[size=30]Al-Kazemi's advisor talks about a "catastrophe" threatening the Iraqi economy[/size]
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[size=15]The financial advisor to the prime minister, Mazhar Muhammad Salih, confirmed , on Saturday, that 72% of state-owned companies are losing money .[/size]
[size=15]Saleh said in a press statement followed by NRT Arabia today (April 17, 2021), that "out of the 173 public or state-owned companies, only 28% operate and achieve profit, and the rest 72% are losing companies."[/size]
[size=15]He added that "there are about 400 thousand workers who receive monthly grants in the form of salaries without performing productive work for eighteen years."[/size]
[size=15]He explained, "Since the year 2003, production activity in the government sector has been subject to stoppage and neglect, and that more than 20% of these companies have been removed from existence because of the wars."[/size]
[size=15]He pointed out that "profitable public companies are those that are linked to 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 do not bear the cause of negligence and negligence." On economic policy based on oil and neglecting any other resource. "[/size]
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