Baghdad Adviser to the Prime Minister for Financial Affairs, Madhar Muhammad Salih, confirmed that: Iraq needs a ten-year plan with a realistic reform program in partnership with the private sector.
He told the National Iraqi News Agency (NINA) that: drawing up a ten-year plan with a realistic reform program in partnership with the private sector will change economic life towards sustainable development, which will move towards public financial sustainability instead of the oil rent threat as an external variable that links the country’s economy to the risks and fluctuations of the global economy in the energy sector.
Salih added that: Iraq needs an investment development budget that will advance the non-oil GDP and leave the nightmare of oil revenues and prices forever.
He explained that: Our country is rich in its material and human resources and is in need of regular investment financing to achieve a level of growth equivalent to twice the current population growth, especially in agriculture and manufacturing, with the active participation of the private sector.
Source: National Iraqi News Agency