New governmental approach that targets radical solutions for the Iraqi economy and succeeds in revitalizing its movement

Baghdad-INA 

Since assuming the presidency of the new government, the Prime Minister, Muhammad Shia' al-Sudani, has taken economic measures and reform packages to confront a group of accumulated crises that have befallen the Iraqi economy, most notably the high exchange rates of the dollar against the Iraqi dinar, and the diversification of income sources away from relying entirely on oil.

Governmental steps and economic reform packages achieved tangible results on the ground, as economists praised the government's targeting of radical solutions to confront the problems that faced the Iraqi economy over the past years, and restoring the economic situation of the citizen first by focusing on the poor classes, and towards the state of economic stability and securing capitals that attract investment. .

Team spirit approach

The financial advisor to the Prime Minister, Mudhar Muhammad Salih, told the Iraqi News Agency (INA): "The current government is working with a new approach called (team spirit), which is a coherent approach that works for the first time in our country after it was absent from Iraq for many decades due to the many crises." and the wars that befell the country.

Salih added, "The government of one team is working towards the success of achieving the goals that take two paths in government work: the first is direct and short-term and is represented by operating the stalled government services joints and under the field supervision of the Prime Minister, who personally touches the citizen's daily concerns in the availability of basic services, especially the electricity sectors." And roads, removing bottlenecks, hospitals, medicine and education, without overlooking important reform problems in tackling bureaucracy and corruption inherited for decades.

Salih continued: “The second is the adoption of a financial strategy through the budget law for three years in an optimal manner and its two parts: operational spending that touches the problems of poverty and unemployment and addressing them, and investment spending, by adopting packages of investment projects that help achieve the goals of economic growth and move the wheels of development in maximizing Gross domestic product, diversifying the economy and raising employment rates, as well as supporting market activity with soft financing methods through soft loan funds directed to youth projects, foremost of which is Al-Riyadah Bank.

Development path project

He pointed out that "the strategic vision for the country's economic future did not fail to adopt the model of leading projects, specifically the launch of the development path project, which serves as a model in the major strategic development with broad links between the joints of the national economy, which is based at the same time on the principle of partnership, regional and international cooperation, and activating the links of the national economy.".

 The economies of neighboring countries and the world, in a way that directly contributes to the prosperity of development and development in our country, and to making Iraq a pivotal economic country with influence in the economies of the Gulf, West Asia and the Middle East.
He pointed out that "the path of development means the production of huge productive capacities, whether in building industrial cities as tributaries of development accompanied by strategic infrastructure operations that promote the general national economy.".


Radical solutions
   
For his part, the economic analyst, Abbas Al-Ardawi, told the Iraqi News Agency (INA): "The steps that the government is taking in the economic field so far are foundational steps for the stability of the Iraqi market, as it goes towards radical solutions.".

Al-Ardawi added, “The major problem is that the state of past instability in the Iraqi market led to a state of great turmoil and entered into multiple problems, the most important of which is the stability of the dollar price, banking transactions, remittances, and other restrictions imposed on Iraq due to sanctions or external decisions. very".

Citizen first

And he continued, "The government is moving towards restoring the economic situation of the citizen first, because it started from the poor classes and towards the state of economic stability and securing capitals that attract investment and others, and therefore it is proceeding with a very high comfort and is reflected in the exchange rate, the market, the purchase and the purchasing power of the citizen."
He emphasized that "local commodities are currently available, and agricultural products are at reasonable prices, and thus allow the poor to shop with very high flexibility, and also allow the transfer of money to be carefully monitored."

Sensitive priorities

As for the economist, Nabil Jabbar Al-Tamimi, he tells the Iraqi News Agency (INA): "The government works according to sensitive priorities, and reform measures, some of which may be harsh on societies, may be a postponed step for social and political reasons.".

He continued: "Nevertheless, the importance of carrying out broad reforms extending from drawing up plans and building strategies, then conducting legislation and setting instructions is one of the necessities that require a medium period of several years for implementation and evaluation, and it is the duty of governments to initiate it and not stop it in the years of plenty and evoke it in the years of lean." .
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