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

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.

Neno

NOTES:
For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-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

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017


Public sector in Iraqi Kurdistan is double what it should be

Share

rocky
Moderator
Moderator

Posts : 57585
Thanked : 1879
Join date : 2012-12-21

Public sector in Iraqi Kurdistan is double what it should be

Post by rocky on Sat Oct 01, 2016 4:14 am

Public sector in Iraqi Kurdistan is double what it should be
Posted on October 1, 2016 by Editorial Staff in Economy, Industry

People in Sulaimani Bazzar, Iraqi Kurdistan. Photo: virtualtourist.com

HEWLÊR-Erbil, Iraq’s Kurdistan region,— Iraq’s Kurdistan Regional Government (KRG) aims to reduce the size of the public sector, which is double what it should be according to international standards, in a new plan launched with the World Bank that looks to strengthen the private sector.
“According to international rates, 6% of the Kurdish population should be in the public sector,” Zagros Fatah, head of investment at the Ministry of Planning, told Rudaw. “But now more than 12% of the population is employed by the government.”
Kurdistan’s public sector is one of the largest in the world in terms of proportion of the population, the Ministry of Planning noted in a report in May.

“The strategy of the Ministry of Planning is we will try to reduce that number in order first not to affect the budget in such times when we cannot pay employees’ salaries,” and also, he added, to give youth in the private sector more opportunities where they will be more productive.
Part of the KRG’s plan to reduce the number of public sector employees is to conduct a review of employment in government departments. The government is looking to shift 200,000 employees to the private sector.
As the government is instituting austerity measures and delaying payment of wages in an effort to manage the financial crisis, it is urging public sector employees to look for opportunities in the private sector.
But the move comes at a time when the private sector is also hard hit by the economic crisis and many companies are reducing their employees as well.
“As a private sector company, because of the financial crisis, our business has slowed. Therefore, we could do the work with just half of the employees we have now,” Mohammed Shafiq, an administration manager at a company in Erbil told Rudaw. “But because they have been working with us for a long time, we did not fire any employees.”
“But we cannot hire any new employees at this stage,” he added.
Before the financial crisis, KRG allocated 850 billion Iraqi dinars monthly for public sector employees’ salaries. But since the beginning of this year, after implementing austerity measures, the KRG is spending 450 billion dinars monthly on salaries.
The KRG’s Ministry of Planning announced a three-year reform plan in partnership with the World Bank in May to reboot the economy and overcome a severe financial crisis that has gripped the region for more than two years.
The three year strategic plan involves a boost to the private sector as the majority of the Kurdistan Region population relies on the public sector for an income. However, recent reports by Rudaw English revealed that red tape and lack of institutional support has hampered development within the private sector, young entrepreneurs especially.

http://ekurd.net/public-sector-iraqi-kurdistan-2016-10-01

    Current date/time is Sat Dec 03, 2016 8:57 pm