Where is the Iraqi economy? !
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Where is the Iraqi economy? !

LAST UPDATE 12/30/2021 | 2:45 PM
Books / Qassem Al-Gharawi ||
The total amount that Iraq has paid over the 17 years since 2003 to today amounted to 52.4 billion dollars, which is equivalent to approximately 5 percent of its total oil revenues.
Governmental parties are trying to redirect the funds that were intended to pay compensation towards establishing sovereign funds for the future in which funds will be collected and invested internationally as a fund for generations, but the idea may not be appropriate at the present time, as the additional financial abundance estimated at 2 to 3 billion dollars annually that was allocated For Kuwait’s compensation, it is better to place it in a local development fund that participates in setting up a development program to create profitable and sustainable development projects for the fund and that are outside the authority of the government, and that contribute to strengthening national development plans, instead of the annual borrowing operations that the Iraqi government holds with international parties to pay some of its expenses or spending on projects categorized in balance
Therefore, the payment of compensation to Kuwait provides Iraq with a wider political and economic scope in its international relations at the diplomatic and commercial levels.
Economic crises must be addressed to reduce the damage caused by them, and this is done through; Maximizing the country's non-oil revenues,
Relying on the industry and overcoming the difficulties in front of it.
Reducing imports as much as possible and relying on domestic product by encouraging agriculture and providing soft loans, which provides hard currency for the central bank’s reserves to support internal projects and reduce the volume of debts and their benefits as well as a necessity
Reducing public expenditures and compressing them to the maximum extent to stop the waste of money.
Investment should also be encouraged and the private sector should be allowed to take its leading developmental role in the country.
And seriously consider real alternatives to oil and invest money from the cash flows that are available after the Kuwaiti debts have been paid, which constitute a percentage of the oil revenues.
Activating tourism in Iraq, and adopting a more flexible foreign policy in Iraq's relations with countries, especially America, in order to try to recover the money reserved for Iraq.
The widening of the gap between expenditures and revenues is widening and it is heading to a collision in the coming decades because Iraq depends on oil revenues by ninety percent, and this is a disaster because it is the only resource, and the next government should think and plan to find alternatives to oil, considering that the world is currently thinking about using clean energy In the future, which affects the fluctuations and decline of oil prices, funds must also be allocated to complete the large FAO project, which is beneficial to Iraq and is therefore a reliable resource by studying the economic feasibility of this giant project.
https://almaalomah.me/2021/12/30/573725/
RamblerNash- GURU HUNTER
- Posts : 24021
Join date : 2015-02-19

» Parliamentary Economy calls for activating the investment law for the advancement of te Iraqi economy
» Today .. Launch of the «Made in Iraq» exhibition
» A member of Parliamentary Economy talks about 3 dangerous files related to the economy, the Iraqi dinar, and the population
» Forecasts of the effects of changes in the global economy on the Iraqi economy in 2025
» Parliamentary economy is lending mechanism transferred the task of the Iraqi economy and calls to reduce import "unjust"
» Today .. Launch of the «Made in Iraq» exhibition
» A member of Parliamentary Economy talks about 3 dangerous files related to the economy, the Iraqi dinar, and the population
» Forecasts of the effects of changes in the global economy on the Iraqi economy in 2025
» Parliamentary economy is lending mechanism transferred the task of the Iraqi economy and calls to reduce import "unjust"
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» Can We Do Without The Commentary!
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt