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Economist for / Nina:: Low oil prices put the salaries of employees in a real crisis that needs 2.5 - 2.3 billion dollars a month
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[rtl]Baghdad / Nina / A specialist in the management of state institutions in crises - Harvar University Ali Jabbar Al-Furaiji, confirmed that the drop in oil prices at levels 1.2 - 1.4 billion dollars per month puts the salaries of employees in a real crisis that needs 2.5 - 2.3 billion dollars a month, likely that the government will resort to debt (Internal or external loans).
Al-Fariji said in a statement to the Iraqi National News Agency / Nina/ "Iraq is one of the countries that suffers from problems of the armies of employees (quantitative employment) that is not programmed, as well as unproductive in the accounts of the sectors in which the armies of the employees operate, indicating that through reviewing the numbers announced by the Ministry of Oil a few days ago for the rates of revenue of selling crude oil that depends on it to pay Salary costs and other operational doors in the state administration - it turns out that the amount of exports of crude oil amounted to approximately (104 million barrels), with a total revenue of 1.4 billion for the month of April of this year - at a sale rate per barrel of ($ 13.801 dollars).
He continued that: By virtue of Iraq’s commitment to the (OPEC +) agreement that imposes on Iraq a reduction of the equivalent of 23% for the middle of this year, then it will decrease to rates of 18% to the end of this year 2020 - and it will change to the end of next year 2021. Export rates for the last year 2019 and also 2018 added to this problem is the decline in the prices of a barrel of crude oil at rates of more than 55% of the value of prices for the past years. ”
He pointed out that“ salary rates that must be paid monthly which amount to 4.4 trillion dinars per month (3.7 billion dollars) According to 2019 budget readings), while GDP Qq from the sale of crude oil will be at levels 2/1 to 4/1 billion per month, and this will put the salaries of staff allowances real crisis you need 5/2 to 3/2 $ billion a month. "/ Ended 8[/rtl]
Al-Fariji said in a statement to the Iraqi National News Agency / Nina/ "Iraq is one of the countries that suffers from problems of the armies of employees (quantitative employment) that is not programmed, as well as unproductive in the accounts of the sectors in which the armies of the employees operate, indicating that through reviewing the numbers announced by the Ministry of Oil a few days ago for the rates of revenue of selling crude oil that depends on it to pay Salary costs and other operational doors in the state administration - it turns out that the amount of exports of crude oil amounted to approximately (104 million barrels), with a total revenue of 1.4 billion for the month of April of this year - at a sale rate per barrel of ($ 13.801 dollars).
He continued that: By virtue of Iraq’s commitment to the (OPEC +) agreement that imposes on Iraq a reduction of the equivalent of 23% for the middle of this year, then it will decrease to rates of 18% to the end of this year 2020 - and it will change to the end of next year 2021. Export rates for the last year 2019 and also 2018 added to this problem is the decline in the prices of a barrel of crude oil at rates of more than 55% of the value of prices for the past years. ”
He pointed out that“ salary rates that must be paid monthly which amount to 4.4 trillion dinars per month (3.7 billion dollars) According to 2019 budget readings), while GDP Qq from the sale of crude oil will be at levels 2/1 to 4/1 billion per month, and this will put the salaries of staff allowances real crisis you need 5/2 to 3/2 $ billion a month. "/ Ended 8[/rtl]
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