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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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    Work: government departments can no longer absorb the number of unemployed

    rocky
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    Work: government departments can no longer absorb the number of unemployed Empty Work: government departments can no longer absorb the number of unemployed

    Post by rocky Fri 02 Dec 2022, 5:39 am

    Work: government departments can no longer absorb the number of unemployed

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    Economy News - Baghdad
    On Friday, the Ministry of Labor and Social Affairs announced proposals to amend the law to support small projects and increase the loan ceiling.
    The Director General of the Department of Retirement and Social Security in the Ministry, Raed Jabbar Bahidh, said, "The Lending Fund in the Ministry of Labor and Social Affairs was established in 2012, with a capital of 266 billion dinars," noting that "the fund has not been strengthened with additional funds since 2012, and is currently approved." Only on refunds to previous borrowers and gives loans to new people."
    Bahedh added, "The proposal that was added by the Council of Ministers in the Small Projects Support Law was previously 20 million, and it does not achieve a real project," pointing out that "the Council of Ministers decided to increase the loan ceiling to 100 million, on the condition that 10 people work in the project to reduce interest rates." The unemployment".
    He pointed out that "the department currently relies only on refunds from borrowers, as sums are collected every 7 months to launch a new batch of loans," explaining that "among the proposals is to increase the loan ceiling and amend the previous law to enhance the fund's capital in the ministry to increase the amount and establish projects." A real small for the unemployed youth.
    Bahedh continued, in his speech to the official news agency, that "government departments can no longer absorb the numbers of the unemployed," noting that "the education sector leaves about 800,000 people annually, all of whom are looking for work," pointing out that "the labor market in the private sector is larger and wider to absorb numbers of unemployed.
     



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    Added 12/02/2022 - 12:49 PM
    Updated 12/02/2022 - 2:36 PM
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