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Government answer: Will Iraqi per capita income see an improvement during 2024?
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Economy News - Baghdad
[rtl]The Ministry of Planning confirmed that the average per capita income last year amounted to approximately 7-8 million dinars, and that there is a discrepancy in income rates for many segments of society, noting that oil prices contributed to an increase in the average per capita income, which is calculated after dividing the gross product by the number of population, While it is expected that the average per capita income for the current year 2024 will witness a noticeable improvement.[/rtl]
[rtl]In a way that confirms an improvement in the national economy, the Ministry of Planning indicated that the actions of the government and the Central Bank of Iraq contributed to the decline and stability of inflation indicators and a decline in their rates during the last two years, as the inflation rate was (6 percent) in the year 2021, and decreased in the year 2022 to ( 5 percent) and then in 2023 the inflation rate was 4.4, meaning less than 4 and a half percent.”[/rtl]
[rtl]The official spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said that the average per capita income is extracted and calculated by dividing the volume of revenues or resources that the country obtains by the number of population, and thus we are talking about a rate or average annual income per capita that ranges between 7 to 8 million dinars per capita during the past year. 2023, pointing out that this improvement in the level of per capita income came as a result of improved oil sales and increased prices, and thus the country achieved good financial revenues.”[/rtl]
[rtl]Al-Hindawi pointed out that the per capita income of 7 to 8 million dinars does not include the entire population, as the individual does not receive the same income or equally. Rather, there is certainly variation between one group and another and between one segment and another, according to many factors, and that there are segments whose average annual income may be 3 million or five million dinars, and there are segments whose annual income is 10 million dinars, or perhaps their annual income is 20 million dinars annually.”[/rtl]
[rtl]He pointed out that the discrepancy in these numbers comes as a result of the nature of the work and the educational attainment certificate of the individual, who can also work in more than one job. As a result, his annual income increases or decreases according to these factors, indicating that the improvement in income rates is also related to the level of services that the individual receives from water and electricity. sanitation, transportation methods, and other requirements.”[/rtl]
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Added 01/30/2024 - 9:21 AM
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Economy News - Baghdad
[rtl]The Ministry of Planning confirmed that the average per capita income last year amounted to approximately 7-8 million dinars, and that there is a discrepancy in income rates for many segments of society, noting that oil prices contributed to an increase in the average per capita income, which is calculated after dividing the gross product by the number of population, While it is expected that the average per capita income for the current year 2024 will witness a noticeable improvement.[/rtl]
[rtl]In a way that confirms an improvement in the national economy, the Ministry of Planning indicated that the actions of the government and the Central Bank of Iraq contributed to the decline and stability of inflation indicators and a decline in their rates during the last two years, as the inflation rate was (6 percent) in the year 2021, and decreased in the year 2022 to ( 5 percent) and then in 2023 the inflation rate was 4.4, meaning less than 4 and a half percent.”[/rtl]
[rtl]The official spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said that the average per capita income is extracted and calculated by dividing the volume of revenues or resources that the country obtains by the number of population, and thus we are talking about a rate or average annual income per capita that ranges between 7 to 8 million dinars per capita during the past year. 2023, pointing out that this improvement in the level of per capita income came as a result of improved oil sales and increased prices, and thus the country achieved good financial revenues.”[/rtl]
[rtl]Al-Hindawi pointed out that the per capita income of 7 to 8 million dinars does not include the entire population, as the individual does not receive the same income or equally. Rather, there is certainly variation between one group and another and between one segment and another, according to many factors, and that there are segments whose average annual income may be 3 million or five million dinars, and there are segments whose annual income is 10 million dinars, or perhaps their annual income is 20 million dinars annually.”[/rtl]
[rtl]He pointed out that the discrepancy in these numbers comes as a result of the nature of the work and the educational attainment certificate of the individual, who can also work in more than one job. As a result, his annual income increases or decreases according to these factors, indicating that the improvement in income rates is also related to the level of services that the individual receives from water and electricity. sanitation, transportation methods, and other requirements.”[/rtl]
90 views
Added 01/30/2024 - 9:21 AM
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