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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Nusairi: The loss-making government-industrial companies constitute a heavy burden on the Iraqi e

    Rocky
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    Al-Nusairi: The loss-making government-industrial companies constitute a heavy burden on the Iraqi e Empty Al-Nusairi: The loss-making government-industrial companies constitute a heavy burden on the Iraqi e

    Post by Rocky Mon 12 Dec 2022, 5:56 am

    Al-Nusairi: The loss-making government-industrial companies constitute a heavy burden on the Iraqi economy and the public budget

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    Economy News-Baghdad
    The Qatari Al-Araby Al-Jadeed newspaper published a press investigation on. 6/12/2022 under the heading of Iraq’s losing industrial companies, great burdens and difficult solutions,
    On the sidelines of the report, the economic advisor, Samir Al-Nusairi, confirmed that the inability of government industrial companies to cover the salaries of their employees constitutes a burden on the Iraqi economy and the state's general budget.
    Al-Nusairi explained to Al-Araby Al-Jadeed that the production plants of the Iraqi Ministry of Industry are 227 companies, of which 140 production companies have completely stopped working, and the Ministry of Finance is fully responsible for covering the salaries of its employees.
    Al-Nusairi added that all production and industrial companies were operating fully before the invasion of Iraq in 2003, covering their production expenses and covering the salaries of their employees through self-financing, but the period that followed the invasion of Iraq caused the suspension of a large number of these factories.
    He stressed that the absence of a national vision and full will has left major economic problems, foremost of which is the disruption of industry and production, which requires the preparation of a comprehensive economic feasibility study for the productive sectors to put them back on track.
    He pointed out that the state should work hard to rehabilitate these factories and support their production in partnership with the private sector, which owns its economic tools and policies in managing these companies in order to achieve sustainable development.

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    Added 12/12/2022 - 10:35 AM
    Updated 12/12/2022 - 2:40 PM
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