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Al-Nusiri: Overcoming our economic crisis depends on stimulating production and diversifying the sources of revenue DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Al-Nusiri: Overcoming our economic crisis depends on stimulating production and diversifying the sources of revenue

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Al-Nusiri: Overcoming our economic crisis depends on stimulating production and diversifying the sources of revenue Empty Al-Nusiri: Overcoming our economic crisis depends on stimulating production and diversifying the sources of revenue

Post by RamblerNash on Thu Jan 30, 2020 9:51 pm

Al-Nusiri: Overcoming our economic crisis depends on stimulating production and diversifying the sources of revenue 18518

The economic and banking advisor, Samir Al-Nassery
 
30/01/2020

Economy News - Baghdad

Economic and banking expert, Samir Al-Nusiri, said on Thursday that the Iraqi economy, through study, analysis, capabilities, and available factors, can overcome imbalances, deviations, and poor performance in the economic structure and achieve balanced and diversified economic and structural reforms of the economy, with the assumption of transcending the objective and subjective economic conditions that Country lives.

In his speech to Al-Iqtisad News, Al-Nusairi added, “Stimulating, encouraging and supporting the private sector in accordance with the vision of the strategy of developing the private sector (2014-2030), which is based on what is stated in Article 25 of the constitution which states (developing a vital and prosperous national private sector locally and regionally competing And integrated globally with the aim of achieving economic diversification, sustainable development and job creation) is a necessary and appropriate step.

He indicated "the necessity of leaving the rentier economy dependent on 93% of oil revenues and developing other vital economic sectors, agricultural and industrial, through the restructuring of state-owned industries and the gradual shift towards the private sector, and encouraging partnerships with local and foreign investors as well as, Consider the legislative environment for the work of the industry and provide the infrastructure to secure the requirements of the work environment, and expand the establishment of industrial zones.

Al-Nusairi also counted, “Promoting the reality of agricultural production and livestock, providing effective supplies and treatments for fields and farms, maintaining irrigation and drainage projects, supporting agricultural products intended for export, improving the quality of seeds and ensuring the state’s prices, as well as providing support to small and medium-sized projects and granting soft loans, to ensure the availability of resilience and economic advancement. ".

He stressed that "the country's suffering from its suffocating economic and financial crises for the above reasons has not gone through since the 1990s and the imposition of the economic blockade, due to the lack of sincere and real intentions for reform, the loss of methodology and structural imbalance in the economy as well as the mismanagement of public funds and the failure to approve the general budget for 2020 , Not to mention disposing of the country's money without rational economic and financial planning. "

Al-Nusairi pointed out that "the reports issued by the International Monetary Fund indicate that Iraq and some of the oil-producing countries will suffer from the rent of oil and its price fluctuations down and up, which will fail all the development plans of the countries for the coming years without initiating the development of other resources and diversifying the sources of revenue, and since the country It has the elements of resilience and economic advancement and is represented by having the fourth oil reserves in the world and water resources in addition to a workforce estimated at more than 10 million people able to work, and experts in the economy and money possessing academic and executive experiences, he can overcome the crisis and other A healthy c, by providing an appropriate work environment and ensuring an encouraging investment climate to bring in private capital and contribute to economic development and stimulate the productive sectors in agriculture, industry and tourism and review the structure and presentation of the public budget.

Al-Nusairi concluded his speech by referring to the insufficient legislative environment for economic management and the laws that regulate economic work, which requires reconsideration and making fundamental adjustments for all of them consistent with the new situation of economic management, to reduce unemployment cases that rose to more than 30 percent and the poverty rate that exceeded 25 percent, which are indicators Negatives indicate the aggravation of the Iraqi economy crisis.

http://economy-news.net/content.php?id=18928
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