White Paper Plan .. Will it be the key to solving the economic crisis in Iraq?
The Prime Minister, Mustafa:
(1) Al-Kazemi, described dependence on oil as a failed experiment that put the state and the government into a permanent embarrassment, and there is a plan to break free from his slavery.
(2) Al-Kazemi emphasized that the lack of funds and the lack of liquidity came due to mismanagement and absolute dependence on oil, and there is a “white paper” plan to reform the financial and administrative system to be free from it.
He pointed out that
(3) Iraq relies to this moment on oil by 95 percent, and this was reflected in the provision of liquidity and hard currency when prices were subjected to collapse, indicating that the private sector, including agriculture, must take its role in building the financial economic relationship in Iraq and the relationship with society and building job opportunities For the citizen.
(4) Will Al-Kazemi succeed in drawing a new economic policy for Iraq?
The economist, on behalf of Antoine, says, according to a report of the Russian Sputnik, that “dependence on oil is not a failed experiment, but it must be harnessed in other economic sectors.
(5) Mismanagement and corruption have brought us to what we are now, and the process of transforming the Iraqi economy from oil-dependent rentier is not With the easy process, it needs talents and an honest government, and in general we should start now better than not starting.”
Antoine added:
“There is a distorted budget in Iraq, where 75% of it goes to salaries and concessions, which pushes the government towards borrowing and mortgaging oil, and
(6) the white paper for the Prime Minister needs to be implemented, and the question is who will implement this paper, which needs an efficient and impartial administrative apparatus to achieve it?” ?, The task is difficult in the presence of forces obstructing any reforms and causing the loss of more than a trillion dollars.
He continued:
(7) “The real window of reform is to create a safe environment for investment away from extortion and bureaucracy. Otherwise, the country is moving towards decay, because the government did not benefit from the experience of oil decline in 2008 and 2014, because of the same faces in power, and if no sincere faces came It is difficult then to change the economic direction of the country.”