Involving the private sector supports the economic file management

9/12/2015 0:00

Related News: contribute to the diversification of non-oil revenues
BAGHDAD Shokran Fatlawi


Between who specializes in economic affairs that the economy is suffering instability and lack of investment environment and the limited business activity of the private sector as well as neglect is clear of the tourism sector, while emphasizing the necessity of activating these sectors and diversify the resources to break free from dependence on oil commodity as a principal source of financing the budget.


He explained Dr. Nizar Mohammed Abdullah in an interview for »Sabah» that need has become urgent to activate the various sectors and employ them in order to serve the economic process by diversifying the sources of income to reduce the negative effects arising as a result of lower oil prices, direct negatively in the state budget as a result of increased payments and the lack of revenue .

Participatory methodology


He stressed that the State is able to manage the economic file alone unless work on the use of the private sector and the adoption of a participatory methodology between the public and private sectors and limiting the role of the state to provide facilities and create the appropriate environment for the private sector to carry out its functions under its supervision and control and has thus created for the private sector to play a role in making economic decision in a practical


Abdullah suggested, in order to promote the economic reality and the face of unrest and the negative effects caused by the economic crisis, the private sector taking the role ascribed to it in line and the latest trends calling for economic reforms and the adoption of a market economy mechanism and Althrrmen restrictions rentier economy.


He attributed Abdullah lower economic growth rates significantly to the low levels of economic activity, particularly the lack of real understanding of the dimensions of the market economy as well as the old styles and useless in the production process accompanying the spirit of the times not to mention the lack of work on «technology transfer» real sense any restricted to the transfer of equipment and machines without transport plans and capacity building.


He urged the need to develop a plan and ideology deliberate and intended to reduce the challenges faced by the private sector and turn it into a tangible reality to compensate for the imbalance in the private industrial sector as a result of downtime for two decades, pointing out that the introduction of modern technological methods for industrial purposes can reduce productivity problems and its economic equation due to the adoption of the methodology and to find alternative sources of income through make way for other sectors and the concomitant large absorption to the problem of unemployment and employment and the possibility of reaching a competition with imported products and the disposal of the commodity dumping, which adversely affected the country's economy.

The investment environment


He noted that the creation of administrative and bureaucratic capable of attracting the Iraqi capital and migratory replay of the country free from the constraints encouraging investment environment, noting that there are billions of dollars tops the list of investment in the Arab States and the world encouraged by the absence of the validity of the investment environment in Iraq, where the organization has its laws in creating an effective investment sector and influential in the process of economic development.


On the other hand limp Dr. Nizar to the tourism sector, calling it the industry that have not employed so far in increasing the national income, stressing the importance of work on the supported and developed to ease the financial burden experienced by the country, similar to the countries of the world, especially that Iraq possesses Religious Tourism Say counterpart, stressing that There are countries adopt this sector as the basis in its revenues as is the case in Egypt and other countries, warning of the consequences of continuing to rely on the export of crude oil basis as a source of income.


He concluded by noting that follow that ideology and work according to the market economy model in this time will the reduction of negative returns on the country's economy and the outgrowth since 2003 and the negative results as a result of extravagant unjustified.


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