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The tripartite budget provides a network of projects to address unemployment
Economical 2023/06/21
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the mainstay of the emirate
The Ministry of Planning and Development Cooperation pointed out the role of the tripartite budget in absorbing unemployment through a network of projects that amount to 7 projects implemented in various regions of the country, while economists recommended the necessity of structuring the economic sectors to be more active and able to absorb the largest number of labor force, considering stimulating the labor market The most important portals for providing job opportunities for all those of working age, including skilled workers and others.
The media spokesman for the Ministry of Planning and Development Cooperation, Abd al-Zahra al-Hindawi, said in an interview with “Al-Sabah”: “The budget for the current year and the next two years will have a positive impact in reducing unemployment, as it ensures that projects will not stop, through the financing it will provide for many projects.” The movement of all joints of the labor market in Iraq and through the public and private sectors,” pointing out that “hundreds of government projects that are stalled and lagging behind will be completed.”
Rework it.”
He added, “There will be an abundance of job opportunities through 7,000 projects implemented and providing suitable job opportunities, and we are also talking about new projects mentioned in the budget, conditional on the approval of the Ministry of Planning to include such projects of great developmental and service importance, such as the Baghdad ring road and other projects that provide opportunities.” Great job.
On the private sector side, Al-Hindawi indicated that new investment horizons will be opened for it, in several sectors, especially in the housing sector, as the government program includes the implementation of new residential cities and residential neighborhoods, and this drives new work joints that, in turn, provide new job opportunities.
Economic expert d. Thaer Al-Ani saw that “serious solutions to reduce unemployment are to provide an appropriate climate for foreign and local investment, which increases real job opportunities that serve the process of employment and employment and is able to absorb a large part of the workforce and thus reduce unemployment rates and is accompanied by an increase in the volume of government spending, which is an important factor.” in stimulating the national economy.
He added, in an interview with "Al-Sabah", that "the increase in government expenditures works to increase investment and consumption and save money, and at the same time it works to absorb the unemployed in state projects or private projects."
And he indicated that “this approach is sufficient to create new job opportunities that contribute to withdrawing and employing the unemployed, especially young people, and among other measures is the restructuring of the labor market to accommodate the increase in the workforce, by training the workforce and adopting various programs concerned with training workers while providing the necessary services to enable them to work.” Get job opportunities under
new environment,
Al-Ani hinted that “one of the most important reasons for the high population growth rates and the increasing migration from rural areas to cities is the failure of the Iraqi economy to find job opportunities that are compatible with the supply represented by the increasing numbers of entrants to the labor market due to the limited production base and weak investments.”
In turn, the specialist in economic affairs, Dr. Ahmed Al-Rawi, that “tackling unemployment is represented in the necessity of structuring the economic sectors through a program that adopts, in its implementation, more flexible financial policies that help in revitalizing the productive sectors, achieving balance in the allocation of resources, and encouraging the agricultural sector, which is a vital sector for Iraqi society due to the wide job opportunities it provides.” ».
He added, "Work to activate the private sector so that it takes its role in the development process so that it can reinvest its migrant funds to create job opportunities capable of absorbing the labor force, given the ability of this sector to quickly achieve large and widespread investments in all governorates."
Dr. continued. Al-Rawi, “Giving priority in employment and work for the Iraqi workforce in foreign investments.”
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