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Iraqi State beginning with the second five-year plan based on the price of 85 dollars a barrels of oil


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4 - 29 - 2012

Baghdad: JD announced the Ministry of planning and development cooperation, Sunday, on its five-year plan for five years, while she was based on the price of 85 dollars per barrel of crude oil in the first year of the plan, drawn to the high rate of population growth to 2.8%. And the Under-Secretary when Paul said in a statement issued on Sunday received (dinars) a copy of a copy "," Ministry of planning the next five-year plan was developed for Iraq, as the price of 85 dollars a barrels of crude oil for the first year of the plan, to be implemented from 2013 to 2017 ", stating that" the Ministry relied on daily production up to 2 million and 900,000 barrels per day, could rise to six million bpd in 2017 ". Paul added that "the quantities produced from crude oil financial revenues of Iraq will, up to eight trillion dollars in 2013, bringing to ten trillions of 2017", stressing "the need to revitalize the role of the agricultural sector, it represents an important source of diversification of the economy, thereby reducing dependency on oil." For his part, between the Under-Secretary of planning Mahdi Al-Alaq "annual growth rate of the population of Iraq had reached 2.8%," he said, adding that "this percentage is high in the shadow of the challenges facing development plans." He Al-Alaq "Supreme Commission for population policies in Iraq are working continuously on a study to find ways to accommodate population increases," he said, adding that "there are positive signs, indicating an improvement in the situation of women in Iraq, where the proportion of activity for Iraqi women from 11% to 18%. The planning Ministry said in February last updated national development plan for the past five years, according to new social and economic variables, indicating that the past five-year plan was not the level of ambition. He was under-Secretary of planning Mahdi Al-Alaq stated in June last year that the poverty level 2011 in Iraq constitute 23%, which means that a quarter of the population of Iraq live below the poverty line, including nearly 5% in extreme poverty, stating that poverty line covering the basic needs of food and non-food. Recall that Iraq has launched in May of 2010 national five-year development plan 2010-2014, during a ceremony organized by the Ministry of planning and development cooperation in Iraq under the banner "towards sustainable and diversified Iraqi economy." Aim to reduce disparities and barriers between urban and rural areas, and the establishment of infrastructure and social services and jobs, increase GDP by 9.38 percent average annual growth rate during the plan period, with work to diversify the economy which is currently reliant on oil imports

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