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"Be prepared to tighten the belts on the abdomen" ... the salaries of the employees to the unknown

rocky
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employees - "Be prepared to tighten the belts on the abdomen" ... the salaries of the employees to the unknown Empty "Be prepared to tighten the belts on the abdomen" ... the salaries of the employees to the unknown

Post by rocky on Mon 27 Apr 2020, 5:41 am

[size=35][size=35]"Be prepared to tighten the belts on the abdomen" ... the salaries of the employees to the unknown[/size]
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Sumerian special

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2020-04-27 | 06:25
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[size=18]Despite the enormity of the oil-based economy, but it seems weak if its prices suddenly plummet, leaving rentier countries, foremost among them Iraq, facing a grim fate.


"The option of confrontation is bitter, and there is no way but to pursue a policy of tightening the belt on the abdomen," says specialists in a sign that citizens will narrow their living conditions, because the government has set itself to reduce employee salaries and raise taxes and fees in [You must be registered and logged in to see this link.]  against the background of the collapse of oil prices and a large deficit in Budget, as the national economy is primarily rentier.





 
According to specialists, the Iraqi economy is in a "dizzy state" now, due to the severe blow it suffered as a result of the collapse of oil prices, and the means of reforming it remain merely "bright slogans" echoed by successive governments.
 
And every time with low oil prices, the government resorted to adopting a deflationary financial policy by raising taxes and fees to finance the deficit or to reduce it, i.e. it used to rationalize expenditures and increase revenues and think seriously in order to reduce the salaries of employees and retirees, which barely obstructs the Iraqi family as life rises.
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The Iraqi citizen has become a hostage to government policies that are not studied throughout these years, despite the natural resources that abound in the country and that many countries of the world wish.
 
The sharp drop in oil prices on international markets in recent times has raised concerns in [You must be registered and logged in to see this link.]  about the government's inability to secure the salaries of employees and retirees in the country.
 
Ghadban: Reducing a percentage of employee benefits
 
Deputy Prime Minister and Minister of Oil [url=https://www.alsumaria.tv/Entity/137344/%D8%AB%D8%A7%D9%85%D8%B1 %D8%A7%D9%84%D8%BA%D8%B6%D8%A8%D8%A7%D9%86/ar/]Thamer Al-Ghadban[/url] revealed a trend in the government to reduce a certain percentage of employee allocations, stressing that the nominal salary cannot be affected.
 
Al-Ghadban said in an interview with Al-Sumaria's “neutral” program that “salaries increased a lot from last year as a result of contracting and appointments, as well as returning employees in the security services. There is a very large contract amounting to 56 trillion Iraqi dinars in salaries and pensions, this means we need To approximately $ 45 billion. "
 
Al-Ghadhban stressed, "The salaries of the employees will be paid this month and a decision has been taken, and there is a view of downsizing. There is Iraqi employees’ income consisting of two parts, which is the nominal salary, and there are allocations, which constitute the greatest part of the monthly resource for employees and are variable from one ministry to another and from one category to Another, "noting that" the nominal salary will not be affected. "
 
Al-Ghadhban explained that "who is going to reduce the allocations by a certain percentage of them, they will be postponed in the form of providing for the future, and the discussion took place with the concerned representatives." Noting that "the cabinet will carry out a package of reforms and send it to the parliament and the parliament is the one who discusses and decides, and there is no There is an individual decision. "
 
Deputy: Staff salaries are red

 
At a time when the government is trying to find a way to solve the financial crisis that the country suffers from through solutions, including reducing salaries for state employees, Parliament has had another opinion regarding these salaries.
 
The deputy of the Alliance of [url=https://www.alsumaria.tv/Entity/2460226096/%D8%B5%D8%A8%D8%A7%D8%AD %D8%A7%D9%84%D8%B7%D9%84%D9%88%D8%A8%D9%8A/ar/]Saber Al-Taloubi Al-[/url] Aqili alliance [url=https://www.alsumaria.tv/Entity/2460226096/%D8%B5%D8%A8%D8%A7%D8%AD %D8%A7%D9%84%D8%B7%D9%84%D9%88%D8%A8%D9%8A/ar/]confirms[/url] that the salaries of the employees are a red line, and the government should not afford the citizen what they cannot afford.
 
Al-Okaili said in an interview with Alsumaria News, "We are surprised by the statements issued here and there about tampering with the salaries of employees and deducting percentages from them." That you do not carry the citizen can not afford. "
 
Al-Okaili asked, "Did the increase in the state's resources lead to increasing salaries for employees, and did the government's preparations depend on the salaries of the poor and employees?", Stressing that "all countries of the world have contingency plans and preparations for these conditions, so we call on the government to find realistic solutions and real plans Because the [You must be registered and logged in to see this link.]  epidemic may last a year or more, and it is possible to rely on unrealistic solutions, in which the employee and the poor are victims.
 
Government bonds are the perfect solution
 
Member of the Parliamentary Finance Committee Ahmed Al-Saffar said, "The first and easiest way to secure salaries is to resort to temporary treasury bonds (treasury bills) by placing bonds on the central bank, banks and private companies."
 
Al-Saffar added in a press statement that "one of the ways is to move away from unnecessary spending, and focus on providing the funds necessary to pay salaries by collecting surpluses from a number of ministries that are completely discontinued and devoted to investment projects."
 
Salary cuts are the most dangerous solutions
 
For his part, economist [url=https://www.alsumaria.tv/Entity/817419651/%D8%B6%D8%B1%D8%BA%D8%A7%D9%85 %D9%85%D8%AD%D9%85%D8%AF %D8%B9%D9%84%D9%8A/ar/]Dergham Muhammad Ali considered[/url] that reducing salaries is the most dangerous solution because it leads to recession and poverty.
 
According to [You must be registered and logged in to see this link.]  in an interview with Alsumaria News that " the reduction of salaries procedures or saved compulsorily is one of the most serious solutions to address the shortage of oil imports , the fact that staff salaries are considered the economic engine of the country at present and the engine for all liberal professions and the private sector as they represent the direct object of exchange for the state."
 
It is strange for [You must be registered and logged in to see this link.]  offer this solution in the absence of discussing the issue of multiple salaries for large segments, especially those who live outside the country and exhaust its revenues under the addresses of jihadist and Rafha service and many of the privileges that drain from the local assets from foreign currencies through monthly transfers of hundreds of millions of dollars. In addition to not paying the Kurdistan [You must be registered and logged in to see this link.]  Financial obligations and hundreds of millions of dollars in violation of the law. "
 
Asserts [You must be registered and logged in to see this link.]  that " the reduction of salaries under any title is the furrow cycle of money in the domestic market."
 
Financial expert: Salary reduction patchwork solutions
 
Financial expert Mohsen [You must be registered and logged in to see this link.]  in an interview with Alsumaria News that "the government suffers from a functional slack as a result of the wrong policy of managing state institutions, as it resorted to patchy solutions to limit the demonstrations by appointing many citizens in government departments who already suffer from disguised unemployment, and therefore the government's duty to provide Salaries for these new employees. "
 
[You must be registered and logged in to see this link.]  adds that the previous governments did not provide real opportunities or support for the Iraqi private sector, but on the contrary, they allowed the importer to compete with the local, and consequently, most of the local projects and industries were closed because of this, which made the citizen turn to government jobs.
 
It refers [You must be registered and logged in to see this link.]  "Governments continue to pursue solutions prosthesis to address the ongoing crisis in the Iraqi economy, including reducing the salaries of employees , " adding it was "better for them to find capable economic system to overcome any financial crisis similar to the oil - producing countries that left the rentier economy by taking advantage of imports Oil by revitalizing other economic sectors. "
 
Legal expert: Salary cuts can only be done by law
 
For his part, legal expert, Tariq Harb, explained that "the government cannot prejudice the salaries of employees unless there is a law."
 
Harb said in a press statement, "Unless a law is issued by the House of Representatives, the government may not reduce salaries, but it is presented to Parliament."
 
The Iraqi parliament has not yet ratified the country's general budget for the year 2020, due to political disputes over it, and its large deficit due to low oil prices.
 
The Iraqi economy depends heavily on oil, as its economy is primarily oil, with 95% of [You must be registered and logged in to see this link.]  total income being from hard currency.

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