The private sector is 4 percent of the fixed capital

6/16/2016 0:00

BAGHDAD - Imad emirate
said economist D.gosai Jabri that reduce the confusion of economic policy will be through fiscal and monetary policy coordination and expand Hadtehma in order to prevent economic imbalances of the country between the producer and the importer.

And know the monetary policy as actions and measures undertaken by the central bank to any group country in the world through the exchange control to achieve economic policy objectives.

and falls the work of the monetary authorities traditionally within the framework of economic policy , the various manifestations to achieve high growth rates - the use of full - stability of the currency rate - the balance of the balance of payments.

as for fiscal policy lies its content, in that they use or organization used by the state or the government in directing economic programs that include revenue or expenses, according to the goals set by the philosophy and the existing system of government rule.

He Jabri in an interview for »morning« the necessity of the absence of a defect in one of the two policies the fact that it will reflect on the state budget and found to the problem of support and increase spending and failure to diversify funding sources.

financial resources and Jabri Salaries and wages account for a large proportion of the general budget and all these weakening factors do not give positive indications towards building a development policy, they also lead to a reduction allocated to programs for the reconstruction of financial resources, explaining that this matters worse , with weakness in the provision of services, stressing the importance of increasing investment budget for its role in achieving an increase in production allocations and therefore will impact on the size of the GDP of the country.

He said that we find in the other side of monetary policy , where follow the central bank 's deflation policy by raising interest rates , which led to deprive the private sector to enjoy banking facilities at a price appropriate interest, as well as the weakest bank loan , which led to a move away from the small and medium enterprises.

professionalism Jabri explained that the decline in the professionalism of state institutions and the low level of human capacity two big challenges facing the reform and development policies and leads to a lack of continuity individuals in state institutions with the modern concepts of management and planning, project management and construction budgets and control over performance and thus leads to thwart efforts to build a successful economic policies, as he also leads to depletion of the financial capacity of the state in the procedures and policies are useless to society.

economic programs and pointed Jabri said of the challenges facing the policy of economic reform vision loss and economic programs of all those in charge of the economic file of Iraq, and therefore, the deficiencies in the vision of the requirements of society and building economic priorities, led to a loss of credibility in front of public opinion and thus foiled the efforts that try to specialists and economists call it working out for reform economic and building laws of the market , which led to a lot of confusion and economic chaos and the collapse of all the productive sectors of the economy.

jobs problem and pointed Jabri said Iraq 's industry enjoys deterioration clear nowadays, the majority of factories and industrial workshops paralyzed they swim against Ttiaralmistord foreign sweeping, and without electrical power , which represents the first factor in the continuation of production, as well as the escalation of wages due to inflation caused by higher fuel prices and the increased cost of transportation and basic requirements and other cycle , workers looking for a ready - made ​​government jobs that provide future pension but the question remains how long?.

Jabri he continued that on the other hand, the goods imported supported within the scope of their production within their countries and there are facilities when exporting, numerous advantages may not Iraqi industry present their betterment rival within the current circumstances , without government support , but the opposite is true, so it is Iraq 's large consumer market for all kinds of goods , food products, etc., and is the role of the private sector is import these products from the Arab and regional markets without thinking about how to provide internally.

large investments concluded Jabri to say: that the private sector for Aashm only about 4 per cent of the fixed capital formation, and this shows the depth of that exists today in the Iraqi economy imbalance, which requires large investments to encourage widespread private sector balance this equation, and to restore things to their tracks and nature.

he said the main obstacles to foreign investment in Iraq can be summarized in three first axis is the ownership allocated for investment and its ownership ministerial territory, as well as the intersection of some of the decisions and powers with investment 13 of 2006 Act, to Besides the lack of adequate protection for the money of foreign and local investors.

Jabri called for a resolution of the intersections plaguing economic laws as the work is now distasteful regimes and previous laws while new laws aimed at promoting economic reality has not been applied as it should yet.