Economist: Evolution of economic activity led to fluctuation in inflation rates; Calls for advisory council for guidance toward transforming to free market economy

Posted: October 10, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Economist: evolution of the economic activity of the country led to a decline in inflation rates

09/10/2013 04:58 PM

The economic expert, contrary goldsmith, it is among the factors that led to the low rate of inflation is the evolution of economic activity in Iraq, and the presence of regional and international confidence in Astaqrarath.

The jeweler said (of the Agency news): The large number of investment projects included in the National Development Plan, and projects that belong to the Ministry of Labor and Social Affairs, which reduced unemployment rates, led to a low rate of inflation.

He added: The lack of economic activity has implications on the level of demand for goods and services, and thus lead to higher prices for capital goods and increase the rate of inflation. The annual inflation rates are in Iraq rose slightly due to increased food prices and real estate in the country. To a confirmed member of the Economic Commission MP / National Alliance / Hussein المرعبي, the need to establish an advisory council for economic policy-making, to adjust the legislative path toward economic transformation from holistic Central to the free market.

He said المرعبي (of the Agency news): This Council works on the growth of companies and economic channels of Ministries and Government and Customs, as well as the House of Representatives and the Council of Ministers and the Supreme Judicial Council as it is to be her supervisor economically. He continued: Council the right to access to economic laws and reflect on the add or delete some of the material for matters pertaining to the House of Representatives in the interest of the Iraqi economy.

He added: that the law set up an advisory council to develop economic policies will be presented to the House of Representatives to read and voted on in the coming days. Noted that this subject has been operating by the government before more than two years has been the establishment of the Coordination Group policy in Iraq in the General Secretariat of the Council of Ministers based on the Council of Ministers Decision No. 140 of 2012, which was considered the first task of the tasks of the Secretariat is to coordinate the contexts of public and follow-up plans and programs to all government institutions, evaluation and continuous submission of periodic reports to the Council of Ministers.


Comments are closed.