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Iraqi PM Unveils Government's Program for Next Four Years

 
 BasNews   08/02/2019 - 01:02  Published in Iraq
Iraqi PM Unveils Government's Program for Next Four Years
 
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ERBIL - Iraqi Prime Minister Adil Abdul-Mahdi unveiled on Thursday his government's program for the next four years, stressing his cabinet's commitment to implement this agenda.

According to a statement by Abdul-Mahdi's office, the federal government program for the years 2019 to 2022 is like a road map for the work of the cabinet and a document the government and its members are committed to implement.

The Iraqi premier pointed out that the program calls for cooperation between the three presidencies to implement it, adding that the government had promised to complete it within 100 days from the beginning of the government's term.

Iraq held the parliamentary elections in May last year. However, the formation of the new government is yet to be concluded as the political parties are in disputes over certain ministerial candidates.

http://www.basnews.com/index.php/en/news/iraq/499861

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Baghdad

Prime Minister Adel Abdul-Mahdi, on Thursday, published the text of the government program to be binding document to the people.

"The government has completed its program (2019-2022), which represents a road map for its work and a binding document binding on the members of the government before the people and the House of Representatives, and calls for cooperation between the three authorities to implement it," Abdul Mahdi's office said in a statement received by Al-Madar.


He added that 'the government pledged the government to complete it in a timely period of 100 days from the beginning of the life of the government, and the transformation of this program into a detailed ministerial platform of its specified time, and was prepared by a ministerial working group and the competent authorities.' 

The Office pointed out that 'the Prime Minister Adel Abdul Mahdi, the publication of the text of the government program (2019-2022) to be binding document before the people'.

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127251.jpg?width=750&&height=375
 
2019/02/07 19:56
  • Number of readings 1727
  • Section: Iraq
  •  

The obelisk publishes the text of the government program 2018-2022

Baghdad / obelisk: the obelisk publishes the text of the government program 2018-2022:

 

http://almasalah.com/ar/news/163330/المسلة-تنشر-نص-البرنامج-الحكومي-2018-2022

 

I have tried to translate the above plan but it is encrypted.  So I did a search  and found the following.  I am only going to post the information on monetary policy. Here is the link for further investigation:

 

http://www.iraq-jccme.jp/pdf/archives/nationaldevelopmentplan2018_2022.pdf

 

National Development Plan 2018 – 2022

 

The plan aims to achieve a significant improvement in the citizens ‘standard of living by ensuring the promotion of suitable employment opportunities in addition to maintaining inflation rates at the lower levels through the adoption of financial and monetary policies that maintain the stability of prices and stability of the exchange rate in addition to maintaining as much as possible to support low-income groups Through social security networks and continued support ration card.

Fourth: Capital formation of the public and private sectors The data available for the measure year 2015 indicated that the contribution of the private sector in the capital formation was about 34.7% compared to 65.3% of the public sector. And in light of the relevant economic orientations and polices, the national development plan 2018 – 2020 aims to enhance the role of the private sector and to work on preparing the proper opportunities to carry out its true role in the development process especially in light of the decline of the state's 22 role and the suspension of many government projects due to the financial crisis and the reduced volume of available financial income and in this orientation, the development plan aims that the contribution of private sector investments in the year 2022 to reach about 38.3% compared to 61.7% for the public sector as shown in the following table

 

image.thumb.png.08d9b2843bd81d01332290b6c265f022.png

 

Macroeconomic Objectives The Financial Policy: Objectives:

 

First Objective: Correcting the Public Expenditure Structure

 

Second Objective: Diversifying the structure of public revenues and increase the revenue of non-oil revenues.

 

Third Objective: Addressing the real deficit in the public budget

 

Fourth Objective: Improving the overall financial management

 

Fifth Objective: Raising the private saving rates

 

 

The Monetary Policy:

Objectives:

 

First Objective: Preserving the inflation rates within the limits of one decimal class

 

Second Objective: Preserving the stability of the local currency exchange rate

 

Third Objective: Strengthening the principles of disclosure, transparency, monitoring and establishing governance systems in the Iraqi banking sector

 

Fourth Objective: Enhancing the financial inclusion

 

Fifth Objective: Working on creating a growth-driven credit activity.

 

Sixth Objective: Strengthening the foreign exchange reserves.

 

Seventh Objective: Combating money-laundering phenomenon

 

Eighth Objective: Activating the role of the Central Bank of Iraq in enhancing the monetary and financial integration including capital markets, banking and investment institutes and insurance companies.

 

Ninth Objective: Adopting information technology in the work mechanisms of the Central Bank of Iraq.

 

   http://www.iraq-jccme.jp/pdf/archives/nationaldevelopmentplan2018_2022.pdf

Edited by Butifldrm
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Prime Minister .. Directing the publication of the text of the government program to be a binding document before the people

07/02/2019 07:29 PM | Number of readings:

Prime Minister .. Directing the publication of the text of the government program to be a binding document before the people

 


Prime Minister .. Directing the publication of the text of the government program to be a binding document before the people
"The government has completed its program (2019-2022), which represents a road map for its work and a document," Abdel Mahdi said in a statement received by the newspaper. "The government pledged to complete it within 100 days from the beginning of the life of the government, and to turn this program into a detailed ministerial platform. Ministerial and from the competent authorities " That "the Prime Minister Adel Abdul Mahdi, the publication of the text of the government program (2019 - 2022) to be binding document before the people."

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"The Covenant" publishes the text of the government program 2019-2022, announced by Abdul Mahdi

 07/02/2019 07:56 PM | Number of readings:

"The Covenant" publishes the text of the government program 2019-2022, announced by Abdul Mahdi

"The Covenant" publishes the text of the government program 2019-2022, announced by Abdul Mahdi
Al-Ahed News published the text of the government program (2019_2022) on Thursday, which Prime Minister Adel Abdul-Mahdi published to be a binding document to the people.

Below is the link to the government program (2019_2022)

 https://drive.google.com/file/d/1Tb5yRjSMvzc_W1nrFktH9CZHRGIbv-hg/view

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13 hours ago, Butifldrm said:
127251.jpg?width=750&&height=375
 
2019/02/07 19:56
  • Number of readings 1727
  • Section: Iraq
  •  

The obelisk publishes the text of the government program 2018-2022

Baghdad / obelisk: the obelisk publishes the text of the government program 2018-2022:

 

http://almasalah.com/ar/news/163330/المسلة-تنشر-نص-البرنامج-الحكومي-2018-2022

 

I have tried to translate the above plan but it is encrypted.  So I did a search  and found the following.  I am only going to post the information on monetary policy. Here is the link for further investigation:

 

http://www.iraq-jccme.jp/pdf/archives/nationaldevelopmentplan2018_2022.pdf

 

National Development Plan 2018 – 2022

 

The plan aims to achieve a significant improvement in the citizens ‘standard of living by ensuring the promotion of suitable employment opportunities in addition to maintaining inflation rates at the lower levels through the adoption of financial and monetary policies that maintain the stability of prices and stability of the exchange rate in addition to maintaining as much as possible to support system" rel="">support low-income groups Through social security networks and continued support system" rel="">support ration card.

Fourth: Capital formation of the public and private sectors The data available for the measure year 2015 indicated that the contribution of the private sector in the capital formation was about 34.7% compared to 65.3% of the public sector. And in light of the relevant economic orientations and polices, the national development plan 2018 – 2020 aims to enhance the role of the private sector and to work on preparing the proper opportunities to carry out its true role in the development process especially in light of the decline of the state's 22 role and the suspension of many government projects due to the financial crisis and the reduced volume of available financial income and in this orientation, the development plan aims that the contribution of private sector investments in the year 2022 to reach about 38.3% compared to 61.7% for the public sector as shown in the following table

 

image.thumb.png.08d9b2843bd81d01332290b6c265f022.png

 

Macroeconomic Objectives The Financial Policy: Objectives:

 

First Objective: Correcting the Public Expenditure Structure

 

Second Objective: Diversifying the structure of public revenues and increase the revenue of non-oil revenues.

 

Third Objective: Addressing the real deficit in the public budget

 

Fourth Objective: Improving the overall financial management

 

Fifth Objective: Raising the private saving rates

 

 

The Monetary Policy:

Objectives:

 

First Objective: Preserving the inflation rates within the limits of one decimal class

 

Second Objective: Preserving the stability of the local currency exchange rate

 

Third Objective: Strengthening the principles of disclosure, transparency, monitoring and establishing governance systems in the Iraqi banking sector

 

Fourth Objective: Enhancing the financial inclusion

 

Fifth Objective: Working on creating a growth-driven credit activity.

 

Sixth Objective: Strengthening the foreign exchange reserves.

 

Seventh Objective: Combating money-laundering phenomenon

 

Eighth Objective: Activating the role of the Central Bank of Iraq in enhancing the monetary and financial integration including capital markets, banking and investment institutes and insurance companies.

 

Ninth Objective: Adopting information technology in the work mechanisms of the Central Bank of Iraq.

 

   http://www.iraq-jccme.jp/pdf/archives/nationaldevelopmentplan2018_2022.pdf

 

Here is some more information on monetary policy from the 2018 -2022 plan at the MOP

 

Objectives and trends of the macroeconomic policy The most important challenges to the NDP (2013-2017) were the low efficiency of institutional performance, over-staffed administration, low labour productivity and prevalent administrative and financial corruption in addition to economic problems and challenges including steady deterioration of investment climate due to various political, economic, legal and regulatory factors, which affected the FDI flows and the ability to attract them not to mention the structural deficiencies of production, balance of trade and public budget. Other, equally important challenges included the rising (internal and external) public debt, lagging banking system, expanding informal sector and limited and poor private sector participation in economic development.

 

The Iraqi economy has, for many years, relied heavily on oil revenues, which constituted the main driver of economic growth and sustained the momentum of massive imports and large-scale spending. However, the decline and fluctuation in these revenues, as during the 2008-2009 crises and until 2014 showed that these policies failed to support growth and increase employment, which highlights an important outcome: the public sector-driven economic activities are no longer able to address for the decline in oil revenues, improve economic growth or employ new entrants.

The above clearly underlines the need to shift to other growth policies based on economic diversification. This requires policy changes and reforms, such as:

 

• Shift from reliance on oil to other economic activities.

• Encourage private sector market-oriented investments.

• Gradual opening up to foreign markets.

 

Chapter Three: Macroeconomic Framework 61 National Development Plan 2018 2022

 

• Restore the natural growth components of production sectors.

 

• Fully harmonise fiscal and monetary policies to ensure optimal domestic use of capital accumulation and limit its outflows.

 

Realizing these transformations will be through economic reform policies and expansion of private investments, including FDI, which in turn requires the expansion and liberalisation of basic services such as electricity, transport, communications, banking, tourism and infrastructure, which are essential for expanding trade. It also requires a conducive environment to encourage private investment in the national economy as well as institutional changes and restructuring, which are key to future modernisation and revitalisation of economic capabilities in addition to business automation and support to technological development. The new development orientations include income/revenue diversification in the Iraqi economy, expanding the production base, boosting the value added, achieving high GDP growth and establishing a stable macroeconomic environment while increasing investments in selected development sectors.

 

Below are the most important recommendations and proposals that are key to Iraq’s economic policy:

 

1. Prioritise investments according to economic and social needs while continuing the transition to market economy and transformation and integration with the outside world.

 

2. Give the Iraqi infrastructure sector top priority because it is key to subsequent development and provide the requirements of all economic activities and events as well as the essential services to citizens.

 

3. Identify the means, tasks, measures and procedures required to activate and develop the (domestic and foreign) private sector by providing an opportunity to re-establish it as an active partner. Private sector has critical role in economic growth and economic, social and technological development.

 

4. Focus on economic diversity and ease reliance on a single source of income to increase the GDP contribution of other sectors and economic and service activities and finance the public (current and investment) budget.

 

5. Strengthen the financial and banking system to support economic development.

 

6. Enhance the role of government institutions and improve their effectiveness through establishing and implementing an appropriate framework for business regulation and rule of law. 3.3.1.

 

Financial policy Challenges

 

• Continued imbalance in the structure of public expenditure favouring current rather than investment spending, which increases in the levels of total effective demand in the economy.

 

• Low flexibility of the production system and poor response to spending increases, which leads many bottlenecks in the Iraqi economy and increases its exposure.

 

• Oil revenues are still the main source of financing the public budget, which makes the economy vulnerable to fluctuations of international oil prices.

 

• Lack of modern budgeting methods and strategic planning.

 

• The fluctuations of global crude oil prices have caused macroeconomic instability and increased investment risks in the non-oil sectors.

 

• The weak contribution of other sources of fiscal revenues, especially taxes and duties, had kept the low ratio of non-oil revenues to total public revenues.

 

• Weak private sector with poor contribution to economic activity.

 

Chapter Three:

 

Macroeconomic Framework 62 National Development Plan 2018 2022

 

Objectives

 

Objective 1: Adjust the structure of public spending Means of achievement:

1. Increase the ratio of investment spending to total public expenditure.

2. Reduce the current expenditures to match the average population growth rate (3%) and the overall increases in prices.

3. Reduce the budget deficit.

 

Objective 2: Diversify the structure of public revenues and increase the non-oil revenues Means of achievement:

1. Expand and diversify the tax base by introducing new taxes and controlling tax evasion.

2. Continue to reduce the scope of tax exemptions.

3. Introduce new measures to increase the collection of fees and fines as well as state dues.

4. Improve the efficiency of the tax system.

5. Phase out the subsidies to basic services in the economy.

6. Widen the tax base.

 

Objective 3: Address the real deficit in the state budget Means of achievement:

1. Use oil revenues to implement economic and social development projects, which would provide a sustainable and more stable source of fiscal revenues.

2. Increase the non-oil budget resources.

3. Stick to the policy of controlling public spending and apply the ceiling criteria in public expenditure.

4. Encourage the existing banks to expand investment financing.

 

Objective 4: Improve the management of public finance Means of achievement:

1. Gradually shift to programme- and performance-based budgets, which allows better follow-up and evaluation of public expenditure.

2. Introduce a scientific and leadership approach in monitoring and follow-up through clear identification of responsibilities and transparent and fair implementation of related policies.

3. Improve the accounting and auditing systems.

 

Objective 5: Increase the levels of private savings

Means of achievement:

• Create new channels to attract small savings and use them in profitable investments.

 

Chapter Three: Macroeconomic Framework 6 64 National Development Plan 2018 2022

 

Objective 5: Create credit activities that stimulate growth Means of achievement:

1. Expand the national banks credits to the private sector;

2. Provide credits to SMEs and improve their access to financing;

3. Provide banking credit and financing;

4. Increase the capital of specialised banks to help achieve the economic and social development objectives.

 

Objective 6: Strengthen the foreign exchange reserves Means of achievement:

1. Diversify the methods of foreign exchange reserves;

2. Diversify the sovereign portfolio;

3. Create a fund to support investment stabilisation (sovereign fund).

 

Objective 7: Combat money laundering Means of achievement:

1. Banks should fully comply with Money Laundering Law No. 93 of 2004;

2. Activate and create monitoring and payment systems to upgrade the monitoring tools and systems;

3. Determine the frameworks and procedures to be implemented by the banks and financial institutions to prevent such kind of crimes.

 

Objective 8: Activate the role of the Central Bank of Iraq in promoting monetary and financial integration, including capital markets, banking and investment institutions and insurance companies Means of achievement:

1. Update instructions and controls and upgrade financial and administrative systems, regulations and instructions; 2. Harmonise financial and monetary policies to ensure development, stability and economic balance.

 

Objective 9: Introduce IT to the work of the Central Bank of Iraq. Means of achievement:

1. Develop and update a new banking system responding to the current and future requirements of the monetary and credit policy;

2. Ensure quality assurance in the financial services;

3. Build a bank connection system to perform retail banking transactions (ATMs, mobile phone transfers, credit/debit cards);

4. Make serious efforts to develop and upgrade the software of the Iraqi payment system.

 

Chapter Three: Macroeconomic Framework 65 National Development Plan 2018 2022 3.3.3.

Trade policy Challenges

1. Dumping the Iraqi market with imported goods and services has discouraged potential investors because they cannot compete with the imported products.

2. Low competitiveness of local products in terms of prices and quality.

3. The poor enforcement of customs duties on imported goods has led to:

4. Discouraging local producers.

5. Increasing unemployment rates.

6. Decreasing non-oil revenues.

7. Undermining local manufacturing initiatives.

 

Objectives

Objective 1: Improve the competitiveness of local products Means of achievement:

1. Improve production efficiency in private and public production and service sectors;

2. Contribute to building a conductive business environment for private and public production and service sectors; 3. Diversify the production base of the industrial sector and enhance economic efficiency.

 

Objective 2: Increase the public budget revenues Means of achievement:

1. Impose customs duties on luxury products to increase the budget revenues;

2. Regulate ministry imports and set the required conditions and controls;

3. Diversify the manufactured exports.

 

Objective 3: Achieve balance in the balance of payments Means of achievement:

1. Increase commodity exports to ensure positive balance of trade;

2. Reduce the unjustified commodity imports and control the whole import process;

3. Regulate the import process and reduce economic exposure.

 

Chapter Three: Macroeconomic Framework 66 National Development Plan 2018 2022

 

Objective 4: Strengthen the national production Means of achievement:

1. Improve the quality of national products and ensure their access to local markets to enhance their competitiveness against imported items;

2. Coordinate between trade policy and financial and monetary policies to reduce overall costs for local producers and improve their competitiveness;

3. Activate the law on the protection of national products against harmful international trade practices (dumping, etc.).

 

Objective 5: Increase commodity exports Means of achievement:

1. Activate the export subsidy fund and support the Iraqi commodity exports;

2. Contribute to developing structural economic reforms and activate the performance of production sectors.

 

Objective 6: Maximise agricultural and industrial production Means of achievement:

• This objective is integrated in the policy framework of production sectors.

 

Objective 7: Ensure coordination between the macro-economic policies in Iraq Means of achievement: • Strengthen coordination and connection among the trade policy sectors (fiscal, monetary, credit and banking).

 

https://mop.gov.iq/en/static/uploads/8/pdf/1545900842d4eeeef48c6122449898d79a86b841fb--خطة التنمية الوطنية (انكليزي).pdf

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3.3.2. Monetary policy Challenges

 

1. Poor harmony and coordination between the financial and monetary policies in Iraq.

2. Steady increase in money supply as a result of the continued expansionary spending policy, which exacerbates inflationary pressures.

3. Continuing the open import policy may negatively affect the IQD exchange rates.

4. Limited role of banks in financing private development investments, which contradicts the policy calling for a major role of the private sector in development activities.

5. Low impact of interest rates on the volume of credit granted by private banks, which weaken private sector investments in the national economy.

6. Low interest rates on savings vis-a-vis high interest rates on bank credit.

 

Objectives Objective

1: Keep inflation within the one-digit levels Means of achievement:

 

1. Manage the money supply in favour of deposits;

2. Apply interest rates that encourage savings.

 

Objective 2: Maintain the stability of IQD exchange rates Means of achievement:

1. Adapt the public spending trends to the requirements of economic growth;

2. Continue the selling of foreign currency according to market needs. Objective

3: Enhance disclosure and transparency and monitoring principles and establish a governance system in the Iraqi banking sector Means of achievement:

 

1. Introduce the required changes toward this end;

2. Use the comprehensive banking system.

 

Objective 4: Enhance financial inclusion Means of achievement:

 

 

1. Enhance banking services by improving access to banking services for all Iraqis; 2. Disseminate the financial and banking culture;

3. Encourage the opening of branches of local and foreign banks and expand their geographic coverage.

 

Chapter Three: Macroeconomic Framework 64 National Development Plan 2018 2022

 

Objective 5: Create credit activities that stimulate growth Means of achievement:

1. Expand the national banks credits to the private sector;

2. Provide credits to SMEs and improve their access to financing;

3. Provide banking credit and financing;

4. Increase the capital of specialised banks to help achieve the economic and social development objectives.

 

Objective 6: Strengthen the foreign exchange reserves Means of achievement:

1. Diversify the methods of foreign exchange reserves;

2. Diversify the sovereign portfolio;

3. Create a fund to support investment stabilisation (sovereign fund).

 

Objective 7: Combat money laundering Means of achievement:

1. Banks should fully comply with Money Laundering Law No. 93 of 2004;

2. Activate and create monitoring and payment systems to upgrade the monitoring tools and systems;

3. Determine the frameworks and procedures to be implemented by the banks and financial institutions to prevent such kind of crimes.

 

Objective 8: Activate the role of the Central Bank of Iraq in promoting monetary and financial integration, including capital markets, banking and investment institutions and insurance companies Means of achievement:

1. Update instructions and controls and upgrade financial and administrative systems, regulations and instructions; 2. Harmonise financial and monetary policies to ensure development, stability and economic balance.

 

Objective 9: Introduce IT to the work of the Central Bank of Iraq. Means of achievement:

1. Develop and update a new banking system responding to the current and future requirements of the monetary and credit policy;

2. Ensure quality assurance in the financial services;

3. Build a bank connection system to perform retail banking transactions (ATMs, mobile phone transfers, credit/debit cards);

4. Make serious efforts to develop and upgrade the software of the Iraqi payment system.

 

Chapter Three: Macroeconomic Framework 65 National Development Plan 2018 2022

3.3.3. Trade policy Challenges

1. Dumping the Iraqi market with imported goods and services has discouraged potential investors because they cannot compete with the imported products.

2. Low competitiveness of local products in terms of prices and quality.

3. The poor enforcement of customs duties on imported goods has led to:

4. Discouraging local producers.

5. Increasing unemployment rates.

6. Decreasing non-oil revenues.

7. Undermining local manufacturing initiatives.

 

Objectives

Objective 1: Improve the competitiveness of local products Means of achievement:

1. Improve production efficiency in private and public production and service sectors;

2. Contribute to building a conductive business environment for private and public production and service sectors; 3. Diversify the production base of the industrial sector and enhance economic efficiency.

 

Objective 2: Increase the public budget revenues Means of achievement:

1. Impose customs duties on luxury products to increase the budget revenues;

2. Regulate ministry imports and set the required conditions and controls;

3. Diversify the manufactured exports.

 

Objective 3: Achieve balance in the balance of payments Means of achievement:

1. Increase commodity exports to ensure positive balance of trade;

2. Reduce the unjustified commodity imports and control the whole import process;

3. Regulate the import process and reduce economic exposure.

 

Chapter Three: Macroeconomic Framework 66 National Development Plan 2018 2022

 

Objective 4:

Strengthen the national production Means of achievement:

1. Improve the quality of national products and ensure their access to local markets to enhance their competitiveness against imported items;

2. Coordinate between trade policy and financial and monetary policies to reduce overall costs for local producers and improve their competitiveness;

3. Activate the law on the protection of national products against harmful international trade practices (dumping, etc.).

 

Objective 5: Increase commodity exports Means of achievement:

1. Activate the export subsidy fund and support the Iraqi commodity exports;

2. Contribute to developing structural economic reforms and activate the performance of production sectors.

 

Objective 6: Maximise agricultural and industrial production Means of achievement:

• This objective is integrated in the policy framework of production sectors.

 

Objective 7: Ensure coordination between the macro-economic policies in Iraq Means of achievement: • Strengthen coordination and connection among the trade policy sectors (fiscal, monetary, credit and banking).

 

https://mop.gov.iq/en/static/uploads/8/pdf/1545900842d4eeeef48c6122449898d79a86b841fb--خطة التنمية الوطنية (انكليزي).pdf

Edited by Butifldrm
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«Morning» publishes the government program 2018-2022

 
Baghdad / Al-Sabah 
On the instructions of Prime Minister Adel Abdul Mahdi, the Prime Minister's Media Office issued the text of the government program 2018-2022, to serve as a "binding document before the people". The morning published in its internal pages a summary of the most important paragraphs in the program. Full via downloading from the website
(www.alsabaah.iq).
"The government has completed its program, which represents a road map for its work and a binding document of commitment to the members of the government before the people and the House of Representatives. It calls for cooperation between the three authorities to implement it. The government promised to complete it within 100 days of the government's beginning. The program was submitted to a detailed ministerial platform, with the participation of a ministerial working group and the competent authorities. "
The government program follows the introduction and the approval form signed by Abdul Mahdi and his cabinet ministers: the mechanism of evaluation and follow-up of the implementation of the governmental program, five main axes consisting of 195 paragraphs detailing the completion of building the foundations of the state, enhancing internal and external security, services and optimal use of energy, water resources, rule of law, , As well as the commitments of non-ministry entities, as well as two annexes containing new projects and supplementary projects, and identified the stakeholders in the implementation of the government program in four directions: the Presidency of the Council of Ministers, ministries K , Non-related to the Ministry, the provinces.
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12938.jpg
 

 

  

 Emaar Construction


Economy News _ Baghdad

The Council of Ministers approved on Monday the disbursement of allocations to the provinces within the Federal Budget Law for the fiscal year 2019 commensurate with the ministerial curriculum.

"The approval of the disbursement of provincial allocations within the budget of 2019 included the allocation of 20-25% for the education sector, while 10% was allocated to the health sector, 20% to the municipal sector and 10% to the sector. Electricity, 5% for the security sector, 5% for the youth and sports sector, and 25-30% according to the specificity of each governorate, as it is entitled to spend it in any governmental sector to withdraw the need of the province and its priorities indicated in the Ministry of Planning.

The statement added that "the decision stressed the priority of the completion of projects lagging high completion rates, which have a positive and positive impact is reflected strongly on the lives of citizens, taking into account not to exceed the cost of new strategic projects about 15% of the total allocations of each province, Districts and areas of the province in the implementation of projects commensurate with the priorities and the importance of each project. "

The statement pointed out that "the decision required the provinces to fill out the form of preparation of the government program for the years 2019-2022 prepared by the General Secretariat of the Council of Ministers and the distribution of projects according to the proportions mentioned, and submitted within a maximum of 15 days," noting that "the decision will also rely on data Ministry of Labor And social affairs in determining the proportion of the unemployed.


Views 49   Date Added 11/02/2019

 
 
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 Distribution and accountability then jobs equals citizen's with money to spend  :twothumbs:

Thank you Yota and good morning DV.  :D

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The Cabinet approves the disbursement of allocations of governorates and sectors in accordance with the Ministerial Platform

09:52 - 11/02/2019

 
image
 
 

Baghdad - Mawazine News 
The Council of Ministers approved the disbursement of allocations of provinces and sectors according to the ministerial curriculum. 
The Council of Ministers approved the disbursement of the total allocated to all provinces within the Federal Budget Law for the fiscal year 2019 commensurate with the ministerial curriculum. 
10% for the health sector, 20% for the municipal sector, 10% for the electricity sector, 5% for the security sector, 5% for the youth and sports sector, 25% for the education sector, 30% according to the specificity of each province, as it is entitled to spend in any government sector to withdraw the need for the province and priorities indicated in the Ministry of Planning.
"The decision also stipulates that priority should be given to the completion of projects with a high rate of achievement, which have a positive impact and a strong impact on the lives of citizens, taking into consideration that the cost of new strategic projects exceeds 15% of the total allocations of each governorate, Districts and areas of the province in the implementation of projects commensurate with the priorities and the importance of each project. " 
"The decision obliges the provinces to fill out the form of the government program counter for the years 2019-2022 prepared by the General Secretariat of the Council of Ministers. The projects shall be distributed in accordance with the said percentages and shall be submitted within a maximum period of 15 days." 
The decision referred to the adoption of data from the Ministry of Labor and Social Affairs in determining the percentage of the unemployed. According to the Secretariat's statement

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10:50
Last updated
The time now is 10:59 AM
260
 
 
BAGHDAD / Al-Ghad Press: 

Prime Minister Adel Abdul-Mahdi, on Tuesday, the implementation of the ministerial platform deadlines. 

In a statement received by Al-Ghad Press, a copy of which was received by the Prime Minister, the Prime Minister said that during the meeting of the fifth ordinary cabinet meeting held on 5/2/2019, ministers and heads of non-ministerial bodies implemented the detailed ministerial plan, Road and a binding document binding the implementation of the members of the government before the people and the House of Representatives. "

"This was based on the provisions of Article (76) of the Constitution, which requires cooperation between the three authorities to implement it," the statement said.
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11-02-2019 11:04 AM

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Baghdad / News

The Council of Ministers approved the disbursement of all allocated to all provinces within the Federal Budget Law for the fiscal year 2019 commensurate with the ministerial curriculum .

A statement issued by the council said that "the decision stipulates allocating 20-25% to the education sector, 10% to the health sector, 20% to the municipal sector, 10% to the electricity sector, 5% to the security sector and 5% to the sector. Youth and sports, and 25 to 30% according to the specificity of each province, as it has the right to spend in any government sector to withdraw the need of the province and priorities indicated in the Ministry of Planning ' .

He added, "The text of the resolution also to take into account the priority of the completion of projects faltering with global delivery rates, which have a positive and positive impact is reflected strongly on the lives of citizens, taking into account not to exceed the cost of new strategic projects about 15% of the total allocations of each province, and taking into account the equitable distribution of all districts and areas Maintenance in the implementation of projects commensurate with the priorities and the importance of each project ' .

He explained that 'the decision obligating the provinces to fill out the form of counter the government program for the years 2019-2022 prepared by the General Secretariat of the Council of Ministers and the distribution of projects according to the ratios mentioned, and submitted within a maximum of 15 days' .

The resolution referred to the 'adoption of data from the Ministry of Labor and Social Affairs in determining the percentage of unemployed' .

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Strategy for the advancement of the industrial sector in Iraq

 
Amer Eissa Al-Jawahiri
 

In spite of the lack of interest by the various parties in the conference organized by the Ministry of Industry and Minerals in the Baghdad International Exhibition Hall on 30/1/2019 under the slogan "the role of the industrial sector in the implementation of the government program." The advancement of the industrial sector and increase its share in domestic output and diversification of the economy requires adoption A range of axes including:

Industrial strategy
It is necessary to activate and ensure the achievement of fruitful and semi-monthly meetings of the Industrial Coordinating Council recommended by the Iraqi Industrial Strategy adopted by the Iraqi government in June 2014 and to maintain its vision and issue and follow up the implementation of effective decisions in each sector and priorities with high flexibility with the gradual start of forming and activating the work of the sub-units of the Council In the light of the progress of work and priorities, with representatives of the private sector and civil society. It also includes the orientation for the implementation of strategic industrial projects and in coordination with councils 
Governorates.
It is time to start the actual quiet steps to restructure public companies and prioritize the move to them with changing the methodology of public companies management to ensure that achieve maximum productivity and profitability and follow the departments of public and mixed companies and private sector employers to support system" rel="">support the needs of 
Their success.
 
Investment and partnership
The success of attracting investment requires the formation of a national team for investment and partnership in the Ministry of Industry and Minerals with the help of international and local consultants at all stages, with quarterly follow-up of performance and realization and implementation of large strategic projects in a partnership with private foreign and local private sector management team full-time representative of each project with special powers, Assisted by the finance team, with the approval and initiation of procedures to transform 4 public companies into joint stock companies.
The periodic review of the process of attracting investment in the industrial sector, developing the methodology and method of preparation, advertising and promotion of investment opportunities and types, nature and priority of selected projects and follow-up investigations; the draft law of partnership is still in the corridors of the Cabinet recommend a comprehensive review by a wide range of owners Interest in preparation for promotion.
 
Private industrial sector
It is necessary to provide maximum support system" rel="">support for the completion of the industrial cities in Basrah / Khor Al-Zubayr and Nasiriyah and their successful operation during the year 2020 and the activation and restructuring of the Higher Committee of Industrial Cities under the chairmanship of HE the Minister of Industry and Minerals to proceed with the procedural steps for the industrial cities. In Najaf, Anbar and Ninewa, including research and negotiation with investors and developers to find a mechanism for implementation 
And finance.
At the same time, support system" rel="">support the establishment and operation of small and medium enterprises for the private industrial sector in all governorates, taking into account the comparative advantage and competitiveness and address the challenges facing their success and the actual start of the provision of industrial loans unlimited amounts and low interest rates and long repayment ranges with the facilitation of lending conditions, mechanisms and guarantees, Development "or" Industrial Bank "and the guarantee of the project, in addition to the guarantee of the organization and the industrial reputation and taking into account the priority of production planned coincided with the follow-up and careful monitoring and transparency of the actual implementation of the project.
The importance of supporting the establishment and expansion of the activity of business development centers and the provision of technical, marketing and financing support system" rel="">support to craft and cooperative projects and their associations is linked to this support system" rel="">support. It is possible to study the steps of converting parts of the lands of public companies to establish small private industrial projects and entrepreneurs' projects according to transparent and professional standards and conditions.
The need for exceptional attention to the success of the work of all the companies of the mixed sector as the example adopted in front of the trend of public-private participation in the steps of turning public companies into joint stock companies.
It is useful to withdraw the draft of the Industrial Cities Law before the House of Representatives and reconsider it again by the relevant stakeholders within a specified period and mechanism to complete and consolidate its provisions before enacting it. We also recommend the Ministry of Industry and Minerals to review the draft law of small, medium and small enterprises in the same way,
Later.
 
Initiative, Success Stories and Government Curriculum 2018-2022
 Practical steps must be taken to ensure the successful operation and profitability of all companies of the Ministry of Industry with their maximum cards and the financing methods and various partnerships available to achieve this; and to conduct the actual implementation of a number of major projects in the form of partnership or investment according to a clear executive program and the establishment of a higher implementation body with A project such as: petrochemicals, fertilizers, iron and steel in Basra, new phosphate in Anbar and the major industrial city in Basra - Khor al-Zubayr and others,Taking into account the compatibility of the adoption and implementation of a plan to support system" rel="">support the establishment of pharmaceutical production plants by direct investment by the private sector and to provide all exemptions, guarantees and privileges available under the laws in force for their relationship to medical security, supporting the successful operation and protection of the local product of existing private industrial projects, Full facilities for domestic product exports, which stimulates the establishment of new industries.
Any steps to improve the productivity, expansion, operation, profitability and competitiveness of existing and new factories in the public, mixed and private sectors contribute to the result by improving their economies, increasing the participation of manufacturing in GDP and increasing opportunities. 
the work.
It is also important to raise the level and volume of cooperation between industry, universities, research institutions and private sector organizations to achieve a qualitative leap in the areas of research and development, technology transfer, productivity improvement and the actualsupport system" rel="">support of entrepreneurs to transform their ideas into productive projects.
To allocate funds for the rehabilitation of public companies when necessary and to confirm their feasibility and guarantees the restoration of what is spent on rehabilitation in the programs of operation and marketing. It is also logical to study the needs and mechanism of the rehabilitation processes of the mixed and private sectors and the feasibility of this.
We recommend the establishment of industrial parks serviced outside the municipal boundaries in all governorates in which the land is allocated for the establishment of small industrial projects and craft with special support system" rel="">support for their success in addition to providing special support system" rel="">support to the existing small industrial areas.
 
* Member of the Baghdad Economic Forum

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New facilities to create a successful business environment in Iraq

 
 
 
Baghdad / Farah Al-Khafaf
 
The weakness of the investment sector in Iraq and its negative impact on the implementation and completion of many projects related to infrastructure and housing, and others, for reasons of security and legal over the past period, the National Investment Commission to overcome part of the obstacles facing the investor, To create greater flexibility in the law that can be developed according to the latest developments and conditions in the country.
Facilities to attract investors
The National Investment Commission has established three procedures to attract international companies, after Iraq has become a safe environment and suitable for the entry of investments and direct implementation of strategic projects of interest to the citizen.
"The Authority has taken measures to facilitate the entry of investors and help them to work and invest in," Sami Al-Araji, head of the agency, told Iraqi News Agency (INA) Country ". 
Noting that "among those measures to raise the features of entry, customs exemptions, and tax exemptions," and noted Araji that "these actions have borne fruit by increasing investment projects in Baghdad and the provinces."
"There are many contacts from home and abroad to promote investment in Iraq after it has become a safe and appropriate environment, including the embassies of the states in Baghdad to give signals to the companies of their countries and investors to enter Iraq, which has become better than it was much."
 
Lack of strategic projects
For his part, said the economic expert on behalf of Antoine in a statement to the "morning" that "the investment sector in Iraq suffers a great weakness, and not the level of ambitions drawn by the concerned authorities, for several reasons, most notably the country's difficult security conditions led to a significant shortage in Strategic projects fill the citizen's need for services Necessary. 
In addition to the legislative and legal environment that requires time to issue laws, legislation and decisions related to this area. "
Antoine believes that "investment in general needs a flexible law that develops according to the circumstances experienced by the country, in addition to the instructions and decisions that are consistent with it, through economic openness and expansion, which needs capital, competencies and technology."
The expert pointed out that "there is a lack of services in several areas, most notably: the housing sector, the country needs one million housing units, in the industrial sector there are 250 thousand projects in the public sector, and 50 thousand projects for the private sector, as well as projects in the services sector Electricity, sewage and rain), all of which need to be achieved through investments Partnerships ".
 
Proper investment requirements
He pointed out that these projects need a law that develops with this process to build a sound investment base, create job opportunities for the unemployed, reduce poverty rates in the country, and build a private private sector with the ability to share the public sector in many areas, .
He called on Antoine to "apply the government curriculum and investment plans correctly and properly, to provide an appropriate business environment, through coordination between the ministries and departments of the State with the Investment Authority, accompanied by decisions and instructions to achieve an investment climate attractive to international companies honest, characterized by transparency and the removal of obstacles and follow-up and beating firmly on Corruption ".
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Iraq has gone a long way in developing its international relations

 
 
Baghdad / Al-Sabah
 
The Joint Dialogue Committee between Iraq and the Gulf Cooperation Council (GCC) has begun discussing the general framework of its comprehensive implementation plan for the years 2018-2023, while the Secretary-General of the Council of Ministers said Iraq has made progress in developing its international relations.
"The joint strategic dialogue committee between Iraq and the Gulf Cooperation Council (GCC) discussed the general framework of its comprehensive executive plan for the years 2018-2023 in preparation for submission to the Council of Ministers for approval," a statement issued by the General Secretariat of the Council of Ministers said.
The Secretary-General of the Council of Ministers Mehdi Al-Alaq, while presiding over the meeting of the Committee, that "the strategic dialogue is a key factor in the development of prospects for cooperation in the areas of joint work and strengthen the working ties and cooperation between Iraq and the countries of the region, especially after the great half that Iraq has undertaken in the development of regional and international relations, , Adding "the importance of including in the plan cooperation in the areas of achieving sustainable development and the environment." 
The committee reviewed the comments of the sectoral parties on the draft general framework of the plan and its alignment with the GCC plan on activating sectoral cooperation in the fields of politics, security, economy, investment, education, culture, youth, sports, industry, transport and energy, as well as agriculture, tourism and other sectors. In a statement to the Secretariat, Al-Alak headed a meeting to automate the registration of companies in support of the private sector in the presence of representatives of the Department of Economy of the US Embassy, the United States Unicad, the registration department of the Iraqi Ministry of Commerce, Baghdad Chamber of Commerce and the Federation of Chambers of Commerce, And the Secretariat. 
The Iraqi side praised the experience, adding that "the one-window program is an important indicator in the process of upgrading the performance of relevant Iraqi institutions active in investing and moving the private sector in Iraq," and raised some remarks "on the verification of the documents filed and determinants of the choice of the name of the company and related Iraqi laws" .
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Antoine: The current tax system has not achieved social justice

 
Baghdad 
The Vice-President of the Iraqi Businessmen Association and a member of the Baghdad Economic Forum in the name of Jamil Antoine proposed the formulation of a new tax system in line with the country's philosophy, because the current tax system did not achieve social justice, which is the most important tax target.
Antoine told Al-Sabah that the redistribution of incomes among citizens was not fair, and the poorer classes have not been able to continue to take taxes from them and are sometimes progressive for those with high incomes.
Antoine notes that after 2003 there was a change in the tax system and some amendments, but unfortunately no new tax system was introduced to increase the tax base because the budget set the fees and taxes at about 10-11 trillion dinars, which is a very small number.
He stressed that taxes should be paid by those who achieve high incomes, but those who live on the edge must be exempted and exempted from them, especially the direct deduction, which has exhausted some companies, and the current tax does not create an attractive environment for the investor.
He pointed out that the state has developed a new policy called (economic visions) and (the social market economy) and this philosophy was chosen by the ministerial approach, which was introduced by Prime Minister Adel Abdul Mahdi, which was also mentioned in the five-year plan for the years (2018-2022).
Antoine said that this system means alleviating the burden of the poor and raising the standard of living and achieving social justice, income achieved, and bear the rich classes, which achieve high incomes, the biggest burden of taxes, which reduces our dependence on oil rent and contribute to the diversification of our economy also.
"When productive sectors (industrial production, agriculture, industry, tourism, transportation and services) are engaged, we mean that we will tax workers, and when the tax rate rises, the dependence on oil revenues will be reduced," he said.
He called for the operation of these sectors to pay taxes, not to pay them without work, because this is a big mistake is a return to investment, and the private sector also does not give employment opportunities, but needs to attract investments and not be repeated tax to pay more than once.
Current tax system
Antoine is one of the main drawbacks of the current tax system, which needs to be amended. "It is important to redistribute income to the classes that are able to pay, and the entities and companies operating in Iraq must follow up with taxes," he said.
He pointed out that there is a big imbalance in the collection and the difference between large tax collection in large numbers and that remain specific to a certain party can not achieve anything, for example we have a budget of (100) billion dollars should not be less than the tax rates that come from about $ 10 billion .
He stressed that in the tax planning is put 10-11 trillion dollars, but the implementation does not exceed (3 or 4) billion dollars, and this is a major defect of the lack of follow-up, as well as the existence of high-income companies have special methods to evade taxes, adding that many owners of income The high hide their real incomes and evade in various ways and make it a slip, but in fact the weakness of belonging to the country.  
 
tariff
On another subject, Antoine said that tariffs are very necessary to protect the national productive industry which, when effective, must increase the tariff on the importer to protect our industry and all products to provide us with additional income and an increase in state revenues.
He pointed out that the former prime minister formed a working group to reduce expenditure and increase revenues and the operation of the private sector, but did not create jobs for the private sector, but the process of raising revenues and did not reduce expenditures.
"So we see the budget distorted, 75 percent of them go to operating expenses, while the investment budget of 20-25 percent is not implemented contrary to the operation that is carried out all, and the rest depends on oil revenue.
He stressed the need to adopt 
The budget on creating investment opportunities and productive sector to reduce dependence on 
Oil revenues as a single source, which is subject to the reality of the oil market, which is a constant variable. 
He pointed out that the tariff is required and determined by the reality of the production of the market in order to encourage production must be raised 
The rate of customs tariff on goods that have an equivalent in Iraq, and we see that there is evasion of customs tariff and corruption 
Large, there are goods and goods whose value is not announced and is not paid 
The real tax on this and this calls for a global price to be committed away from the mood and opinion of the importer and needs an efficient and professional tax system to implement that. 
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