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Neno's Place Established in 2006 as a Community of Reality


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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


Neno

I can be reached by phone or text 8am-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

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Half a million employees receive salaries without work: an obstacle standing in the way of resolving

    rocky
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    • Post n°1

    Half a million employees receive salaries without work: an obstacle standing in the way of resolving Empty Half a million employees receive salaries without work: an obstacle standing in the way of resolving

    Post by rocky Sat 17 Apr 2021, 7:37 am


    [size=30]Half a million employees receive salaries without work: an obstacle standing in the way of resolving the issue of "losing companies" ... and 3 proposals, some of them harsh

    2021-04-17
    [/size]
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    Yes Iraq: Baghdad

    The "harsh" reference made by the government white paper towards state-owned public companies is still evident so far after it described most of them as "losers" that consume huge sums of money from the state with little production, before the financial advisor to the prime minister, Mazhar Muhammad Saleh, reveals the extent of the problem. The major factor is when he asserted that 72% of state-owned companies are "losing out".
    Saleh indicated in press statements followed by "Yass Iraq" that "out of the 173 public or state-owned companies, only 28% operate and achieve profit and the rest 72% are losing companies," indicating that "there are about 400 thousand workers who receive monthly grants in a manner." Wages without performing productive work for eighteen years. ”
    He added that "since the year 2003, the production activity of the government sector has been subject to stoppage and neglect, and that more than 20% of those companies have been removed from existence due to 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,” stressing that “workers and employees cannot bear the cause of negligence and negligence.” In the economic policy that depends on oil and neglecting any other resource.
     
    White paper reduces support
    The white paper prepared by the current government aimed to reduce the financial support for public companies by about 30% annually for a period of three years, and then be evaluated at a later time, and at the time the money that the government pays in salaries to these companies is estimated at about 2 trillion dinars annually, which means The white paper plans to reduce it to one trillion and 400 billion dinars, by deducting about 600 billion dinars.
     
    According to estimates by economists, the total number of state employees in these public companies is estimated at 600,000 employees, divided between poorly productive and non-productive, whom Mazhar Muhammad Saleh estimated at 400,000.
     
     
    Staff salaries ... an obstacle to "restructuring"
    The salaries of employees in these companies remain an obstacle to the restructuring of these companies, and the solution remains either to transfer the workforce to other companies or ministries, or to convert these companies to investment and participation between the public and private sector, which is what the White Paper goes to.
    Deputy Mithaq Al-Hamidi, and in previous press statements, considered that “the salaries of employees or their dismissal are a red line, whether they are losing companies or others,” indicating the possibility of going about another mechanism that is summarized by “privatizing or managing companies between the public and private sectors, and this is beneficial to the government, but on condition It includes shares for its employees to ensure their shares and keep corruption away from companies.
     
    On the other hand, economist Salam Zeidan believes in press statements that there is no solution for public companies except to fully privatize them, as the government gives salaries to employees in companies that are essentially losing money and this costs the state approximately 2 trillion dinars annually, and these sums are therefore wasted and the state must "Restructuring these companies and offering them as privatization for investors and converting them into profitable companies."
    Zidan pointed out that "the global trend of the new economy is that the public sector does not control all joints of the economy and gives space for the private sector to work."
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