Replies to post #5069 on Iraqi Dinar Discussion Board (IQD)

[pkripper]

look at this

"We want 2007 year to be the turning point for economically recovery of Iraq."


Deputy prime minister says Iraq needs new management system to handle its budget
Deputy prime minister says Iraq needs new management system to handle its budget
International Herald Tribune - [07/03/2007]


Iraq's government needs a new management system to enable it to manage the country's unprecedented $41 billion budget, Iraq's deputy prime minister said Wednesday.

"It is unprecedented in the history of Iraq — we have $41 billion budget in which $10.5 billion is allocated for the investment budget," said Barham Saleh, one of two deputy prime ministers and head of the Cabinet's economic committee.

"But we have a problem because of the bureaucracy of the state and the government has been incapable on delivering on its commitments," Saleh told reporters after a conference sponsored by the Ministry of Finance to discuss the investment budget.

Saleh said the major problems in managing the budget were "the accumulated heritage" of Saddam Hussein's regime, a "bureaucratic mind" and corruption.

"We are trying to find new management systems to enable the government to work actively to implement its commitments," he added. "We want 2007 year to be the turning point for economically recovery of Iraq."

Ali Baban, the minister of planning, told the conference other major problems facing Iraq's economy were inflation, unemployment and poor services. He said the best way to confront those problems was to revive Iraqi industry.

"We do believe that reviving the sectors of agriculture, services and industry will develop the Iraqi economy," Baban said. "The government is still the biggest investor because we don't have an active private sector and huge foreign investments," despite the country's oil wealth.

"Corruption has become a dangerous element and is curbing the governmental work. This dangerous disease should not curb our efforts and we have to face it bravely and develop the capability of our supervision systems."

Finance Minister Bayan Jabr said the government hopes to use state funds to revive domestic industry and put about a half million people to work this coming year, offering "real services to the citizens."