Economist: The Finance Minister's statements about layoffs in the coming years are a "bubble"
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Economist: The Finance Minister's statements about layoffs in the coming years are a "bubble"

Monday 27 December 2021 13:17
Baghdad / NINA / - An expert in economic affairs, Raad Twij, criticized the statements of Finance Minister Ali Allawi about laying off employees in the coming years, describing these statements of laying off the workforce as "a bubble."
Twig said in a statement to the National Iraqi News Agency ( NINA ): "One of the things that is confirmed and proven is that the Iraqi economy is one of the rentier economies that depends mainly on oil, as the dependence of the general budget is more than 90% on oil imports, and it is known that the oil market depends mainly on oil. on demand and supply.
He added: "The statement of the Minister of Finance that the demand for oil is inelastic even after 25 years is an inaccurate statement due to the increasing global population growth and the diversified use of oil. Iraq went through it several times in the years 2008, 2015 and 2019 as a result of the drop in oil prices.
He explained that, "With the presence of a workforce working in the public sector and a total of 6 million retirees, we have not seen any government move to restructure this workforce and transform it from a low-productivity workforce to a high-productivity force that works to cover its operating costs."
Tawij suggested establishing a Ministry of Manpower aimed at reforming and absorbing unemployment, noting: “The establishment of the ministry must work to address a major economic problem, especially what was mentioned that the amounts allocated to retirees are about 19 trillion dinars and are expected to reach 25 trillion dinars in the coming years.”/ End 8
https://ninanews.com/Website/News/Details?key=947110
RamblerNash- GURU HUNTER
- Posts : 24217
Join date : 2015-02-19

» Economist: The conflicting statements about the exchange rate caused a stagnation in the markets
» Economist criticizes the Council of Ministers turned to executive departments
» Statement of the Committee to monitor the implementation of the government program and strategic planning on the statements of the Secretary-General of the Council of Ministers
» ECONOMIST: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS
» Statements by the Minister of Finance cause Iraqis to panic - After he expected the country to “bankrupt” after 10 years and lay off employees
» Economist criticizes the Council of Ministers turned to executive departments
» Statement of the Committee to monitor the implementation of the government program and strategic planning on the statements of the Secretary-General of the Council of Ministers
» ECONOMIST: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS
» Statements by the Minister of Finance cause Iraqis to panic - After he expected the country to “bankrupt” after 10 years and lay off employees
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Guru Sandy 1/30/23
» Guru Nader 1/30/23
» Guru Judy 1/30/23
» Guru Okie 1/29/23
» Guru MountainGoat 1/29/23
» More On The Rainbow Currency.
» Interim governor briefs Iraq's deputy parliament speaker on CBI's plan to control the forex market
» Keeping devaluation might be Iraq's strategy to suppress depreciation: lawmaker
» Al-Sudani's cabinet has no intention to reverse the dinar's devaluation: lawmaker
» Iraqi dinar plunges to a new low
» "RV UPDATE" BY SANDY INGRAM, MNT GOAT, MARKZ, NADER FROM MID EAST AND FRANK26 1/28/23
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» HOT NEWS BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» Guru Okie 1/28/23
» Guru MarkZ 1/28/23 am
» More than 750 artifacts discovered in Basra 1/29/23
» Mark Zerfoss (aka MarkZ) Intel On The Arrests
» 4,700-year-old ‘tavern’ — complete with fridge, oven and food — unearthed in Iraq 1/26/23
» Guru MarkZ 1/26/23 pm
» Guru Okie 1/27/23
» Guru Judy 1/27/23
» Guru Bruce Dingleberry 1/26/23
» Guru MarkZ 1/27/23 am
» STATUS OF THE RV by Anonymous 1/26/23
» Guru MarkZ 1/16/23 pm
» Guru OkieOilman 1/26/23
» Guru MarkZ 1/15/23 pm
» Guru Judy 1/26/23
» Guru Bruce Dingleberry 1/24/23
» Gurus Nader & MarkZ 1/26/23
» USD/IQD exchange rates climb in Baghdad, Erbil
» U.S. Federal Reserve imposes tight controls on Iraqi banks’ transactions
» Iraq seeks UN assistance to overcome challenges
» Iraqi PM relieves CBI governor of his post
» Protests in Iraq amid local currency devaluation, Central Bank changes
» Guru OkieOilman 1/25/23
» Guru Sandy 1/25/23
» Guru MountainGoat 1/25/23
» Gurus Frank26 & Firefly 1/225/23