[size=38]Ridiculous salaries besiege the Iraqi economy... When will reason triumph over obsession?[/size]
[You must be registered and logged in to see this image.]
May 25, 2024[You must be registered and logged in to see this link.]
Baghdad/Al-Masala Al-Hadath: Economic expert Nabil Al-Marsoumi revealed, on Saturday, shocking figures related to the size of salaries in the Iraqi budget for the year 2024, which constitute a large percentage of the country’s oil revenues, which represents a grave danger to the Iraqi economy.
Al-Marsoumi detailed the size of salaries as follows:
– Salaries of employees on fixed staff = 63.338 trillion Iraqi dinars.
– Civil retirement salaries = 7.868 trillion Iraqi dinars.
– Military retirement salaries = 6.566 trillion Iraqi dinars.
– Retirement bonuses for civilians and military personnel = 1.751 trillion Iraqi dinars.
– Social protection salaries = 6.217 trillion Iraqi dinars.
– Total salaries = 85.740 trillion Iraqi dinars.
These huge salary figures put great pressure on the state budget, as they consume a large portion of oil revenues, which are considered the main source of income in Iraq.
Economists believe that increasing salaries in such a large manner without any compensation for increasing production or diversifying sources of income represents an imminent danger to the Iraqi economy and threatens its sustainability in the long term.
Experts also warn that this significant increase in salaries may lead to a large budget deficit, increased inflationary pressures, and the erosion of the purchasing power of the Iraqi currency, which will negatively affect citizens’ livelihoods.
These experts call on the Iraqi government to reconsider its financial and economic policies, and the need to rationalize government spending, diversify sources of income, and encourage investment in productive sectors, in order to achieve real and sustainable economic growth.
[You must be registered and logged in to see this link.]
Today at 5:31 am by Rocky
» The Kurdistan Region Presidency sets next October 20 as the date for parliamentary elections
Today at 5:29 am by Rocky
» A high-level joint meeting to find a “tax mechanism” for petroleum products
Today at 5:28 am by Rocky
» Scientific American: Homeschooling Parents Need to Undergo Background Checks
Yesterday at 6:46 pm by Bama Diva
» Netanyahu: We are fighting on 7 fronts, including Iraq
Yesterday at 10:48 am by Rocky
» Al-Sudani : Imam Ali's lessons on righteousness, Social Justice, and Equality will guide the governm
Yesterday at 10:46 am by Rocky
» Iraq: Global indicators confirm oil prices to keep growing
Yesterday at 10:44 am by Rocky
» The Cabinet holds the 25th regular session, decisions included
Yesterday at 10:42 am by Rocky
» utube 6/25/24 MM&C Iraq Dinar - Iraq to Rejoin WTO - Cetral Bank Pressing Banks & Money Exhangers
Yesterday at 8:16 am by Rocky
» utube 6/23/24 MM&C Iraq Dinar- IQD Update -Iraq Reap Beneifits Artificial Inteligence-Global Econo
Yesterday at 8:15 am by Rocky
» utube 6/24/24 CBI Begins Second Phase of Reform RE Boom 120 °F and Rate Expectations
Yesterday at 8:15 am by Rocky
» Will health insurance cover all citizens and hospitals? Parliamentary Health answers
Yesterday at 8:13 am by Rocky
» Advanced technologies...Iraq's weapon to control the borders after removing the Iranian opposition a
Yesterday at 8:10 am by Rocky
» Legal: Ambassadors' offensive statements allow the host country to expel them
Yesterday at 8:06 am by Rocky
» Securities warn against trading digital currencies
Yesterday at 8:04 am by Rocky
» A representative points out 7 controversial points that stand before the legislation of the oil and
Yesterday at 8:02 am by Rocky
» A representative reveals the latest details of the proposed legislation of the Marsh Law
Yesterday at 8:00 am by Rocky
» An American convoy arrives at Ain al-Assad base, coming from Dhi Qar
Yesterday at 7:58 am by Rocky
» Kurdistan Regional Government: Failure to implement the Sinjar Agreement threatens international pea
Yesterday at 7:56 am by Rocky
» Basra Council: We are serious about activating the law on Basra, the economic capital of Iraq
Yesterday at 7:52 am by Rocky
» Minister of Interior: We are about to cross the threshold of issuing 39 million national cards
Yesterday at 7:47 am by Rocky
» Parliament Finance recommends that the Ministries of Finance and Planning release instructions for i
Yesterday at 7:45 am by Rocky
» Chinese May Be ‘Probing’ American Military Readiness Through Base Breaches, Lawmaker Says
Yesterday at 7:43 am by Bama Diva
» “There are many problems.” A parliamentary committee submits a request to the government regarding t
Yesterday at 6:17 am by Rocky
» Canadian oil replaces Iraqi crude on the American West Coast
Yesterday at 6:15 am by Rocky
» A new jump in dollar prices on the Baghdad Stock Exchange
Yesterday at 6:14 am by Rocky
» Health reveals the details of the second phase of health insurance: We have completed contracting pr
Yesterday at 6:13 am by Rocky
» A representative identifies the governorates most affected by water scarcity
Yesterday at 6:12 am by Rocky
» Parliamentary Committee: The amounts of money at the Ministry of Electricity are not commensurate wi
Yesterday at 6:11 am by Rocky
» An international report talks about the electricity crisis in 2024: 7 Arab countries, including Iraq
Yesterday at 6:10 am by Rocky
» A parliamentary committee recommends that the Ministries of Finance and Planning issue instructions
Yesterday at 6:09 am by Rocky
» What are the chances of independents in the upcoming Kurdistan region elections? - Urgent
Yesterday at 6:07 am by Rocky
» “The region’s reputation has been damaged.” A Kurdish acknowledgment of the impact of the absence of
Yesterday at 6:06 am by Rocky
» An expert expects economic growth in Iraq to decline during 2024
Yesterday at 6:04 am by Rocky
» Security expert: The American presence in Iraq will cast a shadow on the political and security scen
Yesterday at 6:02 am by Rocky
» Oil Minister: Iraq will stop importing gas after completing investment projects
Yesterday at 6:00 am by Rocky
» Minister of Electricity: There is a surge in loads and we are working to raise the level of energy p
Yesterday at 5:59 am by Rocky
» The head of the Integrity Commission announces a new strategy to combat corruption
Yesterday at 5:58 am by Rocky
» North Refineries reveals its plans and confirms the imminent addition of 6 refining units
Yesterday at 5:57 am by Rocky
» The Ministerial Council for the Economy approves the national lending strategy
Yesterday at 5:56 am by Rocky
» Justice directed the opening of a sixth registration division in the Real Estate Registration Direct
Yesterday at 5:55 am by Rocky
» Integrity arrests the head of the purchasing committee at the Babel Cement Factory on charges of har
Yesterday at 5:54 am by Rocky
» An American court accepts the appeal of pharmaceutical companies.. What is the relationship with Ira
Yesterday at 5:52 am by Rocky
» The Strategic Planning Committee is preparing to deliver its assessment of the work of ministers and
Yesterday at 5:51 am by Rocky
» Report: Hamas security teams in Baghdad to prepare procedures for the transfer of leaders from Qatar
Yesterday at 5:49 am by Rocky
» The first official comment from Hamas about “plans for moving to Iraq”
Yesterday at 5:48 am by Rocky
» The dollar continues to rise.. Learn about the exchange rates in Iraqi markets
Yesterday at 5:46 am by Rocky
» “The cheapest is $200,000.” Exaggerated prices for apartments in the complexes that ordinary citizen
Yesterday at 5:45 am by Rocky
» Labor launches (Al-Ghadeer Platform).. Find out its details
Yesterday at 5:41 am by Rocky
» Implementation of an arrest warrant against the director of a government bank in Anbar
Yesterday at 5:40 am by Rocky
» Parliamentary recommendation for Finance and Planning to launch instructions for implementing budget
Yesterday at 5:37 am by Rocky
» The Sudanese advisor details the Basra Haditha pipeline project: it has entered the preparation stag
Yesterday at 5:35 am by Rocky
» utube 6/22/24 MM&C IQD Update - Iraq Dinar - Investment Law - Implementation Tripartite Budget - Ra
Mon Jun 24, 2024 8:02 am by Rocky
» Central Bank: Explains the mechanism for imposing fines on private banks and money changers
Mon Jun 24, 2024 7:57 am by Rocky
» Wasted billions and continuous interruptions.. Calls for an investigation into the corruption of the
Mon Jun 24, 2024 7:54 am by Rocky
» Can the Iraqi government maintain neutrality after factional statements about readiness to participa
Mon Jun 24, 2024 7:53 am by Rocky
» Intensive US aircraft flights in the areas of the Iraqi-Syrian border strip
Mon Jun 24, 2024 7:51 am by Rocky
» An economist expects the dollar exchange rate to approach the 140,000 threshold
Mon Jun 24, 2024 7:49 am by Rocky
» The President of the Republic calls for amending laws related to investment
Mon Jun 24, 2024 7:46 am by Rocky
» More than $274 million...Central Bank sales today
Mon Jun 24, 2024 7:43 am by Rocky
» The fact that oil and gas production in Iraq was affected by the peak of the heat wave...an expert e
Mon Jun 24, 2024 7:41 am by Rocky
» The President of the Republic: The necessity of overco ming obstacles facing investors, as well as s
Mon Jun 24, 2024 7:37 am by Rocky
» The President of the Republic stresses the need to continue efforts to preserve public money and com
Mon Jun 24, 2024 7:35 am by Rocky
» The Central Bank publishes the mechanism for imposing fines on private banks
Mon Jun 24, 2024 7:33 am by Rocky
» Electricity: We are determined to provide “stable energy” to citizens
Mon Jun 24, 2024 6:21 am by Rocky
» An Emirati company is implementing the third solar energy project in Anbar
Mon Jun 24, 2024 6:20 am by Rocky
» Al-Sudani directs the payment of a reward for every research published in international journals
Mon Jun 24, 2024 6:19 am by Rocky
» Babylon.. The head of the procurement committee was arrested in a government laboratory
Mon Jun 24, 2024 6:18 am by Rocky
» Oil continues its losses as commodity markets are affected by the rise of the dollar
Mon Jun 24, 2024 6:15 am by Rocky
» The Ministry of Oil announces the completion of the reclamation of two oil wells in Salah al-Din
Mon Jun 24, 2024 6:14 am by Rocky
» The President of the Republic stresses the need to overcome obstacles facing investors and support I
Mon Jun 24, 2024 6:14 am by Rocky
» Health calls for maintaining food safety
Mon Jun 24, 2024 6:12 am by Rocky
» Securities warns against trading digital currencies
Mon Jun 24, 2024 6:11 am by Rocky
» Anbar adds two new sites to invest the sun in generating electricity
Mon Jun 24, 2024 6:10 am by Rocky
» Delaying the legislative elections puts the region into a tunnel of constitutional vacuum
Mon Jun 24, 2024 6:09 am by Rocky
» Calls to support the trend towards clean energy
Mon Jun 24, 2024 6:08 am by Rocky
» The 2024 budget is safe with government controls
Mon Jun 24, 2024 6:07 am by Rocky
» To end the European embargo, the Sudanese are directed to keep pace with developments and meet inter
Mon Jun 24, 2024 6:04 am by Rocky
» Parliamentary rights demand the Minister of Oil regarding the priorities of the Basra Pipeline - Had
Mon Jun 24, 2024 6:02 am by Rocky
» A deputy "shocked" by the 15-year-long looting of real estate in an Iraqi governorate
Mon Jun 24, 2024 6:01 am by Rocky
» The Poor People’s Association warns against removing violations: a legal violation, but humanity is
Mon Jun 24, 2024 6:00 am by Rocky
» Al-Sudani confirms the continuation of the five stages of the rehabilitation project for the histori
Mon Jun 24, 2024 5:58 am by Rocky
» A political movement to hold an extraordinary session to elect the new Speaker of Parliament - urgen
Mon Jun 24, 2024 5:56 am by Rocky
» Iraq forms an operations room to speed up the reverse transfer of pilgrims and increase flights
Mon Jun 24, 2024 5:55 am by Rocky
» Al-Sudani abolishes the position of head of the Council of Advisors in Kirkuk and reorganizes it
Mon Jun 24, 2024 5:54 am by Rocky
» Laundering corruption money raises Baghdad’s real estate... Questions about the source of purchasing
Mon Jun 24, 2024 5:52 am by Rocky
» The dollar rises again against the Iraqi dinar after declining for two consecutive days
Mon Jun 24, 2024 5:51 am by Rocky
» A leader in the Al-Halbousi Party: The defection of figures from Taqadum pushes the Sunni component
Mon Jun 24, 2024 5:49 am by Rocky
» China details its largest projects in the region “and extends a helping hand to Iraq”
Mon Jun 24, 2024 5:48 am by Rocky
» Al-Sudani: We have allocated approximately 5 trillion dinars to arm our various types of forces
Mon Jun 24, 2024 5:46 am by Rocky
» Air Defense: The new command operations center will control the entire Iraqi airspace
Mon Jun 24, 2024 5:44 am by Rocky
» State of Law: Two projects competing for the “Presidency of Parliament” led by Al-Sudani and Al-Mali
Mon Jun 24, 2024 5:43 am by Rocky
» The Kurdistan Union expects to resolve the issue of the local government in Kirkuk within ten days
Mon Jun 24, 2024 5:42 am by Rocky
» Establishment of the Commercial Arbitration Center in Iraq
Mon Jun 24, 2024 5:40 am by Rocky
» Encroachments on the Tigris River...a struggle between investment and environmental dangers
Mon Jun 24, 2024 5:39 am by Rocky
» The Ministry of Planning empties its employees for the purposes of the population census
Mon Jun 24, 2024 5:38 am by Rocky
» Details of the Sudanese meeting regarding Sadr City
Mon Jun 24, 2024 5:37 am by Rocky
» New statistics on the number of foreigners holding Iraqi citizenship
Mon Jun 24, 2024 5:35 am by Rocky
» Al-Sudani inaugurates the second phase of the Old Baghdad project
Mon Jun 24, 2024 5:33 am by Rocky