Responsibility for promoting the economy


Saad Al-Taei
The private sector is important in various countries of the world because of its ability to operate many of the labor force in the country and provide increased employment opportunities with increasing economic activity and its potential to adapt to technological developments and its ability to employ and benefit from the economic fluctuations in the markets.
In Iraq, the private sector suffers from many problems which have reduced its role in economic activity and made it in late ranks compared to what this sector performs in countries that approach Iraq economically.
The competent authorities can support the private sector in working to address the obstacles. It is possible to work on developing a classification scale for the private sector companies and distribute them in degrees so that the companies that are idle or false can be excluded. This is a big problem for the private sector to enter some people who are not competent in this field and who do not have And its conditions, which has negatively affected the reality of this sector significantly. It is also possible to regulate the conditions and procedures that enable these companies to obtain the required approvals, so that the exclusion of foreign companies or lagging in order to ensure the survival of qualified companies in the market.
The success of the private sector companies can contribute to the development of the Iraqi economy through the employment of many manpower, which leads to reduce the unemployment rates and move the market, as well as the product And the imposition of taxes and duties on the work of these companies brings many resources important to the treasury of the state and the resulting diversification of sources D Vinegar for the general budget instead of relying on the export of a single product (crude oil).
The support given to companies working in the industrial field can contribute to the advancement of national industries such as food, consumer, automobile industry or other types of industries, and supporting the construction industries will play an important role in the reconstruction of the affected areas and can contribute to these companies in the reconstruction of all The areas of Iraq and the support provided to companies and individuals working in the agricultural sector can contribute to the development of local agriculture and avoids the state to import agricultural products of all kinds and this leads to wasting large financial resources to incur the public budget funds E, as well as caused by the import of exposing the food security of the country at great risk.
Support and interest in the private sector in Iraq can stimulate the Iraqi economy in the revitalization and move the domestic economic wheel and have a leading role, as is the case in many countries of the world, which was the contribution of the private sector played a major role in the economic progress, industrial and technological reach.

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