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Planning Minister Salman Jumaili
 
 

Economy News Baghdad: 

He announced the Minister of Planning, Salman Jumaili, that Iraq is one of the attractive investment and economic environments, noting that the Iraqi market dumping of imported materials has led to a decline in domestic production of goods. 

He said Planning Minister Salman al-Jumaili in an interview I followed "Economy News", "Iraq is one of the economic environments attractive for investment because in which there is a good attraction factors, in the nature of the circumstances," noting that "the investment environment able to absorb investment vessels (external and internal) large because of the damage that affected infrastructure, in addition to the disruption of many productive activities and stop. "

"Despite these advantages and opportunities owned by Iraq, there is a list of obstacles stand in front of these opportunities, most notably the serious security conditions experienced by all its details, as well as legislation and laws that should provide a favorable legal environment for investors."

He stressed that "dumping the Iraqi market imported materials has led to a decline in domestic production of goods due to the inability of local products to compete with those imported, and therefore, the production of most of the local industries, factories and plants wheel stopped, especially in the private sector, and is reflected in the increase in unemployment rates, as a result layoffs due to stop those factories. "

 

 

 

Views 29   Date Added 07/10/2017

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  • yota691 changed the title to Advisor to the Prime Minister: Iraq looks forward to a larger role for donor countries to reconstruct Mosul and liberated cities
(3966) - Number of readings: 833 - Number (3966)
 
 
Advisor to the Prime Minister: Iraq looks forward to a larger role for donor countries to reconstruct Mosul and liberated cities



 Baghdad / Zahraa al-Jassim 
 

The financial adviser to Abbadi, that the destruction caused by the organization calling the terrorist in the areas that have taken control of it was very large looting of the wealth and property of the state to destroy infrastructure and looting factories and burning of sowing, and this undoubtedly requires the rehabilitation of amounts of up to $ 20 billion, The economic expert stressed the need to conduct a real and realistic study of the needs of the areas occupied by the supporter of the terrorist, especially Mosul, according to specific tables with figures of the facilities affected by each facility and what amounts needed to return them to the previous work so that these tables are ready to go International community, and to speak about the establishment of accurate figures on the number of damaged facilities and the amounts allocated to each facility to reach a final figure in determining the amount of damages. 

From 10 to 20 billion 
The financial adviser to the prime minister, Mohammed Saleh said in an interview with (Mada), that the hands of the terrorist gang extended to cut the development ties and engines represented by physical infrastructure and fixed capital components, in the areas occupied by these forces obscurantism. The destruction of public property, the looting of state property and the wealth of citizens in transit in kind and cash, and smuggling them out of the border. 
Saleh said that in light of the devastation in these cities and the liberalization of the cities, the economic community appreciates the need to restore emergency stability, the return of displaced persons and the building of civil stability through the provision of water, the operation of its networks and the removal of landmines. They provide: the requirements of government administration and the processing of schools, health centers, law enforcement institutions and local police, the initial amount may reach 10 billion, or may increase to 20 billion dollars at present. Iraq is looking forward to a bigger role for donor countries in the near future to rebuild the liberated cities and return life to the people of the areas affected by terrorism. 

Higher Economic Committee 
In turn, the economic expert in the name of Antoine in an interview with (the extent), for the purpose of conducting a real study on the needs of the areas occupied by the supporter of the terrorist, especially Mosul, and the devastation must be a practical vision accurate.Adding: start with the formation of a high committee containing people with competence and competence of economists, academics, psychologists, meeting and businessmen. Mirdafa: For the purpose of determining the paths of the Commission to assess the damage to the infrastructure in the area of health, education, universities, electricity, agriculture and industry, and prepare according to specific tables numbers of damaged facilities and each facility, and what amounts needed for the purpose of return to the previous work so that these tables are ready before the international community, When we go to a conference of the international community, we do not talk about creating but about accurate figures on the number of damaged establishments and the amounts allocated but the facility to reach a final number in the determination of damages. 

Vesicles outside the city 
"When we ask the international community 50 or 100 billion dollars for the conductor, we must build them on the right foundations and accurate numbers of experts and specialists and not exaggerated, so that the international community is convinced that what we have done of the study was realistic. So far, what we hear is contradictory figures. However, through studies and information and what we saw in Mosul, this city should destroy more than 50% and build a new city in the outskirts of Mosul. Mirdafa: When we come to establish infrastructure in the areas of devastation and is originally dating back more than 200 years, this is of course not suitable, so we need vesicles in the outskirts of the city, and must be done by national hands of the people of Mosul and the faithful who fought and contributed to rid the city of Tough terror. 
The economic expert Bassem Antoine concluded his speech to (extent) now began some political parties that were watching the scene, and a large part of it was the reason for what happened today, we see the top position and be the decision and talk about the liberation of Mosul and reconstruction, Those. 

Long-term development plans 
Minister of Planning Salman Jumaili said in a press statement recently that Iraq will need huge amounts to rebuild the liberated areas of the organization is urging, and may reach the age of $ 100 billion, which includes all areas affected by the presence of a supporter, either through direct occupation or because of Terrorist acts, and the reconstruction plan will last for ten years, but it is too early to reach a precise estimate. 
"The plan to restore stability and reconstruction of the liberated areas will be for 10 years and within the framework of two development plans, the first for 2018-2022 and the second for the period 2023-2028," Jamili said during a meeting with the Regional Director of the World Bank in the Middle East Saroj Kumar Jha. That "the estimated amount of reconstruction by about 100 billion dollars," confirming grants and international loans and what is allocated from the state budget over the years of the plan. Al-Jamili called on the Bank and the international community to support Iraq in providing some of the funds to enable it to implement the prepared plan. These axes focus on economic development and social development, three main axes according to the priorities of projects, as well as humanity and rehabilitation of infrastructure within the framework of business governance Reconstruction through coordination between relevant national authorities and international donors. 

Iraqis first build Mosul 
Foreign Minister Ibrahim al-Jaafari also stressed in an Iraqi conference entitled "Investment and Trade in Iraq held last week in London, where the liberated areas of the organization received a great patronage at the conference, noting that the areas occupied by it was a priority of the government's attention. 
The Council of Ministers has also issued a fund for the reconstruction of destroyed areas and infrastructure and the achievement of national goals and the preservation of funds that come from the contributions of States and not waste in order to provide a stable living in those liberated areas, and the Iraqis themselves are better than the reconstruction of Iraq and reconstruction. 
On June 14, 2017, the Secretary-General of the Iraqi Council of Ministers, Mahdi al-Alak, revealed that the government had drawn up a strategic plan for the reconstruction of the city of Mosul, after liberation from the organization of Daqash, which he occupied in early June 2014. 
Spokesman of the Information Office of Abadi Saad al-Hadithi, stressed that the reason given Mosul priority in the strategic reconstruction plan is the enormous damage caused by the fighting, "confirmed by the representative of the United Nations Development Program in Iraq, Liz Grande on June 13, 2017, saying that , The magnitude of the destruction witnessed by Mosul, is one of the worst developments in the campaign to liberate the city. " 

200 projects of consolidation and stability in eastern Mosul 
"We are helping the Iraqi government in the reconstruction efforts so that the people feel that the government is working," said Liz Grand, a UN envoy in Iraq, in an interview with CBS News. "We can not ignore the role and efforts of the United Nations to help rebuild the devastated areas in Iraq. To provide services to them and this helps to enhance the confidence of the people of their government, which is vital in restoring stability to the areas after the return of the people to them. 
State Department spokesman Heather Neuert praised last week UN efforts to help restore stability in Iraq's liberated areas, including reopening schools on the eastern side of Mosul. "This is a success, and it is also an achievement for the great efforts Iraqis are making with their partners from the international coalition," Nuerte told the US news station. "It is very important to see children returning to their schools." 
Last month, the United Nations took 10 days to add 200 stabilization and stabilization projects in eastern Mosul, UN representative Grand said. 
"According to the current estimate, the reconstruction of water, sewage and electricity networks and the reopening of schools and hospitals in Mosul will cost more than double the initial estimate," UN humanitarian coordinator for Iraq Liz Grand said. 
The UN official confirmed that the size of the destruction on the right side of Mosul, which witnessed the fiercest battles against "Daash", is not comparable to destruction in any other region of Iraq.

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The economic dimension in the National Security Strategy

   
 

 
 

7/17/2017 0:00 
 
Abdul Zahra Mohammed al - Hindawi  has 
seen the period from 2010 until 2017 the launch of a number of strategies and plans in various joints and development sectors; aimed at promoting the development reality of the country and achieve a reasonable level of comfort of living of the citizen under the availability of good economic resources can Astgllagha so, and if we want to review aside from those plans and strategies we will need a lot of time and space for it, there are strategies of energy, education, health, housing, agriculture and the banking sector and the private sector and the strategy of poverty alleviation and other, as well as plans of national development first 2010- 2014 which stopped two years after he peered Development plan and how lopsided the second 2013-2017. Many of these strategies have not borne fruit, for many reasons , including that it came in a complex security, political and economic conditions, and they overlap with each other, which establishes a state of uncertainty in vision and lack of clarity of roles for stakeholders to implementation, in addition to the plans and Alstratgiat referred to were not binding because they did not issue laws or decisions, and therefore not cram this creates a state of complacency in the implementation under the overlapping of powers between the center and the provinces and not to resolve the identity of the national economy in practice, Is it a socialist or liberal (market)? 
In spite of the identification constitutionally, as a free and competitive sustainable economy, but the Hungarians actually still confirm a socialist economy, but distorted to some extent. As we have seen a wave of plans and strategies in 2010, we areembarking now on the launch of new plans and strategies covering the next five years ,namely , (Five - Year National Development Plan 2018-2022, strategic mitigation of 2018-2022 poverty, strategy development of the private sector 2017-2030, see Iraq Agenda for the 2030 sustainable development, the national plan for the reconstruction and development of the provinces affected by the terrorist and military operations 2018-2022, and strategic security  
national). 
The reality of the new plans will be different from the previous through broad participation in the preparation and this participation will not be limited to the national side , but there is international participation also, as it takes into account the new reality in Iraq after liberation and work to bring about a recovery of the citizen and the nation and the economy. 
Here I will address the economic dimension in the national security strategy .. Valstratejah carrying dimensions are very important, to achieve national security , which should cover all areas of development, social, economic, political, security and others. 
All of these areas need to projects and efforts to achieve integration between these sectors in order to achieve the comprehensive concept of sustainable security. 
The authors of the strategy determines their vision of comprehensive security on the basis of building a stable and secure Iraq , where his children live in safety and well - being under a federal democratic state take into account human rights , cultural, religious and national privacy and contribute to international peace and security, and no doubt that such a vision based on the foundations and pillars of the task comes in the forefront of the economic component , which is one of the important engines of the wheel of life and influential element in achieving stability, and this requires work to build a strong national economy depends mainly diversity and competition for starting after the resolution of the issue of economic identity, requires the strengthening of the market stage is the economy and the diversification of sucking Lader income and financing for development and that the government and the state be Plotter and planned policies and activities of economic and follow - up implementation after relying on the private sector as the leader and pioneering development, here is a clear signal that the strategy of the security homeland is integrated in the economic then with the strategy to develop the private sector identified in 2030 a time limit for the transformation of development leadership to this sector. 
And calls for the strategy of the other side to develop a financial and economic policy for the post - end of the war against terrorism, and here seems to identification and clear between Matdao him strategy and what is embodied in a national plan for the reconstruction and development of the provinces affected by the terrorist and military operations that put a time limit for a period of 10 years to restore the general framework reconstruction of those areas (economically -bharia - socially - and infrastructure) .. 
on the other hand , it adopts a strategic policy of economic reform and the rationalization of consumption and the fight against corruption and controlling government spending and encourage domestic and foreign investment, with a focus on ensuring Equal opportunities and reduce unemployment and improve the standard of living and basic services , consumer protection and realization of the principle of good governance. 
It is this inclusiveness and recognition of the importance of these principles, fully consistent with global trends towards sustainable development principles , affirming the failure of one behind the development, as it is consistent with the aspirations of him , the National Development Plan 2018 - 2022 Economic Sat  
and confirmed. 
We also have a strategy of poverty alleviation for the duration of the same time that put her six main goals, is to improve the level of income, health, education, housing , social protection and support for the displaced, and these six goals flowing are other and about the basis of the achievement of a wide area of the overall national security. 
Also it adopts a new national security strategy and other important economic goals such as developing civil service law and the fight against corruption , which caused a lot of problems for the development of investment and the development of natural resources and the establishment of a sovereign wealth fund to ensure the sustainability of development and the preservation of the rights of generations. 
The strategy did not overlook energy issues and call for the creation of the Council of higher oil demand , a renewed old to resolve the contentious issues and the development of oil policies  
effective. 
In total , the national security strategy holds economic vision mature did not come from a vacuum but came through the study of reality about in- depth and benefit from previous experiences and challenges and work to avoid face again .. Here Asher and I am talking about the problems, to the issue I find substantial has been mentioned at the beginning of speech , a question of overlap between the strategies and plans and the absence of the existence of a tent with all these plans and strategies, and ordered such may weaken or dissipate efforts, even the United Nations organizations at the forefront of program development is often asked about the coordinating or leading development efforts in Iraq, because they f They are partners and supporters of these efforts - prefer to deal with a particular hand to ensure the benefit of  
their support.
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BAGHDAD / Tomorrow Press: 
A source in the Ministry of Planning, on Thursday, the mechanism and the adoption of the terms of investment opportunities, and how to deal with the indebtedness of the contractor, and the period specified for investment and investment opportunities, and the possibility of including amounts within the investment opportunities.
 
"When implementing projects, the land must be allocated to the project and owned for the benefit of the beneficiary, and the contracting party itself is the beneficiary, which must be the owner of the land," a source in the ministry told Al-Ghad Press. 
He added that "the conditions of investment opportunities, depends on the amount of disbursements by the implementing agency, as well as the amount of funds to be disbursed by the investor, and the proportion of interest granted to the investor directly with the proportion of amounts invested by him relative to the total cost of the project. 
As for the duration of the project, the source explained that it "depends on the type of investment opportunities and technical and economic feasibility study that must ensure the recovery of the capital issued by the investor with an acceptable profit margin." 
He pointed out that "
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Secretary General of the Council of Ministers attends the Forum for Development Cooperation

   
 

 
2017-8-1.jpg

01/8/2017 8:24 am 
 
The Secretary General of the Council of Ministers, Mahdi Al-Alaq at the fifth meeting of the Forum for Development Cooperation in Baghdad to discuss the general framework of the National Development Plan (2018-2022), in addition to discussing the strategy of poverty alleviation in Iraq.
 
During the meeting, which was attended by Undersecretary of the Ministry of Planning and representatives of the United Nations, foreign embassies, the World Bank and international organizations, the Secretary reviewed the vision of the Iraqi government for the post-completion of gangs in various fields and development plans. In Kuwait early next year to mobilize international support system" rel="">support for reconstruction and stability in liberated cities.
 
The meeting concluded with pledges from the Houdo year with the support of the Iraqi government 's efforts in the reconstruction and institution - building in accordance with the economic and social structure intact. And planning to make the private sector a key partner in building the country. 
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  • yota691 changed the title to Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction

Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction

28 views ViewLast Updated: Wednesday, 2 August 2017 - 8:58 PM
Abadi heads the first meeting of the Higher Committee for Investment and Reconstruction

Prime Minister Dr. Haidar Al-Abadi stressed the importance of launching a large economic program by supporting investment activities in various sectors, especially the productive sectors, so as to increase the country's economic performance as the joint forces approach the liberation of the remaining areas and restore Iraq's economic standing internationally and increase confidence in its transactions. Finance and finance. This came during the presiding over the first meeting of the Higher Committee for Investment and Reconstruction where the discussion of the formulation of mechanisms of action and prioritization was discussed as discussed the paragraphs related to the launch of an accurate program to open investment areas in a number of industrial, service and commercial projects, which will provide great job opportunities in addition to follow up the completion of investment projects And lifting obstacles in front of them.

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Abadi: We plan to launch a large economic program

   
 

 
1.jpg

03/8/2017 12:00 am 
 
 Includes the provision of large employment opportunities 
Baghdad / morning  
Prime Minister Dr. Haider al-Abadi revealed the intention to launch a large economic program through supporting investment activities in the productive sectors. This was during the meeting of the Supreme Committee for Investment and Reconstruction I. Dr. Abbadi stressed that our goal «to raise the performance of the country economically with the approach of our heroic forces to liberate the remaining areas of the remnants of the dodging defeated, and with the restoration of Iraq's economic status at the international level and increase confidence in financial and financial transactions». , According to a government statement received «morning» copy of «the formulation of mechanisms of action, and prioritization, and discussed the paragraphs on the launch of an accurate program to open areas of investment in a number of industrial projects, service and trade, which will provide great employment opportunities, Jazz investment projects and raise obstacles in front of her. » The committee also discussed the preparations for holding an economic forum in Baghdad for businessmen from inside and outside Iraq to support the reconstruction and investment movement in all governorates. In the meantime, the Prime Minister received the French Ambassador to Iraq Brno Obert. The French Ambassador congratulated the French government on the victories achieved on gangs advocating and liberating Mosul, and affirmed «his country's support for the unity and stability of Iraq and its active role in the society Crown and economic reforms undertaken by the Iraqi government », while Dr. Abadi stressed« complete liberation of all Iraqi territory from Daesh terror and Iraq's intention to promote the requirements of the reconstruction phase of gangs », calling on« French companies to participate in investing in Iraq ». The meeting also discussed the ongoing preparations «to hold an economic forum in Baghdad for businessmen from inside and outside Iraq to support the movement of reconstruction and investment in all provinces». In the meantime, the Prime Minister received the French Ambassador to Iraq Brno Obert. The French ambassador congratulated the French government on the victories achieved on And stressed the «position of his country, which supports the unity and stability of Iraq and its active role in the international community and the economic reforms carried out by the Iraqi government», while Dr. Abadi «Complete the liberation of all Iraqi territory of gangs and advocates of terrorism and M Iraq to promote the requirements of the reconstruction phase », calling on« French companies to participate in investing in Iraq ». The meeting also discussed the ongoing preparations «to hold an economic forum in Baghdad for businessmen from inside and outside Iraq to support the movement of reconstruction and investment in all provinces». In the meantime, the Prime Minister received the French Ambassador to Iraq Brno Obert. The French ambassador congratulated the French government on the victories achieved on And stressed the «position of his country, which supports the unity and stability of Iraq and its active role in the international community and the economic reforms carried out by the Iraqi government», while Dr. Abadi «Complete the liberation of all Iraqi territory of gangs and advocates of terrorism and M Iraq to promote the requirements of the reconstruction phase », calling on« French companies to participate in investing in Iraq ».
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Keywords: Government adopts reform to achieve multiple resources

   
 

 
 

03/8/2017 12:00 am 
 
Baghdad / The morning work team  
started a discussion session to maximize the state resources adopted by the private sector represented by the Baghdad Economic Forum in cooperation with the General Secretariat of the Council of Ministers with the aim of determining the requirements of the next phase of the actual change the shape of the national economy and make it heading towards pluralism in resources benefiting from Iraq's natural and human resources. The workshop was conducted by the economic expert d. Majid Al-Suri started with the speech of the Secretary General of the Council of Ministers d. He pointed out the importance of continuing the work of economic reform in order to address the problems to achieve sustainable development, noting that the government has adopted economic reform and encourages the productive sectors to get rid of the profitability of the economy as well as encourage the tourism sector . 
Alaq said: That the government has been keen to involve the private sector in all economic committees and that the participation of the Baghdad Economic Forum comes to support the government of the private sector, and commended the step of the Forum to hold a series of workshops to diagnose the economic imbalance and make recommendations represent realistic images of various problems, stressing that Iraq has exceeded the most difficult stages and challenges Face it. 
Head of the Baghdad Economic Forum Fares Al-Salman said that the forum, in cooperation with the General Secretariat of the Council of Ministers and in the presence of economic leaders, organized the workshop, praising the role of the Secretariat in cooperation to organize a series of workshops. 
He pointed out that the recommendations issued by the workshops address chronic economic problems, especially as Iraq is on the stage of a large reconstruction. Total balance in turn financial adviser to the Prime Minister d. The appearance of Muhammad Saleh said: Crude oil imports dominate the order and movement of three major balances in the national economy: the current account of the balance of payments (the so-called balance of payments balance, of which oil revenue flows account for 98 percent of total foreign exchange flows). As well as the federal budget as the oil revenues represent at least 92 percent of the total annual revenue of the public budget. The final balance is the contribution of the oil sector to the GDP components, which range from 46 to 50 percent of the composition of that output. He added that there are practical steps to be adopted starting from fiscal year 2018 and require the establishment of an account on behalf of the Public Debt Compensation Fund, which will deposit any increase resulting from the improvement of oil prices above the target rate in the federal budget used to compensate for any internal or external debts planned during the fiscal year or extinguish Previous debts depending on the case that the existing estimated prices in the supplementary budget for 2017 of 44.4 dollars per barrel of oil exported during the period 2020-2018. The Public Debt Compensation Fund account receives capital revenues from the sale of land, state real estate, and remittance income, as well as the financing of the Fund's account. He pointed out the importance of expanding the system of partnership with the private sector in the distribution of electric power until the fiscal year 2018 is the starting point to cover all regions of the country. And included in the provisions of the Budget Law of 2018, urging the adoption of the system of outsourcing to the tax system of small units of taxpayers by granting licenses to civil companies to open the proper tax collection points to be adopted tax system cut for small taxpayers to ensure collection and raise the efficiency and stay away from diligence and corruption, The outsourcing outlets are responsible for collecting collections for different aspects of collection such as fees, municipal fees and others. Economic Administration The head of the Baghdad Economic Forum Fares Al-Salman has returned to talk about the objectives of the economic reform process, which is the performance of a strong economy that produces surplus current account balance, low unemployment rates and real growth in GDP growth, as well as an economy focused on sustainable development, indicating that this reflects The efficiency of good economic management with its main pillars of financial management and monetary policy. He pointed out that this requires passing through several stages, the most important of which is the evaluation of performance, which needs to stand at the general economic performance of the state and the efficiency of the government administration as well as the efficiency of the business sector and infrastructure. The other stage, which is titled rationalization and structure, stands when rationalizing state spending, As well as the use of government support to limited groups of society and review the rents of the State Property Service and the Secretariat and Endowments, as well as a comprehensive review of the fees charged by the state and put the fair equation of the state and citizen to be reviewed periodically. Al-Salman talked about the Iraqi situation and benefit from the experiences of others and that it is to identify the Iraqi economy and develop a real vision of ambitious investment map as well as focus on the industries of aggregation and transformation. The economic adviser in the House of Counselors Abdul Hussein Al-Anbuge said: In order to restore the balance must be shifted to the tax to maximize the government's financial revenue, calling for a review of oil revenues. He pointed out the need to review the licensing rounds of oil because the operational and investment costs are high, adding that the government owns 96 percent of agricultural land and needs to manage successfully to make them productive and cover the need of the country. Technical Developments Technical Agent of the Ministry of Agriculture d. Mahdi al-Qaisi said that agriculture is one of the oldest professions in Iraq and is the basis of settlement and the development of human civilization and provide elements of the foundations of the sustainability of agricultural activity represented by the agricultural land and biodiversity and water in addition to the human element supports Iraq's agricultural identity and can be invested in light of technological and scientific developments in making agriculture One of the main activities contributing to the national economy. He stressed the need to ensure the needs of the agricultural sector represented by the protection of the local product and this requires the tightening of control and control of the border crossings to prevent the entry of agricultural materials (plants, animals and various agricultural and veterinary products) and restricting the import license through cooperation and coordination with the relevant authorities, especially the Ministry of Finance / The Ministry of Interior / Directorate General of Border Ports and Economic Security and the supporting authorities. The Ministry of Agriculture is working on an annual import plan for the aforementioned materials and taking into consideration the quantities of the local product to fill the deficit through To import rated. She pointed out that the reform of the administration is the complement to the changes in tax policy, the increase in tax evasion, the lack of information, the growing economic activity, the increasing number of taxpayers and the emergence of new taxes, which requires updating and classification of new taxpayers and forms of economic activity. Hence, tax reform covers a wide range of activities and events And procedures and changes that can be limited to three doors (management organization, implementation of tax laws, and modernization of tax systems and procedures). Pointing to the need for tax administration to a package of changes and reforms. Abbas stressed that the reforms are a serious and effective transition to electronic management and the adoption of self-assessment through the unit of senior taxpayers and expand the standards of the unit of senior taxpayers and the adoption of an electronic assessment system. Social Market Financial expert and member of the Baghdad Economic Forum d. Majid Al-Soury stressed the need to have a clear identity of the Iraqi economy, as well as to determine the strategy of economic and social development and the development of plans to implement them according to a timetable, and determine the responsibilities of implementation, follow-up and control of their implementation. I believe that the recently developed five-year plan has adopted the direction of the social market economy. It is the economic policy most in line with the requirements of the Iraqi Constitution and its orientations in the use of modern economic bases. It is capable of achieving the economic and social development required of all segments of the Iraqi people and the importance of bold restructuring of the financial institutions in Iraq, One, as well as all the banks specialized in a large development bank, with the restructuring of administrative and financial, and provide the necessary capabilities and achieve the principle of separation of management of capital for all government and private banks. 
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Thanks Yota...Now that the e-cards can now be remotely loaded to pay through the 'work-for-hire' programs supporting the rebuilding of the infrastructure and agricultural sectors...The private sector now has a means to receive payment once these programs are actually activated...Looks like Abadi is making sure the private sector is the major part of Iraq's induction into the international markets....

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Thanks Yota...Here's another article about implementing the private sector...Looks like the last, not so friendly reminder by the IMF and UN finally got Iraq's attention about how serious they're about the private sector being the main foundation behind Iraq's new economy....Very huge step in becoming Chapter VII compliant...

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Bla, blah, blah, I believe that the recently developed five-year plan has adopted the direction of the social market economy. 

 

By Raheem Salman | BAGHDAD, SEPT 19

(Reuters) - Iraq's government has released a five-year economic plan which will try to diversify beyond oil production and develop the industrial sector.

The plan, announced this week, faces major obstacles including a rising level of sectarian violence and political infighting within the country's fractious coalition government.

But if implemented, it could mark a new stage in Iraq's recovery from decades of war and international economic sanctions. So far, the recovery since the U.S. invasion of 2003 has been based almost entirely on rising oil production.

"The government made a decision to focus on other sources in the country instead of oil, so the new plan will basically focus on industry instead of oil," said Hussain al-Shahristani, deputy prime minister for energy affairs.

The plan for the years 2013 to 2017 calls for investment of approximately $357 billion in development projects across the country, focusing in particular on five sectors: building and services, agriculture, education, transport and communications, and energy.

About 79 percent of that investment total would come from the government and the rest from the private sector.

Oil would remain by far the biggest source of revenue for the government during this period. Revenues from oil in the five years are projected at 768.7 trillion dinars ($662 billion), with revenues from non-oil sources at 43.5 trillion dinars. 

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Alaq confirms the government's move to economic reform to compensate for the decline in oil revenues

economy

 Since 2017-08-03 at 13:14 (Baghdad time)

DSC_0786m.jpg

Baghdad Mawazine News

The Secretary-General of the Council of Ministers Mahdi Al-Alak, on Thursday, the government's move towards economic reform to achieve comprehensive development and the gradual transition to the private sector, pointing to strive to compensate for the decline in oil revenues.

"The participation of the Baghdad Economic Forum comes to support the government to the private sector," he said, adding that "the government has been keen to involve the private sector in all economic committees" .

"The government is moving toward economic reform to achieve comprehensive development and a gradual transition to the private sector, and Iraq, having overcome the economic risks coinciding with the war on a daunting, He is going to proceed with the economic reforms he started. "

He pointed out that "Iraq suffers from many economic problems, for the total dependence on oil revenues, which fell by about 70%."

He stressed that "the government has been reforming through the issuance of a number of decisions to compensate for the decline in oil revenues and to eliminate some of the problems that affected the country's economy, and focus on the development of the public and private sectors and improve the quality of national products."

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  • yota691 changed the title to Abadi stresses the importance of launching a major economic program
 
Wednesday 2 August

 

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Alsumaria News / Baghdad
confirmed Prime Minister Haider al - Abadi , Sunday, the importance of starting a major economic program by supporting investment activities in various sectors, particularly productivity, attributing the reason to raise the performance of Iraqeconomically with the approach of the security forces from freeing the remaining areas of the control of the organization "Daesh" . 

Al-Abbadi's office said in a statement received by Alsumaria News, a copy of it, that " the Higher Committee for Investment and Reconstruction held its first meeting under the chairmanship of Prime Minister Haider Abadi, and the presence of members of the Committee all," noting that Abadi "

 

The committee discussed its agenda, in particular the formulation of mechanisms of action and prioritization. It discussed the launching of an accurate program to open up investment fields in a number of industrial, service and commercial projects, which will provide great job opportunities. "He said. 

"The committee recommended that what is to be reached by a working group formed to review a number of important files in order to take appropriate decisions at the next meeting," the statement said. 

He said that "the committee discussed preparations for an economic forum in Baghdad for businessmen from inside and outside Iraq to support the reconstruction and investment movement in all provinces."
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The Higher Committee for Investment and Reconstruction discussed the first meeting under the chairmanship of the Prime Minister, Dr. Haider al-Abadi, on Wednesday, launching a “precise” program to open the field of investments in industrial and service projects.
Abadi stressed, according to a statement by his office, “the importance of starting a major economic program, by supporting investment activities in various sectors, especially the productive sectors, so as to increase the performance of the country economically as our heroic forces approached the liberation of the remaining areas of the remnants of the defeated dude, Iraq’s economic standing at the international level and increase confidence in its financial and financing transactions. ”
The committee discussed the agenda of the committee, in particular the formulation of mechanisms of action and prioritization. It discussed the launching of an accurate program to open investment fields in a number of industrial, service and commercial projects, which will provide great job opportunities. Obstacles “.
The committee recommended “submitting what will be reached by a task force set up to review a number of important files in order to take appropriate decisions on them at the next meeting.”
The committee also discussed “the preparations underway to hold an economic forum in Baghdad for businessmen from inside and outside Iraq to support the reconstruction and investment movement in all governorates.”

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Alaq emphasizes the government's move towards economic reform to achieve comprehensive development

August 3, 2017

 

Alaq emphasizes the government's move towards economic reform to achieve comprehensive development

 

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The Secretary-General of the Council of Ministers Mahdi Al-Alak, on Thursday, the government's move towards economic reform to achieve comprehensive development and the gradual transition to the private sector.
 
"Iraq is suffering from many economic problems, for its total dependence on oil revenues, which fell by about 70% Oil revenues and the disposal of some of the problems that affected the country's economy, and focus on the development of the public and private sectors and improve the quality of national products, and the involvement of the private sector of many specialized committees on economic reforms.
 
He added that "Iraq, having overcome the economic risks coinciding with the war on a daunting, is going to proceed with the economic reforms initiated by." 
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45 minutes ago, nannab said:

 

lol My first thought when I read this.  Ah HELLLLLLLLLLLLoooooooooooo  Iraq knock knock is anybody

home????????????? :wacko:

They really do love to hear themselves talk....we need action! Seems like things have been moving along though. The IMF is happy so far.

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(3901)   -   Number of readings: 491   -   Issue (3987)
 
 
In partnership with the General Secretariat of the Council of Ministers .. Baghdad Economic Forum to hold a workshop to discuss maximizing the resources of the State



 Baghdad / Special Range 
 

 The Baghdad Economic Forum, in partnership with the General Secretariat of the Council of Ministers, organized a workshop to discuss the trends of maximizing the resources of the State, conducted by the economic expert Majid Al-Souri in the presence of a number of relevant officials and local and foreign economic figures and representatives of some embassies. 
The Secretary-General of the Council of Ministers d. Mahdi Al-Alak, that the participation of the Baghdad Economic Forum comes to support the government to the private sector, noting that the government has been keen to involve the private sector in all economic committees. 


He also welcomed the orientation of the Baghdad Forum, which aims at holding a series of workshops that diagnose the economic imbalance and present recommendations that represent realistic images, stressing that the government is moving towards economic reform to achieve comprehensive development and gradual transition to the private sector. Economic reforms that he has initiated. 
Al-Aalak said that Iraq is suffering from many economic problems because of its total dependence on oil revenues, which fell by about 70%. He said that the government has been reforming through issuing resolutions to compensate for the decrease in oil revenues and eliminate some of the problems that affected the country's economy. Developing public and private sectors and improving the quality of national products. 
In a statement issued by his press office, the head of the Baghdad Economic Forum, Fares Al-Salman, announced that the workshop on "Trends in maximizing state resources" is the first workshop of a series of workshops to be held with one workshop per month with the participation of leaders of economic thought in Iraq, parliamentarians, State institutions, the private sector, civil society and intellectuals. 
The economic adviser in the House of Counselors d. The public pocket is the development people fund and then the government will strive develop facilities and legislation and to create an appropriate environment for the work of the parents of the private sector in order to build up their capital and invest and produce and win and generate incomes for the elements of production as long as all this represents a tax vessels be able government to impose a tax on and finance their activities. " Came The Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Mohammed Saleh, entitled "Financial Strengthening of Iraq: Vision for the years 2018-2020. " Saleh said in his paper, "The imports of crude oil dominate the order and movement of three basic balances in the national economy, Balance of payments and the federal budget, and the balance of the last is the contribution of the oil sector in the components of GDP. " Saleh warned that" "If we exclude the oil resource from the three scales mentioned above, the country will turn to a tripartite deficit that is difficult to dismantle in the short term due to the narrow diversity of national income sources." The recent public finance of producer countries and exporters of raw materials is a criterion for measuring the actual deficit rooted in The financial structure of the high-rent economies is called Non-Oil Primary Balance-NOPB, which is the non-oil balance, which expresses the financial (negative) amount if all public expenditures were subtracted from non-oil revenues. The expenditure on the oil sector will be deducted from the total expenditure, T debts as they relate to the obligations of the previous fiscal years). The prime minister's finance adviser recommended seven practical steps to be adopted starting in fiscal year 2018, stating that " The third is the adoption of a system of outsourcing to the tax system of small units of taxpayers; the fourth is the expansion of the system of partnership with the private sector in the distribution of electric power; and the fifth is the enactment of the Sales Tax Law by calculating the tax on The final value of the service, and the sixth to improve the management of collection of fees (non-sovereign) and wages approved in accordance with Article 24 of the Federal Budget Act of 2017, and the seventh development of fuel support system and limited to the poor classes of consumers. Professor of Economics, Faculty of Management and Economics, University of Mustansiriya d. Falah Khalaf Ali al-Rubaie, a paper entitled (Analysis of the phenomenon of depletion of the economic surplus in Iraq), which called for the implementation of economic reforms consistent with a long-term economic strategy whose main objective is to reduce the dependence on oil revenues in terms of their contribution to the domestic product or source of financing imports, Contribution of non-oil output more than 80% of the fiscal budget. Al-Rubaie added that "this objective can be achieved through the adoption of three elements of the President of the economic policy, which is diversification of economic activities to increase non-oil exports and increase private investment (domestic and foreign) and intensive application of human development programs and programs to rehabilitate skills and improve productivity and introduction of advanced technology, To encourage and facilitate the participation of national and foreign capital in the ownership of domestic and foreign enterprises. The paper presented by the President of the Baghdad Economic Forum Fares Al-Salman, entitled "Maximizing State Resources ... Successful Ideas and Experiences", stressed the need to identify the Iraqi economy and economic doctrine, with an ambitious real vision of the investment map and setting priorities and ways to attract funding. On the aggregate industries and manufacturing industries through public-private partnership - the real private sector is not financially qualified / unskilled labor / challenges of the Fourth Industrial Revolution. Al-Salman called for the establishment of specialized scientific research centers in order to move to the stage of industrial innovation and development, re-evaluate the wealth of Iraq / strategy of perception vis-à-vis every type of wealth, increase the participation of the private sector in the gross national product, Money. Salman pointed to the importance of smart government support by encouraging small and medium-sized industries through the establishment of industrial zones and export support funds, activating the financial sector, insurance, real estate and business services, construction, trade, restaurants and hotels and providing electricity. The paper presented by the Director General of the General Authority for Taxation Abbas, entitled (reform of the tax system in Iraq and its role in maximizing revenues) and reviewed Abbas, 6 strategies proposed for the period (2018-2020) through tax reform missions, which said that it was held with international bodies, The first is to simplify the procedures of the tax system in Iraq, and the second is the credibility in dealing with the tax policy in Iraq, indicating that the achievement of the above objectives either through the budget law or through the amendment of the Income Tax Law. According to Abbas, the strategy No. 1 is based on simplifying the calculation of the tax on the salaries of employees of the state, the public sector, the mixed and the private sector, and the strategy No. 2 regarding the issue of the ten percent pension. This amount is outside the taxable income. (3) is related to the fact that the tax rate in Iraq is low and does not exceed (1) 15%, and therefore should be reduced door Exemptions with the survival rate without increasing the procedure needs to amend the Income Tax Act. A draft amendment to the Income Tax Law has been prepared and is now before the Legal Department and a copy of it is attached to it. The proposal is to deduct these funds in the form of income for the next estimated year. (5) is based on the expansion of the sales tax base. Strategy No. 6 is based on the tendency of the State to increase tax revenues and in order to reduce unnecessary consumption. The fact that sales tax is For taxes in which tax evasion is limited, the Commission has decided to expand the base of this tax and can put these materials in the budget of 2018. The research paper of the Ministry of Industry and Minerals presented by the scientific advisor to the ministry, Dr. Hamoudi Abbas, entitled "Improving the participation of the industrial sector in the domestic product", reviewed the efforts of the Ministry of Industry and Minerals with the aim that the national product occupies its place in the economic life of each member of society, Is a regional competitor in cooperation with the local private industrial sector and its development, which was adopted by the long-term industrial strategy as an active partner and leader in industrial decision-making. Hamoudi said that the allocation of the amounts on the annual investment budget amounted to (3.444) trillion dinars for the period 2008-2014, which had a significant impact in the rehabilitation of some production lines, which led to the increase in production capacity, adding that the national industry and until 2003 was 14% Of GDP. He added that spending about 321 billion dollars for the period 2006-2014 was diverted abroad through import programs that are not studied and that support to the national industry will contribute to stop this waste. The technical agent of the Ministry of Agriculture d. "The role of the agricultural sector in maximizing resources", in which he stressed that the agricultural sector is the main engine of most sectors and activities and is characterized by its sustainability with an actual need for its outputs, and it contributes effectively to the development of gross national income. Our country starts from the agricultural sector as the solid and solid base from which most sectors originate. Al-Qaisi said that the agricultural sector needs serious government care, especially through the protection of the local agricultural product. This requires tightening the control and control of the border crossings to prevent the entry of agricultural materials (plant, animal, feed and other agricultural and veterinary supplies). Especially the Ministry of Finance / General Authority of Customs, Ministry of Interior / General Directorate of Border Ports and Economic Security and the supporting bodies, knowing that the Ministry of Agriculture is working on an annual import plan for the above mentioned materials and taking into account the quantities of Domestic producer to plug the deficit through the standard import. Al-Qaisi also stressed the application of the Agricultural Quarantine Law No. 76 of 2012, the Animal Health Act No. 32 of 2013, the Seeds and Seeds Act No. 50 of 2012, the Registration, Approval and Protection of Agricultural Varieties Law No. 15 of 2014, the Registration and Certification of Pesticides Law No. 47 of 2012, No. 46 of 2012, and not to allow or give any exceptions outside the controls of these laws and instructions in force, and to ensure the application of these laws and instructions applicable to all provinces of Iraq without exception. The participants enriched the work of the workshop, with their interventions and participations, which added an interactive atmosphere to the workshop.    In conclusion, the requirements for the rational use of financial resources resulted in the management of the workshop, represented by Dr. Majid Al-Suri, who called for a clear identification of the Iraqi economy, defining the strategy of economic and social development and setting the necessary plans for implementing them according to a timetable, Adopted a social market economy). He referred to the importance of bold restructuring of financial institutions in Iraq, especially government banks, including the integration of commercial banks in one bank, as well as all banks specialized in a large development bank, and control of foreign trade and border crossings, land, air and sea, which is a vital area of financial corruption , And an important factor in the obstruction of local production and economic development, and provide an environment conducive to the development of private sector production and service in all areas and work to enable it to cooperate with the public sector.

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  • yota691 changed the title to Abadi stresses the importance of launching a major economic program

Government Declares Depreciation on Oil Revenues to 85%

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Government Declares Depreciation on Oil Revenues to 85%

 

06-08-2017 07:40 PM

 

The Euphrates -

 

The spokesman for the Information Office of Prime Minister Saad al-Hadithi on the government's success in reducing the country's dependence on oil revenues to 85 percent, after the proportion of 95 percent in the time of the previous government headed by Nuri al-Maliki. 

Al-Hadithi said in a televised statement that the government has succeeded in reducing dependence on oil imports and reducing its share in the general budget to about 85 percent in exchange for diversification of state resources and activating the role of many sectors in the budget of Iraq and work is under way to achieve further progress in this path. 

He stressed that the result of the financial crisis in Iraq is the cause of the collapse of oil prices in world markets and their decline to unprecedented levels.

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  • yota691 changed the title to Positive signs of Ebadi's economic initiative

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