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[size=35][size=35]Advisor to the Prime Minister: 72 percent of state companies are losing money[/size]
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2021-04-17 | 02:32
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Saleh said in statements followed by Alsumaria News, "Of the 173 public or state-owned companies, only 28% work and achieve profit, and the rest 72% are losing companies." Perform productive work for eighteen years. "
He added, "Since the year 2003, the production activity of the government sector has been halted and neglected, and more than 20% of those companies have been removed from existence because of the wars."
He pointed out that "the profitable public companies are those that are associated with the rentier activity of the oil sector and that enjoy quasi-monopolistic advantages in obtaining raw materials and marketing the product and prices, which makes them profitable and they are profitable operations surrounded by a lot of support." On economic policy based on oil and neglecting any other resource. "
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[You must be registered and logged in to see this link.]2021-04-17 | 02:32
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The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, that 72% of state-owned companies are losing money.
Saleh said in statements followed by Alsumaria News, "Of the 173 public or state-owned companies, only 28% work and achieve profit, and the rest 72% are losing companies." Perform productive work for eighteen years. "
He added, "Since the year 2003, the production activity of the government sector has been halted and neglected, and more than 20% of those companies have been removed from existence because of the wars."
He pointed out that "the profitable public companies are those that are associated with the rentier activity of the oil sector and that enjoy quasi-monopolistic advantages in obtaining raw materials and marketing the product and prices, which makes them profitable and they are profitable operations surrounded by a lot of support." On economic policy based on oil and neglecting any other resource. "
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