May 6, 2011Planning Federation: Iraq will not succeed economically without the five-year plan
Baghdad, The Ministry of Planning and Development Cooperation, on Friday, it will change the five-year plan, commensurate with the economic reality in the country, while stressing that Iraq will fail economically if these annual plan.
Ali said thanks to the Kurdistan News Agency (Rn) that "the Ministry of Planning and Development Cooperation is working according to the five-year plan is changed according to the economic imperatives that are for the country and do not conflict with it in any form whatsoever, because it confuses the planning process in the country."
He explained that the "economic visions that criticize the performance of the five-year plan and the plan prepared by a virtual land not fit with economic reality and explore in depth the Iraqi Ministry of Planning and is working to coordinate with those visions to promote the reality and planning, and expediting the implementation of service projects and economic feasible for the country".
He added that "the Ministry of Planning will follow the five-year plan in the future it any trace of the annual planning, which is not where the attention of the economic, planning and clear, but will work to prepare a five-year plans, as is the case in developed countries economy."
He said the CBI that five-year plan adopted by the Iraqi government dominated by the nature of the theoretical and more practical to address the constraints on the government for implementation during the fastest time to advance the rate of economic development in the country.
The center "Alistza" French and one of the centers responsible for monitoring the project planning in the countries of the world, especially in developing countries, issued last Friday, a report confirming that Iraq has adopted a five-year plan failed can not meet the needs of the main being the need to plan with the features and clear benchmarks to manage and address the problems of service experienced by by citizens.
The Iraqi government has launched last July the National Development Plan for the next five years, from 2010 to 2014, which is expected to include nearly 2700 projects in various sectors, worth up to $ 186 billion.
The Iraqi Government has allocated $ 186 billion five-year plan to implement the $ 100 billion of public budgets of the country and the remaining $ 86 billion of investment projects, domestic and foreign.
And the Ministry of Planning announced that the federal rate of economic growth will in accordance with the strategic plan set by the ministry to 47% after it is completed in 2014
The International Monetary Fund had said earlier that the economic growth of Iraq has been slower than expected during 2010 in the Economic Review of the Fund, due to expected growth in oil production.
Description of the Central Bank of Iraq earlier also rates of economic growth for the year 2010 as "shameful" compared with past years.
The central bank has revealed in October that the last budget in 2011 will raise economic growth to 10% of what it was.
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