easyrider Posted May 6, 2014 Report Share Posted May 6, 2014 (edited) Planning: Achieving Justice growth to all parts of Iraq requires securing 400 trillion dinarsAuthor: ASJ, BS Editor: BK, BS 5.6.2014 one eight p.m. Long-Presse / BaghdadThe Ministry of Planning and Development Cooperation of Iraq, on Tuesday, that the achievement of justice in the growth of all parts of Iraq requires securing about 400 trillion dinars, indicating that this estimate was calculated on the basis of the size of government investment during the five years from 2013 to 2017.The Minister of Planning and Development Cooperation, Ali Yousef Shukri, said in an interview to the (long-Presse), "The ministry has developed into account when configured for the five-year plan from 2013 to 2017 to increase economic growth and social and environmental impact of the different areas of Iraq as well as the achievement of justice and relatively qualitatively in it."He added Shukri, the "Five-Year Plan sought to reduce the disparity of development of spatial among the provinces on the one hand, and between urban and rural areas on the other hand," adding that "achieved those goals dimensions of economic, social and environmental requires securing about 400 trillion dinars."The minister pointed out that "the estimate of that amount was based on the calculation of the size of government investment during the five years of the plan, from 2013 to 2017, which amount to about 279 billion dollars make up 77 percent of the total investment required, which covers the revenue accruing to the state to be spent projects to the state. "It is noteworthy that Iraq was launched in May of 2010 National Development Plan Five from 2010 to 2014, during a party organized by the Ministry of Planning and Development Cooperation of Iraq under the theme "Towards the Iraqi economy is diverse and sustainable", in order to reduce disparities between urban and rural areas, and the creation of infrastructure and provision of services Social and jobs, increase GDP by 9.38 percent annual growth rate during the period of the plan with work on diversifying the economy, which currently relies on oil imports.In (the 16th of September 2013 the past), launched the Ministry of Planning also five year development plan for the years 2013-2017, with the aim of reducing disparities and barriers between urban and rural areas, and the creation of infrastructure and providing social services and jobs, in addition to diversify the economy, which currently relies on oil imports.http://almadapress.com/ar/news/30319/%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D8%AA%D8%AD%D9%82%D9%8A%D9%82-%D8%A7%D9%84%D8%B9%D8%AF%D8%A7%D9%84%D8%A9-%D8%A8%D8%A7%D9%84%D9%86%D9%85%D9%88-%D9%84%D9%85%D9%86%D8%A7%D8%B7%D9%82 Edited May 6, 2014 by easyrider Link to comment Share on other sites More sharing options...
calkid11 Posted May 6, 2014 Report Share Posted May 6, 2014 Thank you Link to comment Share on other sites More sharing options...
bigwave Posted May 6, 2014 Report Share Posted May 6, 2014 Wow 400T. I hope its smoke as I'm pretty sure they could not RV at 1 - 1 could they???? Link to comment Share on other sites More sharing options...
Perspective2011 Posted May 6, 2014 Report Share Posted May 6, 2014 If that's in Dinar, wouldn't that be around 3.4 billion? Doesn't sound like much considering they made $7-8 billion in oil profits last month. 400 trillion USA is insane for a 4 year period. Link to comment Share on other sites More sharing options...
hope4rv Posted May 6, 2014 Report Share Posted May 6, 2014 If that's in Dinar, wouldn't that be around 3.4 billion? Doesn't sound like much considering they made $7-8 billion in oil profits last month. 400 trillion USA is insane for a 4 year period. Actually that would be 343 Billion. Link to comment Share on other sites More sharing options...
pbtr Posted May 6, 2014 Report Share Posted May 6, 2014 I guess I am confused with the wording "achievement of justice in the growth" what exactly does that mean? Are they talking about social income equality? quality of life? Is this a World Bank or UN standard for everyone to be "equal"? That is never going to happen, especially in a Muslim country, that is a belief foreign to the thinking of the Iraqi people. Regardless, the amount of money is not daunting... 400T - IQD is only about $300 Billion USD or about $60 USD per year. As stated above they are making plenty of oil money to drive that investment and the economy should have double digit growth for at least 10 years after the RV. Just my Link to comment Share on other sites More sharing options...
Pablo404 Posted May 6, 2014 Report Share Posted May 6, 2014 I believe that would be $ 344 Billion over 5 years or about $ 68-70 Billion per year. Very doable with $3 billion /month oil sales plus outside investors in 'co-operative' projects for development of industries. Link to comment Share on other sites More sharing options...
pbtr Posted May 6, 2014 Report Share Posted May 6, 2014 Agreed, one of the attractive things about Iraq (besides oil) is the location. From a transit and hub perspective it sits in the middle of linking the near East, Africa, Europe and the far East. The communications lines via fiber, roads and other transit traffic will be another gold mine, if developed and maintained properly. Link to comment Share on other sites More sharing options...
rockfl9 Posted May 6, 2014 Report Share Posted May 6, 2014 The writers concern is that most of the investment ( in infrastructure) was centered in the larger cities. The estimate for future development was to do more for the outlying areas. Link to comment Share on other sites More sharing options...
sandfly Posted May 7, 2014 Report Share Posted May 7, 2014 THANKS Link to comment Share on other sites More sharing options...
jeepguy Posted May 7, 2014 Report Share Posted May 7, 2014 I think this will be tied too the budget , they still have to get that passed and now with this number it might be needing a re-vote , or maybe they are stating that over the next years this number will need to be included to the budget ..... Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted May 7, 2014 Report Share Posted May 7, 2014 Wow 400T. I hope its smoke as I'm pretty sure they could not RV at 1 - 1 could they???? How exactly are you so sure about that? There are many ways to look at this investment, From the historical, "logical", to far out fantasy. But the one thing I've learned over the years about Iraq is that they tend to do WHATEVER suits there needs without much regard for what anyone thinks. If they RV the rate will most likely have more to do with who's in power at the time. 2 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted May 7, 2014 Report Share Posted May 7, 2014 How exactly are you so sure about that? There are many ways to look at this investment, From the historical, "logical", to far out fantasy. But the one thing I've learned over the years about Iraq is that they tend to do WHATEVER suits there needs without much regard for what anyone thinks. If they RV the rate will most likely have more to do with who's in power at the time. WOW, somebody's a little touchy.LOL. I meant my statement as a legitimate question. Seeking a truthful response. 1 Link to comment Share on other sites More sharing options...
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