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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

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    Fiery statements from the Iraqi Finance Minister and angry reactions between supporters and opponent

    Rocky
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    Fiery statements from the Iraqi Finance Minister and angry reactions between supporters and opponent Empty Fiery statements from the Iraqi Finance Minister and angry reactions between supporters and opponent

    Post by Rocky Sun 26 Dec 2021, 6:30 am

    Fiery statements from the Iraqi Finance Minister and angry reactions between supporters and opponents
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    The statements of Finance Minister Ali Allawi regarding the layoffs of employees after ten years due to the continued dependence on oil, which constitutes more than 90% of the state's revenues, received different reactions between those who supported it and those who strongly rejected it.
    Economists believe that these statements are realistic and come to motivate the government to find other alternatives to finance the budget apart from the oil sector, while political circles rejected the statement of the Minister of Finance in whole and in detail, calling for the treatment of billions of dollars wasted by financial and administrative corruption, while an observer of political affairs raised questions about those expectations. Is it just personal jurisprudence, or is it information based on official statistics and statements available with the government and supports these dangerous expectations?
    The economic expert, Nasser al-Kinani, stressed that the expectations of the Minister of Finance regarding the layoffs of employees after ten years are logical probabilities in the absence of real reforms, and they represent a stimulus for the government to find other resources to finance the budget besides oil.
    Al-Kinani said: “The statements of the Minister of Finance regarding the layoffs of employees after ten years are a realistic warning in light of the current data and the lack of any real reforms to the economic and investment reality in the country,” noting that “the statements of the Minister of Finance are an attempt to motivate the government to find other resources besides oil.” “.
    Al-Kinani added, "There is unemployment in Iraq, most of which are young graduates, who can benefit from them in small projects and industries, through soft loans for small industries and agricultural areas in projects and housing units at the governorate level."
    He pointed out that "there is a big problem with job slack, especially in the three presidencies, for which the allocations are supposed to be reduced by a certain percentage to provide funds to the state treasury, in addition to stopping the issue of delegations and importing cars for a period of five years, which causes a waste of fuel and without economic benefits for the country."
    The economic expert continued, "Most of the revenues go to the operating budgets, which negatively affected the investment sector, not to mention the red tape and bureaucracy that caused foreign investments to refrain from entering the country, except for investments in the oil sector only," explaining that "there are projects in the form of solidarity companies for a number of Many people are given loans for these projects that they can repay in the future instead of giving loans for marriage or buying cars, as is happening now, which created another problem to add to the previous problems in the reluctance to pay those loans.”
    Al-Kinani stressed, "There are other sectors that can be benefited from, such as the tourism sector, which is supposed to provide the state treasury with money instead of allocating funds to it in the budget. The presence of treatments not only will not have the ability to pay salaries, as the Minister of Finance is likely, but perhaps also the population will increase to sixty million without the existence of new roads and projects for work and housing, in addition to threats to dry up the Tigris and Euphrates rivers after cutting Iraq’s water quotas from Iran and Turkey.
    The observer of the Iraqi affairs, Yusuf Salman, confirmed that the recent statements of the Minister of Finance regarding the future of employees after ten years, and it seems that they exceed the issue of expectations to the level of the minister’s desire to anticipate the event and point to the need for economic treatments that bear fruit quickly and that the employee is not the first victim of the failed policies of governments successive.
    Salman said: “The statements, or we can call them, are the controversial expectations of the Minister of Finance regarding the state’s resort to laying off employees during the next ten years. It seems that the minister wanted in one way or another to anticipate events and matters for the same purpose, through which he wanted to issue those warnings,” noting that “ The minister resorted to giving a kind of media aura to his presence in the position of minister for an important portfolio related to the lives and pensions of Iraqis and related to the state’s revenues and budget, as he is trying to draw attention to the seriousness of the economic situation in the coming years as a result of oil policies remaining the only resource for financing the state budget.
    Salman added, "The warning is an early step, but it is not without negative repercussions and repercussions that will be more negative on the local market and on the segment of employees, especially retired ones. Pointing out that “successive governments are supposed to provide a clear-cut economic policy to remedy what can be remedied, given that Iraq, so far, is still dependent on oil exports as the only source of budget financing, which is something that needs a serious pause and studies that are supposed to bear fruit in the near term.” .
    He continued, "The economic treatments of all governments were futile and did not advance the economic reality or achieve a sufficient degree of security for citizens' pensions. Every year we hear miserable government assurances that salaries are secured for the next year. Despite this, we noticed deductions with different addresses, all of which raise questions on the next government's table regarding the measures that It has to deal with economic failures, especially since the legacy is heavy and accumulated from the failures of previous governments that did not find a solution to the problems, which negatively affected the economic and living situation of the simple citizen.”
    Salman stressed that "the rise in the price of the dollar and global oil prices, and the return of the Iraqi currency reserves to the previous era, do not represent sufficient reassurances, given that there is a need to find different sources of funding for the budget."
    He stressed, "The government must be more aware in the face of economic bumps and that expectations are in the right place, given that Allawi's expectations put us at a critical juncture, which is whether the minister was aware of these conditions before assuming the position, or was it a fait accompli that he discovered after taking office for such a presence. A future catastrophe, in addition to the fact that the government with all its joints is concerned with answering the merits of these expectations and how they were built, and whether they came with personal diligence by the minister, or is it the result of statistics and official statements available with the government and support these dangerous expectations.”
    A member of the Al-Fateh Alliance, Abbas Al-Zamili, criticized the statements of the Iraqi Finance Minister, in which he indicated the possibility of laying off Iraqi employees during the next ten years, considering these words illogical, injustice and starvation of the Iraqi people.
    In a press statement, Al-Zamili called on the Minister of Finance to "strive hard to demand accountability for the whales of corruption and the recovery of the looted money of the Iraqi people, instead of going to the livelihood of the employees who support millions of women, children and the elderly."
    Al-Zamili added, “The Iraqi citizen deserves millions of dinars for his share of oil, which the constitution affirms, and that the job is the most basic of his rights,” stressing that “the statement of the Minister of Finance is a dangerous matter that may open a wide door to starvation and impoverishment of Iraqis.”
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