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A new five-year plan promises to avoid the mistakes of the previous plan

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A new five-year plan promises to avoid the mistakes of the previous plan

Unread postby Stillw8n » Tue Sep 17, 2013 11:00 am

A new five-year plan promises to avoid the mistakes of the previous plan

9.17.13
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The Ministry of Planning for its five-year plan for the years 2013-2017 based on the examination of the errors contained in the previous five-year plan for the years 2010-2014, which acknowledged that it did not achieve the desired success.

The new plan is dedicated government effort on the sectors of tourism, industry and housing in addition to the support of the private sector. And plan ذللت difficulties that were faced by projects because of the lack of coordination and implementation between ministries, as she did not neglect the oil sector, the source of funding basis in Iraq, and laying a new foundation for development, especially after the oil licensing round with major international companies for the implementation of service contracts.

The spokesman says Ministry of Planning عبدالزهرة the Hindawi said the plan approved by the Council of Ministers, is expected to achieve 812 trillion dinars revenue over five years.

Although the five-year plan earlier achieved successes at the level of the sectors of education and health, as well as its positive impact on the exchange rate of the Iraqi dinar and achieve economic growth of 9%, but it overlooked the effects of political and security faced by the country, making it fail in the sectors of housing and tourism industry, and is believed by for the economy and investment committee in the House of Representatives Qusay F-Abadi’s plan 2013-2017 years, more realistic, and was able to study the Iraqi arena deeper.

According to the plan, the percentage of oil revenues expected for the state from 2013 to 2017 will amount to 94.6%, what would be the percentage of non-oil revenues 5.4% of the total state revenue, that reduced the poverty rate from 19% in 2012 to 16% in 2017.

And says economist Bassem Jamil Anton said five-year plan next followed new measures including; reduce dependence on oil revenues, and activating the productive sectors such as industry, agriculture and tourism to achieve national product total exceeds the previous plans, pointing to the importance of monitoring the implementation of the plan on a regular basis to verify the completed ones.

It is worth mentioning that the United States announced its support for the Five-Year Plan of the Ministry of Planning between 2013 and 2017, to invest about 357 billion dollars in development projects across all of Iraq, through the project “thread” of the U.S. Agency for International Development USaid support the Strategic Framework Agreement signed between Baghdad and Washington.


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