Qasim Al-Sultani: Iraq does not suffer from a cash liquidity shortage.
Economic researcher Dr. Qasim Al-Sultani confirmed that there are no concerns about employee salaries in Iraq, noting that the Iraqi state has sufficient cash liquidity.
Al-Sultani said during his participation in the program "Iraqi Affairs", which airs on Al-Masra TV, that through our vision of the Iraqi economy since 2003 and the building of a democratic system in Iraq, we believe that there must be an economic system that suits the existing political system in the country. He added,
"However, unfortunately, our economic system can still be considered lame, because it is a rentier economy that relies on one source, which is oil." He stressed the need to exploit natural and non-natural resources to diversify the Iraqi economy.
Qasim Al-Sultani: The Iraqi economic system is lame.
Regarding civil servant salaries and concerns about their availability, Al-Sultani stressed that salaries are fully secured until the end of the year, despite the delay in approving the current year's budget.
He noted that the parliamentary finance committee expects the budget to be approved during April.
Al-Sultani pointed out that Iraqi governments after 2003 were unable to implement development projects, noting that the security situation that followed the regime change hindered their implementation. He also noted that the emergence of ISIS and the fight against terrorism also impacted the Iraqi economy, emphasizing that the government must now develop sound economic plans in all areas.
Qasim Al-Sultani: Employee salaries are secured until the end of this year.
Al-Sultani stressed the need to pay attention to the agricultural sector in the country, pointing out that the efforts of some political parties to provide funds to their supporters has made citizens refrain from cultivating their lands.
He stressed the need to use scientific methods to exploit agricultural lands in light of the scarcity of rain and water, stressing the need to develop sound agricultural development plans, stressing the need for the government to work on revitalizing the agricultural and animal husbandry sectors according to the existing capabilities through which the Iraqi economy can be strengthened through the agricultural sector.
Qasim Al-Sultani: The government must now develop sound economic plans.
Regarding the lack of liquidity in the country, Al-Sultani said that some people did not understand the matter, and that a misunderstanding occurred due to the United States’ talk about not transferring the Iraqi funds it has in the US Federal Bank to the federal government. He pointed out that this is not the case and that there are contexts for dealing between the Central Bank of Iraq and the US Federal Bank. He stressed that the necessary funds are available to Iraq, and that there is nothing official regarding stopping the transfer of Iraqi funds from the US Federal Bank, nor regarding preventing the flow of gas from Iran to Iraq. He stressed that there is no fear for Iraqi funds and that liquidity is available
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