Economist: the need to review the laws of economics and the banking system to the tune market needs

History of edits:: 2017/1/19 11:14

{Baghdad: Euphrates News} stressed the economic expert Abdul Rahman al-Mashhadani, the need to review the laws of economics and re-read them, because they do not fit with the direction the state.

He said al-Mashhadani, told {Euphrates News} "The legislation of laws is not enough to promote the country's economy, but we need to infrastructure complement legislation of laws, for example, legislation, customs tariff law in 2010, the government did not use it so far, so what is the use of legislation law without implementation?".

"We need to re-read all the laws of economics as they embarked Time past is not consistent with the direction of the state porte-in control and central markets to go to the private sector."

He noted economic expert said that "everyone is calling in the open market economy, but reality does not have a chance," pointing out that "the infrastructure is incomplete and that the banking system is not fully in tune with the market and the monetary policy needs in terms of the market and his work, the private sector and revitalization."

He explained that "these problems hinder the application of the laws," noting that "legislators legislate laws from the legal side, not economic, and we need to sit down economic commission with legal."

The economic expert Abdul Rahman al-Mashhadani, said in a December 16 last, the old private financial resources laws do not lend themselves to the development of economic revenue.

He said al-Mashhadani, for {Euphrates News}, that "the legislation and laws governing the work of the tourism and agricultural sector and other sectors old and do not lend themselves to this stage, for the purpose of developing and diversifying the revenue."

Iraq has been since the last economic crisis in 2015, due to lower oil prices and to the adoption of the general budget on oil revenue by 90%, which led to a reduction in government spending policy and the adoption of austerity and focus on military support under the shadow of the war against gangs and Daesh Alarhabiyh.anthy

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