Budget and economic reform

25/1/2018 12:00 am

Iyad Mahdi Abbas

Instead of witnessing conflicts and disagreements over narrow gains, there was supposed to be a national concern to discuss how to develop the Iraqi economy towards the success of the privatization project, which became the most economically successful countries to go after the failure of other economic systems and after the validity of the economic visions that any country wants To achieve economic growth, it must activate the private sector and restore the spirit to him again and regulate the relationship between him and the public sector and the government, thus contributing to create the atmosphere for the entry of capital and provide a safe environment for investment through the legislation of laws related to it in addition to providing the mother And stability as one of the requirements of the success of the investment in the country.

The activation of the private sector and the success of investment projects would contribute to the employment of manpower in the country and the elimination of unemployment, in addition to it will contribute to finding new sources of funding for the budget and eliminate dependence on the sale of oil as a single source of funding for the general budget.

Hence, we want to say that the economists and politics in Iraq to redraw the economic map through real studies to develop economic budgets supporting the private sector. It should be noted here that the activation of the private sector does not depend on the allocation of funds in the general budget, but depends on the adoption of economic legislation, which provides him with the appropriate infrastructure and strengthen its role in building the new Iraqi economy.

The 2018 budget is of great importance for several reasons, most importantly the need for Iraq to allocate funds for the reconstruction of all Iraqi provinces after the success of the security forces to achieve victory and the expulsion of terrorist gangs from all Iraqi territory. However, we find that the process of approving the budget in Iraq is facing a significant delay every year and take a long time because of political conflicts, which causes the disruption of many investment projects and service. It is worth mentioning here that the previous political differences had contributed to the disruption of the adoption of the budget General for more than a year and caused the disruption of construction projects also contributed to the loss of Iraq's large sums of money and damaged the Iraqi economy.

Finally we say. The representatives of the Iraqi people and the economic people in the country should shoulder their national responsibilities towards the Iraqi people and devote themselves to drawing up real economic budgets that contribute to the economic problems that Iraq has been suffering for decades.

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