10/02/2011
Expert: increase the size of operational spending on investment hinders economic plans
He stressed that unemployment, housing, electricity, the most important challenges
بغداد-حيدر فليح الربيعي BAGHDAD - Haider al-Rubaie Filaih
Said an economic expert said Iraq faces a host of challenges that can be as disruptive to the projects development in the coming years, calling on the government to quickly find radical solutions to the problem of unemployment, electricity and housing as a first step towards further economic reforms, with expert criticized the expenditure budget of the country , noting that the size of the operational spending far exceeds what is intended for investment projects and development, which will, according to the expert to derail the economic plans significantly. and said Bassem Jamil Antoine Speaking (morning): that the danger which startles the Iraqi economy from time to time and the other due to that the political decision-makers do not have the economic visions discreet, and have economic visions do not have the resolution, noting that there were challenges he said were large and could hinder the overall success of the efforts to revive the economic situation in the country, stands at the forefront of those challenges, according to Antoine problem of unemployment and the housing crisis and declining production of electric power ..
And briefed Antoine figures a number of issues which asserts that it problems hinder efforts to growth in general in Iraq, whether economic growth or social development, adding that 23 per cent of Iraqis living below the poverty line, nearly seven million people of the Iraqi population does not exceed the rate of income monthly 76 thousand dinars, which made a claim Antoine government bodies responsible to avoid that issue and activate the strategy developed last year and aim to reduce poverty rates to the lowest border ..
Said Antoine also: When the see of the general budget of the country look down on processors made by in order to avoid such economic problems of the country, but that is unfortunate is the absence of such processors are threatening to aggravate the economic problems in the future, as the frightening aspects of spending the budget of the country is allocated more than 69 percent counterbalance operational, and the rest of it and of 31 percent was allocated for investment and treat disorders affecting the economy such as poverty, housing and the provision of electricity and the elimination of unemployment, which is impossible to implement this low percentage of the general budget.
The expert pointed out something he said was very important and should be on those governmental organizations and the makers policy the country's economic take it into consideration, according to Antoine, who explained that Iraq is increasing annually more than a million people, where the rates of population growth of 3 percent annually, a figure that according to expert requires great services such as provision of schools, hospitals, and growth plans other, and hinted Antoine that the rate of increase in population of million people annually in the case of split 6, for example, the average Iraqi family, we are going to need approximately 180 thousand units per year and is currently under construction and the whole effort does not exceed 30 thousand residential units ..
In regard to the private sector, said Antoine to the importance of this sector in supplying Iraq with many of the important needs that are imported from abroad now, but Antoine said that the private sector needs more support to be able to enter the competition, stressing that in the case of work 80 per percent of the private sector, he will need to provide the electrical energy of not less than 5000 MW, although the private sector needs are estimated at 10,000 megawatts, which cost the government between $ 15 and $ 20 billion from the public budget .. which called Antoine to say: we're about it we will be unable to ..
He expressed Antoine surprise of the volume of financial allocations provided by the general budget of the industrial sector, indicating that it does not exceed 2.5 percent despite efforts aimed at developing this sector which includes approximately 250 000 member companies and the Ministry of Industry and alone they did not offer too little to support the results of the national income It does not estimate the proportion of the industrial sector in the 1.5 percent ..
He called Antoine government agencies and international organizations to build institutes technology are the graduation of qualified manpower capable of meeting the requirements of the labor market, noting that nearly 80 percent of college graduates are academics, and 20 percent of professionals are Btakrejehm technical institutes and colleges of specialized technical, which led to a sharp decline in the proportion of professional positions in the labor market, which is now Iraq was obliged to import from abroad ..
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