Saturday, December 14, 2024
Legal Center: Diversifying the National Economy Will Enhance Human Rights in Iraq, 15 DEC
Legal Center: Diversifying the National Economy Will Enhance Human Rights in Iraq
Baghdad /NINA/- The Strategic Center for Human Rights confirmed: "Diversifying the sources of the national economy instead of relying on the rentier economy, especially oil, contributes directly to enhancing human rights in Iraq at various levels, whether economic, social, cultural, civil or political."
The head of the center, Fadhel Al-Gharawi, said in a statement: "Based on World Bank reports, the per capita share of the gross domestic product decreased by 22.4% during the year 2023, reaching 7.6 million dinars compared to 9.8 million dinars in 2022. The World Bank attributed this decrease to the decline in the gross domestic product at current prices to 330 trillion dinars for the year 2023, compared to 415 trillion dinars for the year 2022."
He pointed out that "Iraq ranked 37th globally and sixth in the Arab world in terms of the number of workers in 2024, according to a report published by the "Global Economy" website.
The report showed that the workforce in Iraq reached 17.331 million people, while Egypt topped the Arab countries with 44.914 million workers, followed by Sudan, Algeria, Saudi Arabia and Morocco."
Al-Gharawi also referred to the report of the "Fitch" credit rating agency, which classified Iraq at the "B-" level with a stable future outlook. The agency expected the Iraqi budget deficit to widen to 8% of GDP in 2024, compared to 2% in 2023, with expectations of rising to an average of 12.4% during the period 2025-2026. It indicated that the Iraqi government debt is expected to rise to 47.7% of GDP by the end of 2024, and to 56.5% by 2026 as a result of increased borrowing.
He explained that "reliance on oil, as the sole source of the economy, poses great risks, especially with the fluctuations in global oil prices, and the global trend towards energy alternatives over the next ten years," stressing that "diversifying the sources of the Iraqi economy by supporting agriculture, tourism, industry, trade and investment will contribute to achieving significant resources for the state, increasing citizen income, and creating millions of job opportunities away from reliance on government employment.
The head of the center, Fadhel Al-Gharawi, said in a statement: "Based on World Bank reports, the per capita share of the gross domestic product decreased by 22.4% during the year 2023, reaching 7.6 million dinars compared to 9.8 million dinars in 2022. The World Bank attributed this decrease to the decline in the gross domestic product at current prices to 330 trillion dinars for the year 2023, compared to 415 trillion dinars for the year 2022."
He pointed out that "Iraq ranked 37th globally and sixth in the Arab world in terms of the number of workers in 2024, according to a report published by the "Global Economy" website.
The report showed that the workforce in Iraq reached 17.331 million people, while Egypt topped the Arab countries with 44.914 million workers, followed by Sudan, Algeria, Saudi Arabia and Morocco."
Al-Gharawi also referred to the report of the "Fitch" credit rating agency, which classified Iraq at the "B-" level with a stable future outlook. The agency expected the Iraqi budget deficit to widen to 8% of GDP in 2024, compared to 2% in 2023, with expectations of rising to an average of 12.4% during the period 2025-2026. It indicated that the Iraqi government debt is expected to rise to 47.7% of GDP by the end of 2024, and to 56.5% by 2026 as a result of increased borrowing.
He explained that "reliance on oil, as the sole source of the economy, poses great risks, especially with the fluctuations in global oil prices, and the global trend towards energy alternatives over the next ten years," stressing that "diversifying the sources of the Iraqi economy by supporting agriculture, tourism, industry, trade and investment will contribute to achieving significant resources for the state, increasing citizen income, and creating millions of job opportunities away from reliance on government employment.
This will be positively reflected in the state budget and the governorates, allowing the implementation of development projects that enhance citizens' rights in the areas of housing, services and job opportunities, in addition to increasing annual income and reducing inflation," calling for "making diversification of the sources of the national economy a strategic goal within the government's programs to improve the human rights situation in the country." / End
BROTHERS TECHNOLOGY: A COUPLE OF GURUS WERE CORRECT ABOUT THE LARGE SCREENS ACROSS IRAQ, 15 DEC
BROTHERS TECHNOLOGY
A couple of gurus were correct about the large screens across Iraq
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Direction to distribute the salaries of the months of October and November in one payment, 15 DEC
Direction to distribute the salaries of the months of October and November in one payment
A source from the Kurdistan Regional Government Council of Ministers reported on Friday that Finance Minister Awat Sheikh Janab expressed his ministry's readiness to distribute the salaries of the 10th and 11th months if Baghdad sends additional funds.
Voice of America radio quoted the source as saying, “Finance Minister Awat Sheikh Janab spoke during the meeting about the Iraqi government sending 761 billion dinars to distribute the salaries of the tenth month and also decided to send an additional amount of 430 billion dinars to cover the deficit,” indicating that “the minister confirmed in his speech that his ministry is ready to distribute the salaries of the tenth and eleventh months if Baghdad sends 761 billion dinars for the salaries of the eleventh month.”
FIREFLY: CBI TALKING ON TV ABOUT THE DOLLAR AUCTIONS AND THE DATE OF TOMORROW SUNDAY 15TH, 15 DEC
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:CBI on TV talking about the dollar auctions are bad but as of today the CBI has started new mechanism for money transfers...
FRANK: This is monetary reform education - boom - boom - boom - boom. With all the lies [out there], the whole team is coming out and telling you Iraqi citizens, relax.
FIREFLY: The salaries of October, November and December will be paid to the Kurds as soon as possible.
Then they talked about a 15-day period that started on November the 28th in which the dollar auctions will end. That put the date as this Sunday the 15th...
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