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Neno's Place Established in 2006 as a Community of Reality


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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's treasury is exhausted by ill-considered appointments: Breaking captivity can be done with the

    Rocky
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    • Post n°1

    Iraq's treasury is exhausted by ill-considered appointments: Breaking captivity can be done with the Empty Iraq's treasury is exhausted by ill-considered appointments: Breaking captivity can be done with the

    Post by Rocky Fri 24 May 2024, 4:27 am

    Iraq's treasury is exhausted by ill-considered appointments: Breaking captivity can be done with these steps - Urgent
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    Baghdad today - Baghdad
    Financial and economic expert Mustafa Akram Hantoush warned today, Friday (May 24, 2024), that Iraq will remain captive to government appointments, which will lead to a significant increase in government expenditures within the budget.
    Hantoush told “Baghdad Today” that “there is a very large increase in the volume of government expenditures, and this rise in its entirety is about paying the salaries of state employees,” noting that “the recent appointments were made without any study and planning and that is why there was a large increase in expenditures that had a significant impact.” This is huge on the budget and increases its financial deficit.”
    Hantoush pointed out that "the Iraqi government must truly activate the private sector in various fields so that it is parallel to the government sector," warning that "Iraq will remain captive to appointments and increase the volume of spending continuously during the next stage."
    He stressed that "breaking families is through activating the private sector, providing various job opportunities in this sector, and ensuring the rights of workers in this sector, so that there is a large number of people resorting to it, like the government sector, by unemployed graduates and others."
    A member of the Parliamentary Legal Committee, Representative Salem Ibrahim Al-Anbuki, confirmed on Thursday (May 16, 2024) that Iraq has reached the peak of functional slackness, which threatens the government’s treasury, which depends 93% of its revenues on the sale of crude oil. 
    Al-Anbuki said in an interview with “Baghdad Today” that “appointment without prior planning that leads to investing capabilities in production has negative consequences on the performance of state institutions, which have reached the peak of flabbiness in light of large numbers exceeding the capacity to absorb them, accompanied by large differences in financial rights between one ministry and another.” Despite the equivalent experience, certification, years of service, and even specialization.”
    Al-Anbuki added, “Government appointments remaining without controls will help address the slackness occurring with the rise in the wage bill. This will put the state in a difficult position after years,” noting that “93% of state treasury revenues depend directly on the sale of crude oil, which faces price fluctuations in the country.” Last few years".
    He pointed out that "Iraq has promising development and economic prospects, including the path to development and the rest of the other projects, in addition to the possibility of opening up to reviving factories," explaining that "the annual import bill reaches 50 billion dollars from sectors for which alternatives can be provided in the country at the industrial, agricultural, and even "food".
    Al-Anbuki stressed, “All the economic reports on the appointments file raise concern, especially with the significant increase in the number of Iraqi employees compared to the size of its population,” stressing “the importance of reconsidering and for the state to put pressure towards reviving the private sector and providing greater job opportunities compared to government appointments.”
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