Serious Steps To Reduce Dependence On Oil , 12 FEB

 Serious Steps To Reduce Dependence On Oil 

Economic 1225/02/12  Baghdad: Imad of the emirate   In the context of efforts to revitalize the national economy, the government is working to adopt ambitious strategies to reduce dependence on oil rent, by activating the productive and service sectors and enhancing non-oil revenues.
 
This comes in light of the economic challenges facing the country, especially with the fluctuations of global oil prices, which calls for diversification of sources of income and building a more stable economy and the ability to face external influences.

The Financial Adviser to the Prime Minister, Dr. Mazhar Mohamed Saleh, stressed that the government attaches great importance to stimulating the productive sectors, especially the agricultural sector.
 
He pointed out that the current plans focus on supporting farmers by providing facilitated financing and modern agricultural technologies, which contributes to increasing productivity and achieving food security.
 
Highly productive seasonal programs were also adopted within the general budget of the state, with the aim of enhancing self-sufficiency and reducing dependence on import.
 
Saleh explained that the government is working to enhance financial discipline by controlling public spending and increasing revenue collection.
 
He stressed that excessive exchange or negligence in collecting public imports will be reduced, with a focus on directing resources towards productive projects that benefit the national economy.
 
It was also noted that the importance of launching economic companies in cooperation with the private sector, to support sustainable development programs that contribute to creating job opportunities and increasing productivity.
 
The financial advisor called for the necessity of controlling the import system, which is witnessing a random expansion that drains the country's foreign reserves.
 
He stressed that foreign resources should be directed towards productive imports that enhance the economy, rather than excessive consumption that does not contribute to building a strong production base.
 
He also stressed the importance of adopting accurate commercial policies that encourage sustainable production requirements.
 
Saleh pointed out that the government is working to convert support in the general budget from comprehensive support to qualitative support, which balances the support of low-income social classes and the productive support that occupies the economy.
 
Among the programs that have been focused on, is entrepreneurial and financing programs, which contribute to encouraging small and medium enterprises and enhancing the role of youth in the economy.

For his part, Dr. Ahmed Al -Rawi, the economist, stressed the need to take quick measures to address the decline in oil revenues.
 
He called for a review of the general budget items, with a focus on removing unnecessary expenses and raising the efficiency of spending.
 
He pointed to the importance of achieving stability in the growth of the budget, so that it is commensurate with the annual growth of the gross domestic product, which contributes to achieving a sustainable financial balance.
 
Al-Rawi also stressed the importance of activating non-oil revenue systems, such as the tax system and public fees, to increase revenues and reduce dependence on oil.
 
He also called for the revitalization of other economic sectors, such as industry and tourism, to provide job opportunities for young people and diversify sources of income.
 
He pointed out that the development of the oil sector must be done in a manner commensurate with the country's reserve energies, with a focus on increasing the added value through local manufacturing.
 
The narrator stressed that achieving economic development requires fighting corruption in state institutions in all its joints.
 
He stressed that corruption is a major obstacle to achieving economic efficiency and attracting investments.
 
He called for adopting serious measures to enhance transparency and governance in public resources management.     https://alsabaah.iq/110028-.html