Central Bank: Appointments reached the limit of saturation and salaries embrace the economies of other countries

Central Bank: Appointments reached the limit of saturation and salaries embrace the economies of other countries



2019/17 9:52

(Baghdad: Euphrates News) The Central Bank of Iraq that the appointments in the departments of the state and reached "the extent of saturation."

The Governor of the Bank, Ali Al-Alaq, said in a press statement that "the government apparatus has reached more than saturation, which does not add economic value, but that in its expenses is a major challenge to the public budget and reduces the resources that can go to employ others and create more jobs through projects Real. "

He pointed out that "the basic solution to the issue of unemployment is the operation of the real sectors, which are industrial, agricultural, tourism and others, which is the basis in moving economic rings, so there must be a focus on moving these economic sectors by changing the economic model that exists today in Iraq, the model now exists is that Our revenues come from oil, and they are pumping the bulk of them in the form of salaries. These salaries turn into demand for imported goods and commodities. "

"Our revenues go to build the economies of other countries instead of moving the pace of the economic situation."

"People cannot be laid off from their jobs, but the money taken as salaries can be invested inside Iraq by expanding the real sector.

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