The employment of available resources development pushes forward

4/12/2016 0:00

BAGHDAD / Mustafa al - Hashimi
is seeking the government to achieve comprehensive development despite the existence of cases of corruption and the continuation of the war on «Daesh» is clear and the budget deficit, especially after the confusion caused by the drop in oil prices and a lack of vision to find a reserve actively promotes financial choosy in the country.

And play a surplus of money in the oil countries, including Iraq , to guide and draw a country 's economic policies and to activate the productive sectors which greatly contribute to increasing the gross domestic product , including reducing the dependence on oil which is witnessing unrest in its markets clearly since June 2014 saw the economic academic Dr Essam Mahouelle that image of the country 's economy more confused when you see «Daesh» who played a major role down world oil prices caused the depletion of surplus funds and the faltering process of development.

He Mahouelle in an interview for »Sabah» that the overall development of its conditions and requirements as to imply that went all the state 's resources to economic construction, and are employing all human potential in the country towards a big goal to him in many ways , a stability that achieve development and progress.

Economic fundamentals and continued that Iraq at the present time finds many obstacles in front of him on his way to the desired development, stressing that Tjaozhzh obstacles quickly is difficult under these conditions unless it is establishing the right economic foundations of activating the productive sectors and reform of the banking system altogether.

With the simultaneous wars in Iraq , namely the fight against terrorism and other anti - corruption, the current stage requires steps to be taken to achieve economic development and address the changes in the balance of trade, including the large number of imports imbalances against the weakness of production is causing a drain on financial resources.

He Mahouelle that the Iraqi economy is still Rieia relies on oil sales, making it subject to fluctuations in world prices and the limits of the needs of the major countries for oil, saying previous governments have not succeeded in finding outlets for imports of non - oil and in a sustainable and steady along with breaking down the industrial base that existed before the year 2003 shares of attrition methods of finding oil resources by making the Iraqi market meet the needs of other countries with a lack of economic vision and proper planning which achieves development.

Proposals for the development of Mahouelle stressed the importance of utilization of available natural resources and the reduction of external borrowing being entail economic burden will be heavy unless it is activating the productive sectors, indicating the need for sufficiency of existing resources , no matter how few, and stimulate some economic ports and postpone the other for their name, and the reduction of imports to protect national industries which will be activated selectively, and adjust the price and rigor in it.

He expressed the hope Mahouelle completely stop external borrowing Whatever his sources because it will burden the future of the coming generations and consider very seriously to alleviate physical burdens that strain the state budget and costing millions of dollars that are at the origin of the people 's resources.

Borrowing parole for his part , said economic researcher Firas Amer: that Iraq Since 2003 , he had resorted to borrowing unconditional, despite the lack of interest rate, from the International Monetary Fund several times for the purpose of financing Moisnath deficit and strengthen its resources to the demand side of the International Bank for Reconstruction and construction to contribute to the building Iraq 's infrastructure as well as international loans.

Aamir called for the reduction of external dependence on the provision of financial resources, either through the IMF and World Bank loans to international Awalkarod and international grants, because it will contribute directly or indirectly with the absorption of the material and human resources, stressing the importance of relying on its own resources and planning for optimal utilization in order to achieve interest Supreme country 's economy.

He noted that the country has the ingredients of development and resources , which qualify him to be self - sufficient country of almost everything, explaining that the conditions experienced by the decline has contributed a lot in the exploitation of these resources and using them for the benefit of the economy.

Source