[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]
[You must be registered and logged in to see this link.]
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."
[You must be registered and logged in to see this link.]
Today at 7:02 am by Rocky
» Parliamentary Finance: Amending the Federal Budget Opens the Way to Change Ineffective Paragraphs
Today at 7:00 am by Rocky
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
Today at 6:56 am by Rocky
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
Today at 6:56 am by Rocky
» utube 11/27/24 MM&C The National Union explains the reasons for not legislating the oil and gas
Today at 6:55 am by Rocky
» Mr. Al-Hakim: Oil dependence is an economic problem for Iraq, and decentralization is a guarantee of
Today at 6:53 am by Rocky
» Al-Ziyadi: Amending the Investment Law and the Central Bank’s Interaction Guarantee the Success of t
Today at 6:51 am by Rocky
» Iraq signs Mecca agreement to enhance cooperation in combating corruption and recovering its proceed
Today at 6:50 am by Rocky
» Rights Center: 2024 Census Will Not Change Number of House of Representatives Seats.. Explains Why
Today at 6:49 am by Rocky
» Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Ku
Today at 6:47 am by Rocky
» Will Iraq take the adventure of joining BRICS despite American risks?
Today at 6:44 am by Rocky
» MP: Former Oil Minister Blackmailed Main Suspect in Stealing the Century
Today at 6:43 am by Rocky
» Negative impact on the legislation of laws.. Popular movement criticizes the weak performance of the
Today at 6:40 am by Rocky
» Al-Maliki Coalition: Most blocs support amending the electoral law
Today at 6:39 am by Rocky
» The National Union explains the reasons for not legislating the oil and gas law
Today at 5:13 am by Rocky
» Iraq signs two memoranda of understanding with the Arab Tourism Organization
Today at 5:12 am by Rocky
» Parliamentary Committee: Granting investment licenses reduces housing unit prices
Today at 5:11 am by Rocky
» Parliamentary Finance: Amending the budget law will allow for changing useless paragraphs and items
Today at 5:10 am by Rocky
» MP reveals latest developments in Personal Status Law
Today at 5:09 am by Rocky
» Salary scale pushes towards hosting Al-Sudani inside the parliament dome
Today at 5:08 am by Rocky
» Intensive meetings with British BP to develop Kirkuk fields
Today at 5:05 am by Rocky
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
Today at 5:04 am by Rocky
» Parliamentary Energy: Iraq continues its efforts to diversify gas supply sources
Today at 5:03 am by Rocky
» What is Iraq's connection? Goldman Sachs: OPEC+ cuts may support oil in the short term
Today at 5:01 am by Rocky
» New understandings between Baghdad and Erbil to export oil via Turkish Ceyhan
Today at 5:01 am by Rocky
» Minister of Communications: We will deal with the global parent company Vodafone, not its branch in
Today at 5:00 am by Rocky
» "Pessimism" about Trump's arrival to the US presidency.. Will it affect the Iraqi economy?
Today at 4:59 am by Rocky
» Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's
Today at 4:58 am by Rocky
» Parliamentary criticism follows granting Vodafone the national mobile phone license
Today at 4:57 am by Rocky
» Oil Markets: OPEC+ Plans to Increase Production, Trump's Promises Spark Controversy
Today at 4:56 am by Rocky
» Natural barriers to stop desertification in the country
Today at 4:54 am by Rocky
» Parliament Legality to Al-Sabah: Extending the Legislative Session Aims to Pass Important Laws
Today at 4:53 am by Rocky
» The Council of Ministers takes 19 important decisions
Today at 4:52 am by Rocky
» Al-Sudani: We succeeded in sparing Iraq the consequences of conflicts
Today at 4:51 am by Rocky
» 20 schools with international standards in Babylon
Today at 4:49 am by Rocky
» Transport to {Sabah}: One million passengers on board the Green Bird in 4 months
Today at 4:48 am by Rocky
» Agriculture to {Sabah}: Strategic work programs to stop desertification in the country
Today at 4:47 am by Rocky
» Food Basket: Improved Quality, Delayed Distribution
Today at 4:46 am by Rocky
» Parliament extends its term and ends reading of three laws
Today at 4:45 am by Rocky
» Great government achievements.. Model school buildings project
Today at 4:44 am by Rocky
» Parliamentary meeting to discuss four important oil files
Today at 4:41 am by Rocky
» Parliamentary Committee: We support amending the budget law and we submitted a request to add a new
Today at 4:40 am by Rocky
» Al-Sudani stresses the importance of relations between Iraq and Kuwait and the government's efforts
Today at 4:38 am by Rocky
» Al-Sudani leaves Baghdad for Spain on an official visit
Today at 4:37 am by Rocky
» Economist: Non-oil revenues to achieve significant growth in 2024
Today at 4:36 am by Rocky
» Transport signs a consulting contract with an Italian company regarding the first phase of the devel
Today at 4:35 am by Rocky
» Iraqi Exhibitions Announce New Exhibitions Next Month
Today at 4:34 am by Rocky
» Integrity: Iraq signs Mecca Agreement to enhance cooperation in combating corruption
Today at 4:28 am by Rocky
» Despite setting the first session... the talks to form the regional government are at a standstill a
Today at 4:27 am by Rocky
» Speaker of the House of Representatives discusses a number of important national issues with the Pre
Today at 4:25 am by Rocky
» Iraqi oil falls again on third day of trading
Today at 4:24 am by Rocky
» Economist: Iraq has a reliable database and the census does not create development but rather facili
Today at 4:21 am by Rocky
» Decisive moves to propose salary scale amendment under the parliament dome
Today at 4:20 am by Rocky
» To solve the overcrowding crisis, Iraq needs to build 10,000 schools
Today at 4:19 am by Rocky
» 64% of Anbar power plant in Hit completed: A qualitative step to enhance energy
Today at 4:18 am by Rocky
» Minister of Interior: We discussed with the United Kingdom ways of security and intelligence coopera
Today at 4:17 am by Rocky
» The possibility of an Israeli strike on Iraq is increasing.. Will the factions stop the attacks if a
Today at 4:16 am by Rocky
» Halt of Iranian gas supplies threatens operation of power plants in Iraq
Today at 4:15 am by Rocky
» The Presidency of the Region announces: The new parliament will hold its first session on the second
Today at 4:14 am by Rocky
» America: Factions in Iraq expose the country to the risk of instability
Today at 4:12 am by Rocky
» Planning reveals the next step of the census: We will visit these families
Today at 4:11 am by Rocky
» Health: Opening of three new factories to produce various medicines
Today at 4:10 am by Rocky
» Health: Ongoing work to develop and create new specialized centers throughout Iraq
Today at 4:09 am by Rocky
» The House of Representatives completes the first reading of the draft law amending the first three-y
Today at 4:07 am by Rocky
» President of the Republic: The necessity of unifying efforts to establish peace and stability in the
Today at 4:06 am by Rocky
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
Today at 4:05 am by Rocky
» Indian Oil Corporation maintains deal to import Iraqi oil
Today at 4:04 am by Rocky
» Iraq's oil exports exceed 103 million barrels last month
Today at 4:03 am by Rocky
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
Today at 4:00 am by Rocky
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
Today at 3:58 am by Rocky
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
Today at 3:56 am by Rocky
» Find out the dollar prices in the Iraqi markets
Today at 3:55 am by Rocky
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
Today at 3:54 am by Rocky
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
Today at 3:52 am by Rocky
» Parliamentary Finance Committee discusses amending the three-year budget
Yesterday at 6:40 am by Rocky
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
Yesterday at 5:13 am by Rocky
» Increase in foreign remittance sales at the Central Bank of Iraq auction
Yesterday at 5:12 am by Rocky
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
Yesterday at 5:09 am by Rocky
» Kurdistan Finance delivers employees' salary schedule to the federal government
Yesterday at 5:08 am by Rocky
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
Yesterday at 5:07 am by Rocky
» Settling tax trust claims
Yesterday at 5:05 am by Rocky
» Launching the National School Health Strategy
Yesterday at 5:04 am by Rocky
» Approval to implement service projects in Babylon
Yesterday at 5:02 am by Rocky
» New container handling berths at ports
Yesterday at 5:02 am by Rocky
» Work: Demand for registration in social security
Yesterday at 5:01 am by Rocky
» Reconstruction: Land Bank to be completed next year
Yesterday at 4:59 am by Rocky
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
Yesterday at 4:58 am by Rocky
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
Yesterday at 4:57 am by Rocky
» Focus on the banking sector
Yesterday at 4:56 am by Rocky
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
Yesterday at 4:55 am by Rocky
» Economists: Census is a roadmap for development
Yesterday at 4:54 am by Rocky
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
Yesterday at 4:53 am by Rocky
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
Yesterday at 4:48 am by Rocky
» thirty-sixth session, chaired by the Minister of Planning
Yesterday at 4:47 am by Rocky
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
Yesterday at 4:46 am by Rocky
» The demographic boom in Iraq: an economic opportunity or a social burden?
Yesterday at 4:44 am by Rocky
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
Yesterday at 4:42 am by Rocky
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
Yesterday at 4:41 am by Rocky
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba
Yesterday at 4:38 am by Rocky