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"The state is just a cashier"... an economic center: 90% of Iraq's expenditures are without production
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Economy News-Baghdad
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Added 11/06/2022 - 9:35 AM
Update 11/06/2022 - 2:27 PM
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Economy News-Baghdad
The head of the Iraq Future Foundation, Manar Al-Obaidi, confirmed on Sunday that the majority of the Iraqi state's expenditures go to non-productive sectors.
Al-Obeidi told "Economy News" that "the Iraqi state's expenses for the year 2022 were distributed among 42% salaries, 24% social care, 10% grants and subsidies, and 14% debt service."
He added, "90% of the total expenditures of the Iraqi state are without any productivity and without any real current or future return for Iraq."
He pointed out that "90% of all expenditures mean that the Iraqi state is just a money changer who receives oil money and returns to distribute it unfairly among the Iraqi people."
45 . views
Added 11/06/2022 - 9:35 AM
Update 11/06/2022 - 2:27 PM
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