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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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    An economist points out the "negatives" of expanding the base of those covered by social protection

    Rocky
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    • Post n°1

    An economist points out the "negatives" of expanding the base of those covered by social protection Empty An economist points out the "negatives" of expanding the base of those covered by social protection

    Post by Rocky Fri 24 Feb 2023, 4:33 am

    An economist points out the "negatives" of expanding the base of those covered by social protection salaries

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    Economy News - Baghdad
    On Friday, economist Nabil Al-Marsoumi highlighted four "negatives" regarding expanding the base of those covered by social protection salaries to 2.5 million people.
    Al-Marsoumi wrote on his Facebook page, "The Ministry of Labor seeks to expand the base of those covered by social protection salaries from 1.5 million to 2.5 million people for the purpose of addressing the high poverty rate in Iraq, which amounts to 25% of the population."
    He added, "It is a policy that is humanly acceptable and effective, but it has some negatives, including: First, it indicates the absence of a real economic process in Iraq that produces goods and provides job opportunities. Second: Paying attention to the distributional aspect of oil revenues instead of investing them in developing and diversifying the Iraqi economy to provide opportunities." the job". 
    And he continued, "Third: Adding permanent burdens to a public budget funded mainly by unstable oil revenues that may later lead to the government not fulfilling its obligations towards those covered by social protection salaries if the oil price drops below $60 a barrel. Fourth: Encouraging Iraqis not to be interested in work." And relying on cash subsidies, knowing that not a small part does not deserve such subsidies, and the evidence for this is the Ministry of Labor's rejection of the applications of more than 900,000 people who are not eligible to obtain these subsidies.

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    Added 02/24/2023 - 12:44 PM
    Updated 2023/02/24 - 1:32 PM


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