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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


    Iraq needs 5 million job opportunities until 2030

    rocky
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    • Post n°1

    Iraq needs 5 million job opportunities until 2030 Empty Iraq needs 5 million job opportunities until 2030

    Post by rocky Sun Jun 12, 2022 6:55 am

    [size=45]Iraq needs 5 million job opportunities until 2030
    13 seconds ago[/size]

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    On Sunday, Professor of Economics at Basra University, Nabil Al-Marsoumi, warned of the repercussions of unemployment on the country's future, while noting that Iraq needs 5 million job opportunities until 2030.
    Al-Marsoumi said, "The population in Iraq will reach 40 million people in 2020, and it is expected to reach 51 million people in 2030, while the size of the workforce in 2020 will be about 11 million people, and the total workforce in Iraq is expected to reach 16 million people in 2030." .
    He added, "5 million new people will enter the labor market during the period 2020-2030," noting that "the number of employees on permanent staff reached 1.047 million in 2004, rising to 3.263 million in 2021."
    And he indicated that “allocations of employee salaries to permanent owners amounted to 53 trillion dinars in 2021,” noting that “the total rate of youth unemployment (15-24 years) is about 22.7 percent.”
    Al-Marsoumi explained that “the youth are demanding, protesting and demonstrating to obtain decent job opportunities for them, and this is their right, and the Iraqi state is unable to do so because basically there is no real economic process in Iraq that produces goods and services and provides job opportunities. Therefore, the expansion in the number of workers and the creation of new jobs was not accompanied by a real expansion of energies Productivity and service for the public sector and government departments.
    The state was supposed to have a clear program for the modernization of the public sector and the establishment of some strategic work-saving projects in order to diversify the Iraqi economy and move it from a rentier economy to a productive one in conjunction with adopting a package of measures supporting the national private sector, and because this did not happen, the political class will face over the years The upcoming task is very difficult and is represented in providing 5 million job opportunities until 2030, either by employing them in state agencies or by diversifying the economy and creating sustainable job opportunities. Otherwise, it will face a deep crisis in the face of the crowds of the unemployed. Unemployment is a monster with multiple heads if it is not tamed by providing job opportunities. It will undermine the current political system.”
     
    Saleh stated on (April 18, 2022), that "the financial abundance achieved as a result of the rise in global oil prices, and then the increase in the country's oil revenues, will address the social and economic problems left by the current economic crisis and its inflationary repercussions on the local economy, especially its impact on social groups."
     
    He added, "The rise in food prices has had a significant impact on people with limited incomes, in particular, and has now constituted 80 percent of their income, which will lead to an increase in poverty rates in the country," noting that "the monetary policy follows the performance of fiscal policy accurately and its role in raising income and living standards. to the affected classes and the advancement of the policy of operating projects, which leads to raising population growth rates.”
     
    He continued, "The indicators of poverty and unemployment can recede through 4 measures represented in supporting social welfare, supporting the components of the ration card, supporting the prices of agricultural crops and grains, in addition to operating the important lagging projects," stressing that "the role of fiscal policy lies in using the financial surpluses to the fullest extent." Even if there are some indications of price increases, as long as the requirements for protecting the poor classes are provided by subsidizing incomes and prices, and providing real income that supports those affected social segments.
     
    He pointed out that "the fiscal policy is working to combat the repercussions of rising inflation, as monetary policy will have a broader role in the development of the country's reserves that support the purchasing power of the dinar, allowing the defense of monetary income and a broader purchasing power through a strict monetary policy."
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