The budget was prepared according to the five-year plan strategies

2/26/2014 0:00

Despite the magnitude of the customizations included

BAGHDAD - Hussein al-Tamimi Tgb

Economic affairs specialist said that the general budget for the year 2014 is characterized by being the highest in the history of Iraq , reaching up to ( 174.6 ) trillion dinars, the equivalent of 150 billion dollars based on the exchange rate of the dollar is ( 1200) dinars, and the price of oil is planned ( 90 ) dollars per barrel and the rate of export ( 3,400 ) million barrels per day, and 60 percent of the allocations earmarked for the operating budget and ( 40 percent ) allocated for the investment budget .

 added Samir Nasiri in an interview ( morning) that signs five-year plan emphasizes supporting the private sector in line with what is stated in Article 25 of the Constitution and build introductions transition to a market economy , but the reality of the situation indicates failure to implement what has been planned Koguetsadaan what makes us afraid of not allowing the private sector to take the leadership role in the leadership of the Iraqi economy and contribute to the revitalization and activation .


The private sector

He said that the private sector in all its agricultural , industrial and service has not received the desired attention from the concerned authorities in the country despite a important decisions of the Economic Commission of the Council of Ministers and the advisers in key areas and to achieve the agricultural initiative broad prospects in the implementation and initiatives to build strategies for other economic sectors continues, pointing to the survival of the role of the private sector, particularly the banking sector limited and low in contributing to economic development in spite of progress in its activities all through the years (2003 - 2013) however indicate the contribution of different sectors in the GDP in the light of the official data available for the years 2011 and 2012 to contribute the agricultural sector by 4.2 percent and the industrial sector by 1.8 percent and the construction sector increased by 4.9 percent and the trade sector by 6.6 percent and 8 percent of the banking sector and these sectors are key sectors that should contribute to the private sector except for sector (energy) .

Harmonize budget

He called Alnasiri Committees of Finance and Economic Council of Representatives to determine paths to support and stimulate the private sector as it takes a primary role in the transmission of the Iraqi economy to a market economy that is created to harmonize with the strategies adopted for the five-year plan with the general budget for the year 2014 and to focus on that there will be allocations of specific and clear for the development of the private sector in all economic sectors . , and pointed out that to achieve this requires that holds the sectoral ministries such as agriculture , industry, oil, electricity, planning and Finance and the Central Bank of Iraq develop specialized circuits for the development of the private sector and are monitoring the allocations among the allocations earmarked for the ministries to develop and support the private sector in addition to reconsidering the environment legislative and legal all the laws that are an obstacle to economic reform and thus reform and private sector development and its contribution to the economic development actors .

Supreme Economic Council

He pointed to the need to take action quickly to the formation of the Supreme Economic Council in Iraq, and that the share of the private sector in which not less than 50 percent of the experts and advisers , as well as modify and reconsider all laws governing the work of economic and banking system and the most important of these laws Investment Act and the Banking Act and the law of the Iraqi Central Bank The money laundering law and the law of the Iraqi market for securities law and Securities Commission and the laws that regulate the agricultural sector and the industrial sector , housing and construction .

Revenue alternatives

And the importance of finding alternatives to oil revenues over the long term and the search for new imports by relying on the private sector in it, and add experts and advisers of the private sector to the advisers in the Council of Ministers and to give clear role for them to contribute to policy formulation and strategies to build a national economic .

He said that the distribution of budget allocations comes in accordance with the proportions of which was allocated for investment projects 64 trillion dinars to the energy ( oil and electricity ) and 38 trillion dinars for the cultivation of 7.9 trillion dinars for the industry 3.2 trillion dinars for the construction and reconstruction of 2.4 trillion dinars to trade 1.9 trillion dinars

He pointed out that the budget was prepared in accordance with the strategies that were based five-year plan for the years (2013 - 2017) as the 2014 budget is to implement what the state planned it for one year in 2014 .


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