A government adviser explains Iraq's five plan: welfare, growth and job opportunities

A government adviser explains Iraq's five plan: welfare, growth and job opportunities



Twilight News

3 hours ago

The economic adviser to the Iraqi government revealed the appearance of Mohammed Saleh on Friday that Iraq will see a remarkable change in growth in the coming years with the launch of the five-year plan for the years 2018-2022

, Saleh told Shafak News, "The plan in its objectives and principles development track will translate fact to achieve an annual growth rate In gross domestic product (GDP) is more than 7 percent, compounding welfare by more than double the population growth rate of nearly 3 percent a year. "

"Public and private investments will occupy important axes in maximizing gross domestic product (GDP) on the well-being of the individual in providing employment and employment, and the market share or the private sector in investments will be about 40 percent of the total investment of the five-year plan," he said.

He also praised the role of the private sector in the next five-year plan by "establishing the principle of partnership between the state and the private sector in investment, production and operation, which all constitute the philosophy of the plan and its principles based on the concept of the social market. Private sector ".

"In addition to the role of the state in financing the market through the development funds that facilitate the conditions for civil projects and address the same time monopolies by sponsoring the competitive activity of the market."

The Cabinet approved in its last meeting headed by Haider Abadi the five-year national development plan for the period 2018-2022.

The Council noted in a statement that "the government approved the new five-year plan, which is based on key axes, including good governance and the private sector, reconstruction in the provinces and alleviation of poverty." The plan focuses on the promotion of productive sectors (agriculture and industry) Targeted economic growth of 7 percent.

He added that the plan also included increasing production capacity in the crude oil sector to 6.5 million barrels per day, in addition to providing sustainable employment and poverty reduction.

Iraq has implemented two five-year plans, the first 2010-2014, and the second 2013-2017, and is preparing to adopt the so-called 2030 development plan.

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