The National Development Plan paves the way for building the future state

10/5/2018 12:00 am

Baghdad / Economic morning
The five-year plan, launched on Wednesday, aims to promote economic sectors, address the disintegration of the community structures, weaken the governmental and institutional role, minimize the role of the local private sector and refrain from investing. It aims to overcome the funding constraint and provide an appropriate and stimulating business environment for practicing various economic activities. It moves the national economy to a new and more advanced stage. Prime Minister Dr. Haider Abadi at a conference held yesterday, attended by "morning" the start of the five-year plan 2018 - 2022.
"We are concerned about the success of this plan," he said, stressing that the state is capable of directing it in the right direction. He warned against putting the plan on the shelves on the grounds that the reality is changing, pointing out that the state has a developmental and social responsibility that must be achieved and can not be neglected. We must work to promote all sectors in a way
 Adel".
In turn, Minister of Planning d. Salman Al-Jumaili: The decline in the economic reality raise the need for development programs, and this plan translates the need for projects in important sectors, including directions of governance and related, private sector center of development and development, the map of reconstruction, poverty alleviation.
He stressed that "the plan establishes a solid foundation that promotes partnerships between all to the benefit of all, and commended the efforts made to bring the plan in this form."


Annual Programs
Financial Advisor to Prime Minister Mohammed Saleh said: "For the first time, the annual budgets will be prepared in a consistent manner and the annual objectives of the five-year development plan 2018-2022 in implementation of the provisions of Chapter 6 of the Financial Management and Public Debt Law No. 95 of 2004, In accordance with the annual programs of the National Development Plan. "In this regard, we would like to point out that the annual growth rate of the annual target in the plan will increase to 7 percent and that the contribution of the private sector to the annual investments will rise to 40 percent of the total investment.


Saleh said that "the method of partnership in production between the state and the private sector will be the adopted method to promote the reality of production," noting that "the plan does not neglect the targeting of poverty and reduce the current rates of 25 percent of the population because of the effects of terrorism, In the forefront of which is poverty reduction strategy as economic growth and employment increase and unemployment levels drop to one decimal place. "


"It is an opportunity to put economic policies on the right track for the first time. The plan also offers its tools and objectives to the popular and parliamentary monitoring means to implement the country's goals of prosperity, development and economic stability."


State of the Future
"The National Development Plan 2018-2022 is an important step for the broader launch of the sustainable development journey in line with Iraq's Vision 2030, guided by a set of sectoral policies and strategies based primarily on human and social capital, "He said, adding that it is" ultimately a plan that paves the way for building a future state by addressing the challenges and targets set in Vision 2030, and providing new opportunities for growth, especially with continued international and regional support for Iraq. "


The priorities of the plan will be to address the backwardness of the economic sectors, the disintegration of the community structures, the weak governmental and institutional role, the small role of the local private sector and its reluctance to invest in order to overcome the underfunding and provide an appropriate and stimulating business environment for the exercise of various economic activities.


Business Environment
He explained that the National Development Plan 2018-2022 was based on analyzing the reality and charting specific tracks to guide the priorities. The four axes of the plan are based on establishing the foundations of governance and the related pillars and foundations, the private sector and the development of the business and investment environment, Dimensions in all governorates, taking from the methodology of results-based management to build a realistic framework in line with the available information on the current reality and review what was achieved in the previous plan.


Hindawi said that "the plan addressed the problems and obstacles faced by the previous two plans, which are institutional, economic, social and environmental challenges, through the strategic objectives and principles adopted by it, including establishing good governance foundations and achieving economic, monetary, banking and commercial reform. The crisis of displacement and the loss of human security, as well as providing the requirements of an enabling environment for investment in all forms. "


The National Development Plan 2018-2022 aims to achieve a growth rate in the Iraqi economy by 7 percent by raising the gross domestic product to 292.5 trillion dinars in 2022 from 182.2 trillion dinars in 2015.


The expected revenues during the plan will reach 440 trillion dinars, of which 370.2 trillion dinars of oil revenues and about 70 trillion dinars of non-oil revenues, while the volume of oil production in 2022 to about 5 million barrels per day and an export rate of up to 4 million barrels per day.


And between Hindawi "As for the investments required during the five-year plan will be 220.6 trillion dinars, of which 132 trillion government investments amounting to 60 percent of the total investment, and there are 88.6 trillion dinars are from the private sector and 40 percent of total investment, Mining, construction and finance


"The economic economy has become an urgent necessity for our country, which suffered a decline in the most separated and carried negative effects reached the extent to the unexpected," pointing out that " The development plan comes to change the reality of the national economy for the better, and promote production and support the economy of families and reduce the poverty rate to a minimum.

He pointed out that "the organization of the economy in the need for plans and mechanisms of work regularly to complete the work gradually according to what was drawn, which achieves the goals of development in a gradual and accurate, and this is in line with the aspirations of the local economy owner of the components of development
 Sustainable development ".
He urged "the need for concerted efforts by all to work to change the reality of the national economy, by providing the necessary work requirements for completion in accordance with international quality standards and completion periods."


Development Plans
"Economic development requires development plans at different periods that outline the tracks of work and the most important goals that positively affect the life of society. Therefore, the development plan 2018-2022 is important to modernize the reality of the national economy," she said.
She pointed out that "planning is the most important stages of sound economic construction, which we intend to achieve during the next phase, especially that the human element, which is an important axis in the development process is available in Iraq," which requires that we work in the direction of providing the requirements of development work.


Development renaissance
"Iraq is declining economically and there is a gap with the world in all sectors of life, and we must show today strongly to the international economies, because we have all the elements that help to achieve a comprehensive and effective development renaissance in the world," said Qassim al-Bahadli.
He pointed out that "the experiences of the current private sector are acceptable, as it implemented projects with high efficiency and international standards, which confirms that the private sector has the capabilities to enable it to implement qualitative, and at the same time needs to develop its capabilities."


organization of work
Chairman of the Joint Iraqi-Indian Cooperation Council Mohammed Abdul Sattar al-Baghdadi stressed that "the plans reflect the ability to organize economic work and that Iraq is walking in the right way when it depends on such plans in building the joints of its economy, which represents a clear line of specific goals, By the relevant authorities
 Shan ".
He pointed out that "Iraq must adopt effective and useful economic policies that contribute to the reversal of the true picture of a country of global importance in everything its location and wealth and human capabilities, and here must be employed to change the paths of the economy."


International Partnerships
Chairman of the Saudi-Saudi Joint Economic Council Firas Al-Hamdani said: "There must be a new strategy approved by the government to make the private sector the basis for building international and global partnerships and to consolidate its efforts to work on the sustainability of these companies by the government and fight financial and administrative corruption in all sectors and a new policy for investment The Iraqi energies of economic thinkers and money outside the country and give them a real opportunity to work and with real support, and that such a five-year development plan or other, it comes a positive situation on the country to be in the planning of the strategies of the government and defend the approach J was founded
"He said.


Development Goals
The Executive Director of the Association of Iraqi Banks Private Ali Tariq, "The sound planning to move the national economy to a new stage more sophisticated, and that such a plan to bear development goals will come to eat in any case, and the country in need of such plans to go to the country to safety.
"This is a plan for the need for training programs to train human resources to support the plan with the resources that enable it to manage advanced technologies in all sectors, as the workload will be great," he said.


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