Iraqi government adopt a strategy to increase public spending and a five-year plan to reform the economic sector

[PPG]

ا. Deputy Prime Minister Nuri Shaways Rose and the President of the Economic Commission-governmental organizations, the government is moving towards increased public spending and that there is a five-year plan to reform the Iraqi economy.

He Shaways in his speech at a seminar situation in Iraq as seen by the donors, said his government Anrkz on (the size of public spending), but on (the structure of public spending), both influential in determining the role of the state in economic activity and believe that spending should be expanded and not vice versa, but its structure must be corrected towards the gradual withdrawal of government from the productive and service sectors by the possibility of the private sector on the occupancy and the extent of their importance and direct spending toward areas of erecting the social environment of civilized such as health, education and municipal service and social protection networks and infrastructure such as roads, bridges, irrigation, drainage and reclamation of soil and other, and the efforts being made to improve methods budget preparation and transfer of budget items to balance the possible targets of investigation and preparation of the final balances show the efficiency of achieving those goals.

"It is different from the concept of economic reform from one country to another and from one period to another according to the circumstances experienced by the visions of economic and political sponsor, is a comprehensive program to modify the paths of the national economy to respond to developments in the international economy, any adjustment of economic policies with the changes and internal and external shocks through a package of measures, In other words, economic reform is "the process of economic, social, political, cultural and comprehensive and continuous calls for breaking the link between economic and social variables and re-drafting of the new so as to lead to the emergence of ideas, values ​​and economic and social relations a new lead to increased rates of economic growth and improving living standards of citizens." and the needs of economic policy reform to combine economic development procedure which promotes social development, and needs integration with the global economic system, and this means that the reform process of economic - social - political - cultural comprehensive, including all productive and service sectors and affect all classes and social strata, though unevenly, so that affected all reform measures.

ك. As the economic reform needs political will and consensus for a community as much as possible, and every hesitation or delay in the repair or simply repair, modify and develop some of the legislation is not in a total of only part of the economic reform.

و In a country such as Iraq suffered its economy has suffered over the several decades of excessive centralization in the management of the economy, the economic reform program is not just a necessity, but does not accept the inevitability of delay to avoid further decline and collapse in economic performance.

Proceeding from the above remarks when he and understanding of economic development as an economic process - an integrated social, it must then be integrated process of economic reform. لSo the bet on the reform in some sectors without the other sectors will not achieve the desired goals of the reform and development at the same time.

والبشرية. In this regard, we must start from the problematic task of strength to admit that the overall crisis of the Iraqi economy and imbalances deep left by the war and Alhsaralamadip and those that were produced by the period after 2003 and the collapse of state institutions requires, among other things required by initiating economic reforms aimed at expanding the base of the economy productivity, and change the structure of mono and updated, and ensuring a more equitable distribution of income and wealth, and human resource development.

From this point since we confirmed earlier that the Iraqi economy in need of radical reform, and we confirmed that the content of this reform, and the core issue which is based on how to balance in this process between the role of all economic sectors: public, private and common. In this regard, can develop the following treatises:

له. The deputy prime minister, "We Heading from the outset to adopt a policy of market economy and liberalization of restrictions and laws, bureaucracy, central, and this is what we have adopted since the change in 2003, however, we have to realize that the market mechanism alone does not lead to optimal allocation of resources. The market does not establish the same himself, and this sometimes calls for state intervention to develop rules and institutions that organize it.

And linked to the observations above, the economic reform required required provide a range of conditions, including: that stems from the actual needs of objectivity to our society at the moment of development of the current which lies in achieving sustainable development and social justice based on the potential of self on the one hand while seeking to build an interactive, balanced and commensurate with the economy World and take advantage of the positive aspects of the phenomenon of globalization, the need to activate the economic pluralism in this phase. إن المطلوب اليوم ه What is now required is to improve the performance of the national economy, Baktaath different, based on the fact that each sector role ordinance, development is required at this stage means of what is meant by making proper use of all sectors. وAnd partnership between public and private sectors of the ambitious programs, which began adopting many of the countries to implement the policy of the open market. And the need to provide a firm political will and social forces capable of putting into practice the reform project and the transfer of vocabulary into reality. و In return it is essential to overcome all hesitation or delay in the repair or sufficiency steps prosthesis. And have the reform credible requirements of the various sectors of society, and this requires to be accompanied by economic reform efforts focused and vigorous and sincere to eradicate corruption and mechanisms of production and "culture" that contributed to the previous regime planted and grown dramatically in the period since 2003 to become one of the most prominent obstacles for the development of the national economy. وby economic reform and also to achieve reform of the administrative, financial and cash, including that the tax system, in order to achieve tax justice required.

In the area of ​​macroeconomic policies in Iraq, Rose said Nuri was awarded a significant shift thanks to the reform efforts, in coordination with the Central Bank and got a lot of measures expansionary monetary policies, has dropped the interest rate from 25% to 7% and the percentage of cash reserve legal from 25% to 15%. In expansionary fiscal policy has been to focus on increasing investment allocations from 18% in 2006 to 31% in 2011 with a view to spending on infrastructure to reduce production costs in production and service sectors. أم The oil revenues that support by Iraq to finance reconstruction and development and public services are still and will be managed by the Iraqi state, which carries with it the responsibility of the expansion of government spending directed toward infrastructure destroyed in the economic sectors and the provision of public services that do not go to the private sector because it is circuit-for-profit .

Iraq was put five-year plan 2010-2014 was flexible and focused on the diversification of the Iraqi economy and correct the structural imbalance as well as focus on satisfying the demand for public services to the public and the establishment of infrastructure are important in most sectors and give priority to the energy sector in order to obtain the revenue necessary for the development of other sectors, has Committees were formed that take it upon themselves to translate those goals to spend on projects carried out within the public budgets of the State during the period, but still there is deviation between the orientations of the budget and directions of the five-year plan is supposed to bridge the.

ك The Iraqi government is working to develop an integrated strategy for investment financed in substantial part, of the donors take into account the improving investment environment and develop a program to attract investors and Protozoa sector for private investment and the creation of investment zones protected.

. And that Iraq is seeking to integrate the global economy and take advantage of the system of other laws as law of consumer protection and antitrust law and the law of customs tariff and the law of small and medium enterprises and the civil service law and the law of social dialogue, as the law of economic reform in a vote in parliament contains principles of reform for all axes and sectors of economic reform committed by the authorities in sectoral legislation pertaining to national reform away from the chaos in the area of ​​economic transition and the transitional phase and includes institution dedicated to economic reform.

لقWe have reacted the Iraqi government, represented mainly the Economic Commission Supreme, under its approach to the adoption of a political market economy and private sector support, interacted with the experiences of countries that preceded it in this area, and sought to take advantage of them to develop a road map for a comprehensive economic reform is consistent with the reality and conditions of the country current and meet the requirements of development and economic development and human resources.

As I would like to mention here that we are in Iraq and we are in the process of emerging democracies promote the Iraqi parliament (Lower House), in turn, as an institution representing the political forces and economic and social development in balancing the economic challenges of internal and external, and for the balance and consistency between the reform measures Alaguetsai and the needs of social development.

نحWe in the government of Iraq, we value highly what Tkdmoh of advice and assistance, and we are ready to respond and to take reform measures for building a strong Iraqi economy operates according to market standards and criteria for cost, profit, and well-being of the Iraqi people.

Hence, we invite you to support the reform projects that are in the process of developing the vision and road map such as reform of land management and development of the capacity of the private sector and social dialogue as well as supporting projects under implementation like the road map for the reform of public companies and strategic investment and the completion of the enactment of the economic reform and building the institution, which included, as well as the need to support themes Other reform on administrative reform as it is impossible for economic reform to be launched Donna for administrative reform of its facilities in order to improve the business environment and reduce red tape and the adoption of new methods in the administration

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[nowhammies]

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[HYDRANT]

THANKS PPG