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Economist: The government is unable to secure employee salaries for the next month of May
18:12 - 12/04/2020
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Economic expert, Majed Al-Suri, confirmed on Sunday that the government will be unable to secure the salaries of employees for the next month of May in light of the drop in oil prices, and that reducing oil production by ten million barrels will not raise prices because of the decline in global demand.
Al-Suri said in a statement to / Information /, that "the government should go towards reducing expenditures related to allocations for all the higher grades to reduce the financial deficit expected at the present time," noting that "these expenditures amount to more than 45 billion Iraqi dinars."
He added that "OPEC's attempts to reduce oil production by ten million barrels per day will not achieve high prices, because the demand suffers from a severe decline," noting that "the government will be unable to secure the salaries of employees for the month of May in light of falling oil prices."
Today, Sunday, energy consultant Falah Al-Amiri warned that [You must be registered and logged in to see this link.] will face the most difficult financial year since 2003, calling on the government to prepare an emergency budget and take quick steps to remedy the crisis. It ended 25 T.
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