📉💼 "Iraq’s 5-Year Master Plan: Jobs Up, Poverty Down, Oil Dependency Out!" 🚀🌾
📰 Ministry of Planning (Aug 5, 2025) — Big goals for Iraq’s future:
✅ Top Targets for 2024–2028:
📉 Unemployment dropping to below 10% (from current 13%)
📈 Economic growth projected at 4.24% annually
💵 Inflation to stay stable and protect the most vulnerable
🧑🌾 Poverty to fall below 15% nationally
🏗️ Investment Strategy:
🏛️ 65% Public / 🏢 35% Private sector investment ratio
🎯 Focus on manufacturing and agriculture:
🏭 Manufacturing to hit 2%+ of GDP
🌾 Agriculture to hit 3%+ of GDP
🛢️ Goodbye Oil Addiction?
Plan aims to cut oil sector’s share of GDP by 25%
🚜 Diversification is key: growing non-oil industries and exports
📊 Population & Human Capital:
🌍 Population growth to stay at 2.5%
👨🎓 Focus on human development & job creation
💬 Ministry says: Iraq is laying the foundation for a balanced, inclusive, and sustainable economy — not just oil-rich, but opportunity-rich.
Ministry Of Planning: The Five-Year Development Plan Will Reduce Unemployment Rates To Below 10 Percent
Buratha News Agency1762025-08-05 The Ministry of Planning revealed, on Tuesday, the most prominent quantitative, economic and social targets included in the five-year development plan for the years (2024-2028), indicating that the five-year development plan will reduce unemployment rates to less than 10 percent.
The official spokesperson for the ministry, Abdul Zahra Al-Hindawi, said: “The plan aims to achieve an annual economic growth rate of 4.24 percent,” explaining that “this rate depends on several factors, most notably oil prices, the size and composition of investments, industrial production, and international trade.”
He added that "among the plan's primary objectives is to maintain the population growth rate at its current level of 2.5%, based on the results of the population census, in line with the requirements of developing human capital."
He pointed out that "the plan seeks to reduce unemployment rates by no less than 10% from the current level of 13%, while maintaining stable inflation rates that do not affect the poor segments and support job creation."
Regarding investments, he explained that "the plan aims for government investments to constitute approximately 65% of total investments during the implementation period, compared to 35% for the private sector."
He also indicated that "poverty rates will witness a decline to less than 15% at the national level," adding that "the plan places special attention on developing the manufacturing industries and increasing their contribution to the GDP to more than 2%, in addition to raising the contribution of the agricultural sector to 3%.
The plan also aims to reduce dependence on oil, by diversifying sources of income and achieving growth in non-oil sectors, with expectations that the contribution of the oil sector to the GDP will decline by up to 25% from its current level during the five-year plan." https://burathanews.com/arabic/news/463705