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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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The statements of the Minister of Finance raise public opinion.. and the statements of specialists c

rocky
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Finance - The statements of the Minister of Finance raise public opinion.. and the statements of specialists c Empty The statements of the Minister of Finance raise public opinion.. and the statements of specialists c

Post by rocky Mon 27 Dec 2021, 7:11 am

[size=52]The statements of the Minister of Finance raise public opinion.. and the statements of specialists conflict[/size]

[size=45]Baghdad / Hussein Hatem[/size]
[size=45]Opinions differed about the recent statements made by Finance Minister Ali Allawi about Iraq's dismissal of its employees after 10 years in the event of the collapse of oil, which is the country's only source of income.[/size]
[size=45]The views of specialists were divided between welcoming and rejecting, some of them saw that the minister’s statements lacked an economic vision, and there were those who viewed from another angle that the minister’s words came as a warning to the government to activate the private sector, while others indicated that the minister, during his speech, was trying to repudiate what he presented in the white paper Which only implemented the devaluation of the exchange rate, as they put it.[/size]
[size=45]The economist, Basem Jamil Antoine, said in an interview with (Al-Mada), that "the Iraqi economy is rentier and it is difficult to grow if it is not diversified and comprehensive in the sectors of agriculture, industry and tourism."[/size]
[size=45]Antoine added, "75% of Iraq's budget goes to the operational side, and the remaining 25% lacks economic visions for its investment."[/size]
[size=45]He pointed out that “the speech of the Minister of Finance about the layoffs of employees after 10 years, was interpreted in another way, the purpose of this statement is to seek to disengage from the public sector and rely on the private and build projects, because the state has become burdened with this process, and it is very difficult to bear large salaries. and operational.”[/size]
[size=45]And the specialist in economic affairs indicated that "the white paper launched by the government did not include employment, but rather emphasized the trend towards the private sector and its development, creating job opportunities and a rewarding retirement law," noting that "the statements of the Minister of Finance were warnings to the government and the political blocs that dominate Iraq's economy." .[/size]
[size=45]Finance Minister Ali Allawi had said that the threat level is very high in the medium term, as pension obligations within 5 years will rise to 25 trillion dinars annually and now it is 19 trillion dinars, indicating that within 10 years the oil market will collapse and sales will decline, therefore, he will not have the front Iraq, then, will not lay off employees, and this option will cause major political problems.[/size]
[size=45]In turn, the economic affairs specialist, Salam Sumaisem, said in an interview with Al-Mada that "the statements of the Minister of Finance regarding the dismissal of employees after 10 years indicate a great contradiction, as he is among a government that has adopted the white reform paper."[/size]
[size=45]She added, "The minister's speech lacks an economic vision and gives a bad impression about Iraq, as it has a high financial authority that represents an entire country."[/size]
[size=45]Sumaisem continued, "The Finance Minister is not supposed to come close to these statements, because his life in the government has ended, and all members of his government are under the principle of conducting business only, and he will not be there after ten years until he expects to lay off employees."[/size]
[size=45]The expert in economic affairs believes that "Iraq lives in a chaotic economic situation, and the white paper has only been implemented by reducing the exchange rate of the dinar against the dollar."[/size]
[size=45]Samsim went on to say, "Iraq lacks the political will capable of using the revenues of border crossings, customs and taxation (...)".[/size]
[size=45]For his part, the other specialist in economic affairs, Dia Al-Mohsen, stated in an interview with (Al-Mada), that "Finance Minister Ali Allawi should work on how to manage funds and maximize treasury revenues from non-oil revenues instead of making statements far from the economic vision."[/size]
[size=45]Al-Mohsen added, "The Minister of Finance is trying, through these statements, to absolve the responsibility and place the blame on the government alone," noting that "the minister is trying to evade the white paper and what was put forward in its clauses."[/size]
[size=45]And the specialist in economic affairs suggested, “the stability of oil prices above the threshold of 70 dollars until the beginning of 2023,” calling for “the employment of oil revenues in investment projects and the revitalization of the agricultural and industrial sectors.”[/size]
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