Proposals to address the financial crisis

2/2/2016 0:00

 Abdul Hassan Shammari

There are quick fixes to be taken long-term solutions, we focused in our article first on agriculture and work on self-sufficiency in agricultural products and prevent the import and now focus on the private and public industrial sector, we now need to bold and difficult decision which prevent imports for at least one year note that Iraq is in it very large stocks of imported materials, which is enough for three years and for the purpose reliance on domestic product and bring life cycle to laboratories and factories Iraqi and import only necessities and raw materials, and that the Iraqi industry cycle that provide goods and services during the three months and will provide job opportunities to the huge all unemployed and the poor will wage rises in the private sector of higher public sector wages, and this must be taken decision to grant voluntary holidays at half pay for work in the private sector and this will help the high-budget by up to 30 percent of the current budget.

We must raise the slogan (all that can be produced in Iraq stop the import) and the second rapid decision should be abolished currency auction, which just became an official party to money laundering and smuggling of foreign currency leads to the collapse of the Iraqi economy.

How else to Iraq daily sales of oil to exceed $ 70 million and sell the auction of 160-200 million dollars Where we come from the difference of 90-130 million this disaster will lead to the rapid breakdown is
 Economic development.

The resolution III is important to reduce the value of the Iraqi dinar, like the European Union and China to be able to pay salaries through currency sales teams, especially if it has reached the dollar to 2,000 dinars per dollar, and be transfers of hard currency through the documentary credit for the elimination of financial corruption and administrative in the process of currency selling and providing currency into real imports.

To take three resolutions above is responsible for halting the deterioration in the Iraqi economy and must be taken as soon as possible.

Authorized promises to start that industry is leading to the reduction of import and availability of goods and services with high specifications to the citizen as was the Iraqi industry in the seventies and eighties and nineties of the last century to provide jobs and keep the Iraqi money and restore the soul to the military industry will provide billions of dollars for Iraq, authorized Industry is the essential foundation to rebuild Iraq economically through the rest of the industry will develop other sectors of the economy and we will provide through industry and agriculture at least $ 30 billion and will contribute to industry and agriculture Brphi budget by at least 25 percent of the resources.

We conclude from all this that we walk in the way of domestic production and rely on ourselves to neighboring countries like Iran and Turkey in terms of the best examples of self-sufficiency of the local industry.

Authorized reliance on the private industrial sector could energize General of the Iraqi economy, and we must raise the slogan of non-dependence on oil and to rely on the principle of local production to supplement the Iraqi budget funds and stop the import and make use of hard currency in the age of the infrastructure, and work to build a state of production and not, state employees and create a qualitative leap in the Iraqi public life and reliance on the private industrial sector, especially small and medium industries and to work on the exploitation of natural resources and building strategic factories to supply the materials used in small and medium industries.

The most important detail to encourage public sector employees to move to the private sector is to give the private sector, according to the new labor law, every Iraqi retired from the private sector repaid its financial obligations to the Iraqi state and thus secure his future.


Finally you must work on activating the laws that serve the private sector - customs tariff - consumer protection law - the law of the local product protection and competition law and antitrust to support the private sector and return it to its normal position before the Gulf War, and the preservation of hard currency and building a healthy economy and discreet provides the Iraqi budget amounts huge and achieve financial abundance for the Treasury an estimated $ 20 billion, and this added his taxes and fees that make up the amount of resources to be reckoned with for the Iraqi budget and the transfer of large numbers of staff to the private sector, in addition to the State's need to restructure the staff and the establishment of productive contracting companies and construction companies, military production and building military industry to provide military supplies, police, and this provides the Iraqi government $ 3.5 billion a year, and if we add them and other supplies of clothes and shoes and armor amount rises to more than $ 6 billion and this in turn will provide more than a million jobs and this will achieve the quality of the Iraqi economy boom through national industry and save God of Iraq and an economic resource
 Another .

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