Page 6 - investment Map 2019 En

• Creating a stable macroeconomic environment that promotes growth.
• Reform of the tax and customs system to simplify procedures and improve the

investment environment.
• Establishment of industrial and investment free zones and economic cities.
• Develop incentives to attract foreign capital.
• Identify and distribute roles between the private sector and the public sector in order to

ensure a gradual transition to a market economy.
• Investment policy that makes the infrastructure sector and basic services priorities of its

strategic objectives (electricity, water, roads and bridges ...), which supports the
effectiveness of private investment and promotes the entry of foreign investment to
Iraq.
• A supportive financial policy from specialized banks (industrial, agricultural, real
estate) and other governmental financial institutions for the purpose of supporting the
principle of competition.
Other tracks of importance in the process of economic reform adopted by the federal
government, including:

ï‚· Change the structure of the public budget in favor of investment spending directed to
expand production capacities and infrastructure to ensure the provision of the market
need of commodity and service products.

ï‚· Implementation of the priorities in spending and financial allocations and linking them
to the priorities and strategies for achieving growth over the next five years.

ï‚· Restructuring consumer spending to ensure optimal rationalization and allocation.
ï‚· Follow the policy of productive employment in the process of employment in the

public sector.
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ï‚· The need to activate the funding role of taxes in economic and financial crises.
ï‚· Gradual adjustment of the budget structure towards changing dependence on oil as the

only source of budget funding in percentage terms.

ï‚· use oil revenues in the implementation of economic and social development projects,
which are more stable and continuous sources of revenue.

ï‚· Increas access to finance, especially for SMEs.

ï‚· Gradually shift to the implementation of the program budget, giving better scope for
follow-up and to assess the efficiency of public expenditure.

ï‚· Building capacity of financial management personnel.