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[size=36]A former member of Parliamentary Finance reveals proposals to secure salaries: one of which is to cut spending on it[/size]
Economy | 03:19 - 19/04/2020
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Baghdad - Mawazine News
revealed former member of the Parliamentary Finance Committee Masoud Haider, on Sunday, proposals to secure the salaries of employees this year, while pointing to the need to reduce the value of the dinar against the dollar.
Haider said in an interview singled out by Mawazine News, "The financial situation in Iraq is very critical, and the federal government may have to apply compulsory savings to employees. Compulsory saving is an incorrect administrative financial measure and outside the legal frameworks and the accumulation of financial problems for the coming years, it is an anesthetic dose to relieve The pain is not a correct procedure to start addressing the core of the financial and administrative dilemma in the Iraqi state. "
She added, "According to the data and reports of the International Monetary Fund, the number of Iraqi state employees is very much compared to the needs of the government sector and the performance of state institutions, and the average employee salary in Iraq is the highest compared to countries in the region. The dilemma is clear and needs a fundamental solution; the government should not find Provisional solutions, but rather a review of the salary system first and then preparing to review the number of state employees. By reviewing the salary system, it is possible to reduce spending in the section of employee salaries, and one other solution that is inevitable is to reduce the value of the dinar exchange by about 25% -30%.
He pointed out that "with these two procedures, spending will be reduced and government revenues will increase in the Iraqi dinar. In addition to these measures, payment of oil companies' dues must be postponed during this year until oil prices improve."
And he stated, "If the government can reduce spending in the salaries section by 25% while reducing the dinar exchange value by 25%, then the government can secure salaries without any problem even if the price of a barrel of Iraqi oil is $ 20," noting that "these measures are painful and harsh, But it is necessary for the state to be able to secure salaries continuously. Without taking these measures, the employee and the Iraqi family will be concerned daily and this affects the performance of state institutions. ”
He pointed out, "There are other measures to revitalize the economy, such as directing resources towards one or two strategic projects at the national level of the state to create job opportunities and moving the local market, and the grave error is the use of the reserves in the central bank for operational expenses, and the grave error is borrowing from banks for operational expenses. If it does not The government is pumping money for big strategic projects, because the private sector will stop and the unemployment will increase and then the social and security problems. "
He explained, "The difficult economic stage that Iraq is going through is the result of wise financial and economic policies and management and in need of harsh measures to start getting out of it and investing human capacities properly, and there are other economic (administrative and financial) measures in the medium and long term to streamline spending and increase dependence on products The local, especially with regard to the oil and gas sector and the production of electrical energy, and reviewing contracts concluded in this field, and that the border outlets need to be disciplined and review its management mechanism to increase non-oil revenues in the long run, in the country’s place and by tennis With the government of the Kurdistan region to take advantage of the region after converting gas generating power plants in Iraq to gas stations, then the outside will be reduced spending and is a large part of the problem of electricity in the treatment of Iraq ".anthy 29 / h
revealed former member of the Parliamentary Finance Committee Masoud Haider, on Sunday, proposals to secure the salaries of employees this year, while pointing to the need to reduce the value of the dinar against the dollar.
Haider said in an interview singled out by Mawazine News, "The financial situation in Iraq is very critical, and the federal government may have to apply compulsory savings to employees. Compulsory saving is an incorrect administrative financial measure and outside the legal frameworks and the accumulation of financial problems for the coming years, it is an anesthetic dose to relieve The pain is not a correct procedure to start addressing the core of the financial and administrative dilemma in the Iraqi state. "
She added, "According to the data and reports of the International Monetary Fund, the number of Iraqi state employees is very much compared to the needs of the government sector and the performance of state institutions, and the average employee salary in Iraq is the highest compared to countries in the region. The dilemma is clear and needs a fundamental solution; the government should not find Provisional solutions, but rather a review of the salary system first and then preparing to review the number of state employees. By reviewing the salary system, it is possible to reduce spending in the section of employee salaries, and one other solution that is inevitable is to reduce the value of the dinar exchange by about 25% -30%.
He pointed out that "with these two procedures, spending will be reduced and government revenues will increase in the Iraqi dinar. In addition to these measures, payment of oil companies' dues must be postponed during this year until oil prices improve."
And he stated, "If the government can reduce spending in the salaries section by 25% while reducing the dinar exchange value by 25%, then the government can secure salaries without any problem even if the price of a barrel of Iraqi oil is $ 20," noting that "these measures are painful and harsh, But it is necessary for the state to be able to secure salaries continuously. Without taking these measures, the employee and the Iraqi family will be concerned daily and this affects the performance of state institutions. ”
He pointed out, "There are other measures to revitalize the economy, such as directing resources towards one or two strategic projects at the national level of the state to create job opportunities and moving the local market, and the grave error is the use of the reserves in the central bank for operational expenses, and the grave error is borrowing from banks for operational expenses. If it does not The government is pumping money for big strategic projects, because the private sector will stop and the unemployment will increase and then the social and security problems. "
He explained, "The difficult economic stage that Iraq is going through is the result of wise financial and economic policies and management and in need of harsh measures to start getting out of it and investing human capacities properly, and there are other economic (administrative and financial) measures in the medium and long term to streamline spending and increase dependence on products The local, especially with regard to the oil and gas sector and the production of electrical energy, and reviewing contracts concluded in this field, and that the border outlets need to be disciplined and review its management mechanism to increase non-oil revenues in the long run, in the country’s place and by tennis With the government of the Kurdistan region to take advantage of the region after converting gas generating power plants in Iraq to gas stations, then the outside will be reduced spending and is a large part of the problem of electricity in the treatment of Iraq ".anthy 29 / h
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