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Al-Nusiri proposes a strategy for achieving the administrative and economic reform revolution 20212025 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Al-Nusiri proposes a strategy for achieving the administrative and economic reform revolution 20212025

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Al-Nusiri proposes a strategy for achieving the administrative and economic reform revolution 20212025 Empty Al-Nusiri proposes a strategy for achieving the administrative and economic reform revolution 20212025

Post by claud39 Thu Jun 11, 2020 9:17 am

Al-Nusiri proposes a strategy for achieving the administrative and economic reform revolution 20212025


Al-Nusiri proposes a strategy for achieving the administrative and economic reform revolution 20212025 21394

Economy News - Baghdad

The Economic and Banking Adviser to the Association of Iraqi Private Banks, Samir al-Nassiri, Thursday, proposed a five-year strategy to achieve the economic reform revolution.

Al-Nusairi said in an interview with "Al-Iqtisad News", the reason for his launch of this strategy is "because Iraq after 17 years of economic failures, mismanagement and mismanagement of public funds due to administrative and financial corruption, the loss of the proper economic approach, political tensions and instability in the business environment led to Dependence on oil as a basic resource from the revenues of the public budget and constitutes about 93% of the total resources and the ineffectiveness of the productive sectors generating national income. "

He pointed out that "the blurring of the vision of the reform process of previous governments except for some of the accomplishments achieved by the Central Bank of Iraq during the past five years in which it exceeded the challenges of monetary policy by proportions that enabled it to maintain the stability of the dinar exchange rate and build excellent foreign exchange reserves and maintain prices and the inflation rate up to 2% This contributed to overcoming the economic and security crises in 2014 and addressing the decline in oil prices, and the continuation of the same reasons in the year 2020 is currently heading to the adoption of the Central Bank to overcome the current crises.

Al-Nusairi stressed that "the real solution to the crises of Iraq is to work in a revolutionary way, and by this I mean drawing a strategy for a road map for the administrative and economic revolution by adopting a radical and comprehensive change for the next five years, while benefiting from the experience of institutions and people in responsibility who have achieved previous success experiences in facing crises."

Al-Nusairi outlined his strategic proposals for the administrative and economic revolution as follows: -

First, starting with a systematic movement to draw a road map for administrative and economic reform carried out by the Iraqi government, economic, financial and banking competencies and the private sector, and that the reformist movement be based on several important economic pillars that adopt a new methodology for managing the economy and achieving the central goal of moving the economy from rentier to productive and that the sectors be activated Productivity other than oil, to reach it to 50% of the revenues of the public budget, create sustainable development, achieve diversity in resources, develop economic and human structures for the proper construction of the national economy, and build the premises for the transition to a social market economy.

Secondly, drawing a realistic and ambitious road map that depends mainly on managing and distributing public money in a transparent and fair manner, provided that the beneficiaries are the people’s results and outputs, and the citizen feels that his national economy, resources and goods are dedicated to ensuring decent living as mentioned in the articles of the permanent Iraqi constitution.

Third, the formation of the Supreme Council for Economic Reform to be enacted by a law binding on the ministries to implement its decisions. It has the power to monitor, monitor, and evaluate, and is formed under the chairmanship and membership of an elite group of government experts and the private sector. Its first task is to develop policies and mechanisms to diversify the sources of financing the public budget and not to rely on oil only.

Fourth ‐ Moving to the central administration of the economy so that the principle of (centralization of planning and implementation decentralization) is implemented, and this means that the Supreme Council for Economic Reform takes charge of drawing plans and policies centrally and distributes their implementation to specialized councils for reconstruction and investment and the implementation of development projects in the economic and human sphere These councils are: -

* Private Sector Council
* Construction Council  
* Small and Medium Enterprises Development Authority  
* Public Service

Council * Local Product Support and Protection Council.
 Fifth: Creating and creating the investment climate for local and foreign investors, motivating and encouraging them, and ensuring their contractual rights to attract their capital and protect them from the pressure of spoilers.

Sixth: Providing soft loans to finance small, medium and large projects and establishing a legal and institutional system for managing, developing and developing them, as well as issuing and amending the laws of the legal environment to regulate the economic process. This means issuing new laws instead of laws issued in the year 2004 because of the changes that occurred in the national economy during 17 Public .

Seventh, activating investment in the agricultural, industrial, energy, tourism, services and housing sectors, as well as working to reform, develop and develop the banking sector through monetary policy applications and regulating the relationship and restrictions that govern financial and monetary policies, as well as a serious approach to reforming the tax, financial and customs regime. And address cases of failure to achieve the required growth rates in national income and exceed the rise in unemployment and poverty rates.

Eighth: Supporting, developing and motivating the private sector and benefiting from its capabilities, capabilities, capital and investments in building the national economy and involving it in managing the economy.

Ninth: Developing a new methodology to overcome the challenges of instability in the financial system and the monetary system. This means developing balanced and coordinated plans to overcome the challenges of monetary policy, the challenges of the deficit in non-oil revenue, the deficit in the balance of payments and the trade balance.

Tenth - rebuilt a new structure for the government apparatus in line with the assertion of centralized planning and decentralization of implementation, including the adoption of a strict and disciplined market economy system, as is currently the case in China, according to Iraqi doctrine and experience, especially in economic construction, that depends on the material, natural, economic, and human capabilities of Iraq.

Eleven set the proper basis for the transition to the health system in Iraq in terms of the number of hospitals, the number of beds, the number of doctors and those with health professions, the manufacture of medicines and medical supplies locally, and the development of expertise and attracting Iraqi competencies abroad.

Twelve راع Accelerating the implementation of the e-government program and its coordination with the electronic payment system.

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