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Showing results for tags 'provide a currency for the budget !'.
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CNN. Broadcasting While launching the real sectors that make their currency ! (by walkingstick) The economic situation is bad, and the repetition of the past is not going to work 24/09/2017 No matter how much effort we make, we have spent money, we have plans to reform the economy, develop the country and overcome unemployment, we will not succeed as long as the dominant concept is that the economy is just getting foreign pieces either by selling oil or by borrowing to regulate the state budget. , Which distributes incomes to employees, and their disposal in their operating and investment expenses, which will move trade, contracting and economic activities, especially small and medium, which will depend mostly on state expenditures. This cycle, with all its buildings and results, is the precise characterization of dependent economies, often backward, even if citizens have good or even high levels of income, making their economies fragile and weak, which could collapse with the first crisis or volatility in world markets . This session means full dependence on the outside and importing the needs of the country. It means a single economy and the state's domination of it in development and employment policies. Unless we free ourselves from this view, we will remain closed in closed circles. Once the sources of foreign exchange (dollar in our case) are affected, the budget will be affected, public spending will be affected, activity, employment and business will be reduced. All negative indicators will show a drop in incomes, an increase in debt, a decline in monetary reserves and high unemployment. With the economic philosophy that will not benefit the procedures and reforms within them unless the equation changes towards the liberalization of the economy from the concept of foreign exchange and provide a currency for the budget, to launch the real sectors that make their currency, including foreign pieces , And wealth, including budget funds through the diversity of sources. 1. Gross national product declined from 234.6 in 2013 to 171.7 billion dollars in 2016 and per capita income from 7021 to 4533 dollars. And unemployment from 15.1% to 16% of the registered labor force. Between 2013 and 2016, the central bank reserves declined from 77.8 to 45.2 billion dollars, and their coverage of imports from 10.8 months to 6.7 months. The types of currency manufactured by businesses and economic activities such as Sukuk, promissory notes, electronic and electronic currency, Broad Money from 15.9% of GDP to 7.2%. As a percentage of GDP, between 2013 and 2016, domestic investment declined from 26.9% to 20.6%. Domestic consumption rose from 69.5% to 87.8%. Savings fell from 28.1% to 11.9%, and the investment balance of + 1.1% to -8.7%. It is known that the balance of investment is the balance of savings and investment, which we get from: Gross national income = national consumption + national savings + government expenditures + (exports - imports) .. ie Y = C + I + G + (EX-IM). 4 - The rise of the debt from 73.1 billion dollars to 114.6, and the external ones from 59.3 billion in (2013) to rise to 67.5 in (2016). As a proportion of GDP, between 2013 and 2016, exports declined from 38.3% to 29.1%, imports increased from minus 28.4% to minus 30.9%, and Current Balance, which is exports minus Imports, from + 1.1% to -8.7%. These are some indicators, and will not improve if they do not decline in the most important, depending on the continuity and the continued decline in oil prices in the coming years and the increase in the population and requirements .. This will mean increased rates of poverty and unemployment and economic stagnation and increased corruption. Which should be of utmost importance not less than the importance of fighting "Dahesh," and that the economic philosophy will change completely as changed security philosophy, which turned the defeats into victories. Adel Abdul Mahdi http://altahreernews.com/inp/v.....p?ID=34039
