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Economist: Iraq will not be able to approve an investment budget for the current year
08:35 - 12/04/2020
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between the economic expert Wissam Al-Tamimi, on Sunday, that [You must be registered and logged in to see this link.] will not be able to approve an investment budget for the current year, pointing out that the decline in oil prices had a negative impact on the budget.
Al-Tamimi said in a statement to / Information /, that "two thirds of the budget goes to salaries (the operating budget), at a time when [You must be registered and logged in to see this link.] witnessed the launch of thousands of job grades without any account or advance plan to secure their salaries."
He added that "the coming period will put the government in front of difficult options, as you must find a plan to secure the salaries of employees, especially the new ones, and therefore it will resort to not approving any investment budget for the current year if it decides to vote on the budget."
And that "the best for the government is to continue with an operational budget only, with postponement of new job grades until next year by temporarily freezing their work and not job separation until oil prices recover and preparing an integrated plan to secure salaries and find alternatives to supplement the budget away from oil." 25 n ended
between the economic expert Wissam Al-Tamimi, on Sunday, that [You must be registered and logged in to see this link.] will not be able to approve an investment budget for the current year, pointing out that the decline in oil prices had a negative impact on the budget.
Al-Tamimi said in a statement to / Information /, that "two thirds of the budget goes to salaries (the operating budget), at a time when [You must be registered and logged in to see this link.] witnessed the launch of thousands of job grades without any account or advance plan to secure their salaries."
He added that "the coming period will put the government in front of difficult options, as you must find a plan to secure the salaries of employees, especially the new ones, and therefore it will resort to not approving any investment budget for the current year if it decides to vote on the budget."
And that "the best for the government is to continue with an operational budget only, with postponement of new job grades until next year by temporarily freezing their work and not job separation until oil prices recover and preparing an integrated plan to secure salaries and find alternatives to supplement the budget away from oil." 25 n ended
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