Iraq: invitations to privatization and reform the economy

Date: 02/25/2015 22:30

Information / Baghdad / ..

The Minister of Planning and Development Cooperation and former member of the Iraqi Council of Representatives current Mehdi al-Hafez, Wednesday, that "privatization" It should be the subject of interest from the point of economic reform in general and national development point of view, since Iraq is going through difficult economic conditions.

Al-Haafiz said in a press statement I followed / information /, that "privatization, any public ownership transfer of certain projects to the private sector ownership, take multiple and complex aspects of forms, including ownership of state-owned companies converting to people, especially workers, or hire long-term assets owned to the government and according to the rules safeguard the public interest and the national economy, as well as the commissioning of the private sector to carry out government services through contracting and the obligation to protect consumers and the principles of the National Development and options, or cancel government units is produced, the absence of economic feasibility and edit State of payment of financial aid provided to them. "

He believed in privatization "positive option aims to promote growth and improve the type of goods and services provided to the community and to reduce the deficit and reducing the burden of taxes and inflation associated with the budget," adding that "privatization leads to increased savings and national investment, meaning that a new chapter whatever opens to expand productive investment and increase productivity and exports and enhance the ability to compete with imports, as well as creating jobs and improving the wages and absorb modern technology. "

He stressed that "the issue of privatization poses in Iraq as one of the developing countries as part of the economic reform process and to reduce the financial burden presented to the public sector and its projects is beneficial," adding that "the ideas and topics mainly interested in human development future options have emerged and expanded since the nineties of the last century, They factors affecting the welfare of the population and the source of their happiness, including income, health, education, environmental protection and others, any new elements that Osstmufhom of social justice and the principles of equal opportunity. "

Insofar as Iraq, Al-Hafiz said, "highlights the customization option important and must be studied carefully, as the public sector in Iraq is dominant on the national economy can not be the private sector in the current circumstances to play a leading role as everyone had expected after 2003, the foundation of force, especially leaders Political then under subsequent governments, the Governing Council. "

It takes Hafiz on the public sector in Iraq "monopoly of the most fundamental economic joints in most sectors and activities of service, which is not a new phenomenon but has gripped Iraq for a long time, as some studies report that the public sector has more than four million employees and the user, which is a high percentage compared to the size of the population for many countries, as well as they contradict the terms of the financial cost to the national investment needs. "

He called for "a lesson customization options in the context of national development, put my convertible from public ownership program to own a large number of institutions, and to perform actions such as creating support of private property under the terms and requirements of the broad national interest, economic environment, and the creation of a comprehensive data bank would help understand the realities and complexities of the national economy, especially in the tax and financial aid, and their consequences for the public interest areas, and the development of training programs and the provision of specialists in the technical dimensions of the problem of customization, any provision of qualified and familiar with the techniques and methods to transfers of ownership of private persons. "

He focused on "the importance of private sector support in Iraq, a strategy which was issued late last year known as the Private Sector Development 2014 - 2030 strategy", pointing out that it includes the launch of Iraqi resources and stimulate economic growth and diversification, and the creation of an enabling environment for private sector development, and improve productivity and competitiveness. "


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