AN ECONOMIST: THE SLOGAN FOR THE NEXT PHASE SHOULD AIM TO REVITALIZE THE PRIVATE SECTOR
Economic expert Dirgham Muhammad Ali affirmed that the government salary crisis, which is driving operational spending to record levels, is a top priority for the incoming government.
(Mnt Goat: Yes, Iraq desperately needs to move this expenditure to the private sector. They have been talking about this for over 20 years and so why are they still on a socialized welfare system? There is only one answer to this question and that is they are not taking calculated risks and already missed one of the most important moves in 2012-2013, the reinstatement of the dinar. They are now paying the price of missing this move over and over again. But this keeps the corruption moving to Iran while Iraq suffers.)
In a statement to the Iraqi National News Agency ( NINA ), he said, “Economic reform of the current situation begins with supporting the private sector to expand and become the foundation of the labor market, making it more attractive than government jobs.”
He explained that “credit packages and legal and logistical facilitations await the private sector according to the program launched by the incoming government, which must be fundamental and focus on creating a private sector that leads the labor market and reduces state operational spending.” He pointed out that “current expenditures have begun to consume the budget, forcing the government to borrow to cover the spending deficit, which makes the shift towards the private sector a national necessity, not a luxury.”
He stressed that “current spending is the highest in the country’s history due to the increasing number of those receiving salaries and the contraction of development.”
Follow & Join Our Community
📌 BLOG: https://dinarevaluation.blogspot.com/
📌 TELEGRAM: https://t.me/DINAREVALUATION
📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social