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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


    Video | Ali Allawi paints a bleak future picture that may begin with the layoffs of Iraq's employees

    Rocky
    Rocky
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    • Post n°1

    Video | Ali Allawi paints a bleak future picture that may begin with the layoffs of Iraq's employees Empty Video | Ali Allawi paints a bleak future picture that may begin with the layoffs of Iraq's employees

    Post by Rocky Sun 26 Dec 2021, 6:20 am

    [size=52]Video | Ali Allawi paints a bleak future picture that may begin with the layoffs of Iraq's employees[/size]

    [size=45]“The peak (the crisis facing Iraq) may occur in 2030 or 2040.”[/size]
    [size=45][You must be registered and logged in to see this image.][/size]
    [size=45]Iraqi Finance Minister Ali Allawi said that the energy market will witness a huge change in the next ten years at the global level, noting that Iraq's continued dependence on oil poses an existential risk unless it resorts to implementing harsh reforms.[/size]
    [size=45]Allawi added, in a speech during the Ministerial Forum on Future Energy Outlook, that the transportation sector consumes about 60 percent of global oil, but that dependence on this will stop by 2030 after the world moves to the electric car industry and the fuel page is turned.[/size]
    [size=45]He added that the "massive change" that would hit the energy market in the world was no different from what happened around firewood, then coal, and then the transition to fossil fuels.[/size]
    [size=45]He continued, "The peak (of the crisis that Iraq will face) may occur in 2030 or 2040."[/size]
    [size=45]The minister warned that the country is vulnerable to a collapse in oil revenues in the next five or ten years, due to the total dependence on crude.[/size]



    [size=45]Allawi said that the financial structure in Iraq is "very rigid and has no flexibility at all ... and when it collapses or revenues decrease, the result is either the layoff of large numbers of people ... and this thing cannot happen politically, or the arrears accumulate", referring to the delay in the payment of salaries.[/size]
    [size=45]The minister indicated, during the forum, which was launched two days ago, that the salaries of retirees will rise in the next five years to 25 trillion dinars.[/size]
    [size=45]Iraq currently spends 19 trillion dinars on retirees.[/size]
    [size=45]"Retirees' obligations are constantly increasing," he added.[/size]
    [size=45]He said the medium-term threat level was "very, very high[/size]
    [size=45][You must be registered and logged in to see this link.]
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