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 : 24021
Join date : 2015-02-19

» Economist criticizes the Council of Ministers turned to executive departments
» 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: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS
» 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 for / Nina /: I do not fear the salaries of employees for the coming months
» 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: LIFESPAN OF THE CURRENCY PAPER 3 OCHEHR..OUALEMADENAH 25 YEARS
» 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 for / Nina /: I do not fear the salaries of employees for the coming months
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
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» Can We Do Without The Commentary!
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt