Big_J]

[Mask Phantom]

My architect firm. ..should be flourishing very well by year 2030

[Mask Phantom]

And Iraq back on top of things. 

[jeepguy]

8 hours ago, yota691 said:

responsibilities of the state and entrusted to the private sector would be a way that the gradient and not style shock,

mmmmm , not too  shock them ,  " style shock "  {  definition  by me ,  not too  freak every one out ,all at once by having a bank full of cash , and forgetting too go back too work }  but  by doing it slowly ,  that way they can get better pay , and have a greater out look for the weeks coming for a better way of life ...  if every one suddenly  had  loads of  money with a super value ,  it would most likely have a troubling effect on the over all business of Iraq  {   the same will happen here on dinar vets site ,  if the dinar comes out at 3.oo  per   dinar  !  the job sector in the region of dinarvetters will feel the effect  ====   new job openings , from  folks leaving  ----  new home sales and moving companies  have lots of  new coustomers  !   }

[jeepguy]

9 hours ago, yota691 said:

because the private sector is now unable to bear the developmental responsibility whole under the active role of the oil sector and its control over most of the development activities in the Iraqi economy, which generates 60% of GDP domestic product.

this part is different from what the ratings people tell us ....  the oil was in the 50 %  range  and  the private sector carried the rest ...      fitch Iraq awarded a b rating ...Fitch credit rating headquarters - the image of Reuters Arabian Eye

 

 March 13, 2017 20:12

Direct : awarded agency Fitch Ratings, Iraq 's B rating, with stable outlook.

Fitch predicted in its report issued on Monday, shrinking the fiscal deficit to 5.1% of GDP during the current year, the deficit narrowed to 8.1% of GDP last year.

The agency noted in its report that this classification, refers to the good financial performance of the state, which has evolved in the first half of 2016, from the level in 2015, exceeding expectations despite the decline in oil prices from the level of government spending.

Fitch predicted, government spending growth of 12.1% during the next three years, which in turn will reduce the reliance on indirect monetary financing by the Central Bank of Iraq. 

The report pointed out that Iraq still needs to identify funding sources to meet the financing Fjoth, adding that oil accounts for 50% of the gross domestic product of Iraq and 90% of fiscal revenues.

Edited March 18, 2017 by jeepguy

[jeepguy]

9 hours ago, yota691 said:

the oil sector and its control over most of the development activities in the Iraqi economy, which generates 60% of GDP domestic product

 

4 minutes ago, jeepguy said:

adding that oil accounts for 50% of the gross domestic product of Iraq and 90% of fiscal revenues.

ahhhhh  it s close I guess  ..... 

[Rmc10]

Some people say they are doing what Germany did after WW2. Did Germany revalue their currency? I've never looked into that yet. Does anyone here know?

[KDuesing]

Rmc i herd they did but good luck finding anything about it since computers were not out back then.

[Rmc10]

Ahhh good point. 

[DWitte]

44 minutes ago, KDuesing said:

Rmc i herd they did but good luck finding anything about it since computers were not out back then.

No computers back during the Civil War but you can go back and look at original newspapers from the day.  I'm sure you can search what Germany did.

[3n1]

the german economy was in shambles they issued a new currency in 1948 exchanged old for new at 10 to 1 ,, we know shab's plan was to issue new LD's and the old to co-exist in country for a set period of time .. miss those early days when shabs and selah put out many articles ........

[sandfly]

Thanks