Maximize resources

Author: Yasser Metwally

23/9/2018 12:00 am

Fiscal policy is the key to true economic development in a country with great wealth.
And here in Iraq, our wealth is scattered and financial policy needs to reform, especially in its main tools oil at unstable prices when escalating fragmentation allocations on the economic sectors without making little progress in achieving the required development and the reasons are known and became a cylinder is not tried to try to play or run.

When the prices come down, the state is rushing to the doors of the International Monetary Fund and other international lending institutions to try to meet the interim challenges it faces for the same reasons. As prices fall, the state is burdened with new debts, but the wheel of development will not move.

In the context of this trend, any oil rising, oil is going down and the country is in decline in all aspects of service development was productive.

Now we are at a stage that is said to be different from what it was because of the pressure of escalating social events and the hope is to pursue government programs and policies trying to lift the economic reality from its cracks

I say hopes and expectations .. What is required in view of this reality to overcome the obstacles and the development reality.

Certainly, we are going back to the key to development, namely, the supposed fiscal policy to achieve development. It is the responsibility of preserving the public money first and then trying to raise financial resources through other gates outside the fluctuating rents, mainly customs and taxes.

However, the percentage of their contributions is very weak in the doors of the budget, "revenues" reflecting the chaos of tax and customs policy, except for the negative effects Restricted Which is adopted by the backward policy of these suppliers, which are adopted by advanced economies in improving the living conditions of the population and through which the distribution of income among citizens is fair.

They have entrusted the reform of fiscal policy to the experienced experts of finance and economics in order to formulate a fiscal policy that is compatible and does not interfere with monetary policy to ensure the desired economic development.

On the other hand, the productive, service and tourism sectors are complementary to development. They also need reform policies that are consistent with the results of the reform of financial policies, thus guaranteeing the policy of maximizing the state's resources away from petty rents.

Then the wheel of development moves by providing jobs, recycling the wheel of production and building, and solving intractable problems.


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