Expert: national economic growth needs to prudent fiscal management

09/03/2015 12:55

BAGHDAD / Source News / .. economist said Majid picture, on Monday, that there are clear indications of growth in the national economy, stressing the need for economic management and financial support for the rational.

He Suri told / Source News /, the total output of economic growth depends on oil and imports mainly, noting that if imports fell by 50% and more offset by a very large drop to GDP and thus the growth rate will drop.

He said the picture: that the success of the national economy growth opportunities are very large, especially the presence of signs including the allocation of central bank funds to the process of economic development of the specialized banks which need financial and economic good governance, as well as the implementation of all procedures related to activating the role of the private sector, especially industry, agriculture and tourism.

And economic growth is the process of real income growth increase cumulative and continuous where over an extended period of time so that this increase will be greater than the rate of population growth with the provision of productive and social services, also known as the increase in the quantity of goods and services produced by an economy in a given period of time, goods and this are produced using the main output of the land, labor and capital, and the elements of the organization, and described the economic growth Balhakiqi at the exclusion of the rate of inflation and not counted when calculating the prices of goods and Alkhaddmat.


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