Finance Minister: Iraq May Lay Off All Its Employees

[yota691]

Finance Minister: Iraq May Lay Off All Its Employees

Author: AhadNA1 On 12/24/2021 - 10:40 PM  407

Finance Minister Ali Allawi Launched An Explosive Statement Regarding Employees In Iraq.
Allawi Said In A Press Statement, Which Was Followed By "Al-Ahd News", That "After 10 Years, Oil Will Collapse Forever, And Iraq May Lay Off Its Employees."
The Minister Of Finance Warned Of A Very High Risk And Threat Level In The Medium-Term And Within 10 Years From Now, Due To Iraq's Continued Dependence On Oil, Which Constitutes More Than 90% Of State Revenues, Pointing To The Need To Take Harsh Reforms From Now On.

[yota691]

The Iraqi Finance Minister dismisses all employees in Iraq from work

in a: December 24, 2021In: Views 205 views

 

Finance Minister Ali Allawi launched a booby-trapped statement regarding workers in Iraq.
Allawi said in a press statement, followed by "Nano News", that "after 10 years, oil will collapse forever, and Iraq may dispense with its employees."
The Minister of Finance warned of the high level of risks and threats in the medium term and within 10 years from now, due to Iraq's continued dependence on oil, which constitutes more than 90% of state revenues, pointing out the need to take harsh measures from now on.

[rvmydinar]

3 hours ago, yota691 said:

"after 10 years, oil will collapse forever, and Iraq may dispense with its employees."
The Minister of Finance warned of the high level of risks and threats in the medium term and within 10 years from now, due to Iraq's continued dependence on oil, which constitutes more than 90% of state revenues

Wow.  Within 10 years from now? 2031? This is a scary part and i can't imagine what is going to happen to iraq's economy ( iraqi exchange rate ) if oil is gone ( no more oil dependence ) forever. I just really really hope and hope that iqd will rv before 2031. 

[horsesoldier]

WTF ???? I can’t be reading this right...10 years from now ( oil will [ might ] collapse) so let’s kick’em to the curb now ???

 

Outside of George Carlin, Lewis Black, Jeff Dunham & Muppet Coma Joe Brandon [ there are others too numerous to mention here ], no one cracks me up more than the “ Sand Baggers “

[HowieC]

I would go out on a limb and say sometimes they like to hear themselves talk !

[southbeach]

Talk about willful misinformation propaganda by some of these guys

[dinarbeleiver]

Look around you Iraq everything around us has an oil based substance in it. The world worships oil - we will always want and need oil 

[southbeach]

Exactly.  OPEC and I wish they would stop lying

[Fitxvz]

many countries signed climate change agreement.. at 2030 they target consumption hydrocarbon less 30%.. more years more less 

 

that's why Iraq must reform as soon as possible.. because Iraq also signed it

 

if we think deeper.. the value of dinar will be rocketing high.. to start develop infrastructure  and investment program

 

 

[yota691]

Mirza: The Finance Minister's statements are inaccurate, and he should propose solutions, not problems

•  Time: 12/26/2021 13:42:26
•  
•  Reading: 546 times

  

{Economic: Al Furat News} A member of the former Finance Committee, Sherwan Mirza, criticized the statements of Finance Minister Ali Allawi, regarding the future of the oil industry and a possible layoff of employees in Iraq.

Mirza told {Euphrates News}, "It is true that the world is heading towards clean energy, but in the near future and at least 20 years, oil cannot be dispensed with as a main source of energy, so Allawi's statements are inaccurate."
He added, "At the very least, if oil prices drop, it cannot be dispensed with, and the government's responsibility in all its ministries is to provide opportunities and find solutions for citizens."
Mirza pointed out that "the Minister of Finance has a sovereign position in the government, and rather he should propose solutions instead of problems."
And Finance Minister Ali Allawi, last Friday, made a dangerous statement in which he warned against Iraq laying off its employees within ten years, and said, "There is a danger and a very high level of threat in the medium-term and within 10 years from now, due to Iraq's continued dependence on oil, which constitutes more of 90% of state revenue.
He stressed "the need to take harsh reforms from now on," noting that "Iraq may lay off its employees after 10 years."

Raghad Daham

[yota691]

An economist explains the “worrying” statement of the Minister of Finance regarding the layoffs

 

 

1,567 Economy 2021/12/26 09:33 Baghdad today -

Baghdad Today, Sunday, the economic expert, Basem Antoine, explained the worrying statement of the Minister of Finance, Ali Abdel Amir Allawi, regarding the layoffs of employees after 10 years. Antoine said in an interview that I followed (Baghdad Today), "The statement of the Minister of Finance regarding the layoffs of employees after 10 years, was interpreted in another way. And it is very difficult to bear the large and operational salaries that exceed 75 percent of the budget.” He added, "The goal is to move towards a market economy, reduce the burdens of the state and reduce exaggerated job grades for political or electoral purposes or anything else," noting that "the white paper (launched by the government) did not include employment, but rather emphasized the orientation Towards the private sector and its development, creating job opportunities and a rewarding retirement law. The Minister of Finance, Ali Allawi, said yesterday, Friday, that the threat level is very high in the medium-term, as pension obligations within 5 years will rise to 25 trillion dinars annually and now it is 19 trillion dinars, and that within 10 years the oil market will collapse and sales will decline, therefore, it will not At that time, Iraq will have to lay off employees, and this option will have major political problems behind it.

[yota691]

An advisor to Al-Kazemi responds to the Minister of Finance: The government job is sacred and a guarantee for the livelihood of half the people

•  Time: 12/26/2021 14:17:05
•  
•  Reading: 611 times

  

{Economic: Al Furat News} An adviser to the Prime Minister, Mustafa Al-Kazemi, responded to the statements of Finance Minister Ali Allawi about the future of the government job in Iraq and the possibility of laying off employees due to the continued dependence on oil.

Mazhar Muhammad Salih said in a press statement: "The government job is sacred in Iraq, and the state is responsible for its protection and survival, as it is a guarantee of the livelihood of more than half of the country's population."
And he indicated, "The speech of the Minister of Finance is sensitive to the future and does not mean that there are repercussions on the present, as he is talking about a long-term contract, and no one knows what will happen at the time."
Salih stressed, "The public office is sacred in Iraq and its maintenance is an important matter, as the job class today is responsible and guarantees the livelihood of more than half of the population of Iraq, especially since each employee is responsible for providing for 4 to 5 individuals," calling for "no confusion and fear of this matter, Especially since the state's policies are firm towards protecting employees and the public job."
He continued, "The number of employees in the public sector exceeds 4 million, which constitutes 40 to 50 percent of the country's public forces, and therefore its weight and preservation is important, especially since it is a technocratic class that includes many professionals, intellectuals and the mainstay of the Iraqi state."
And Finance Minister Ali Allawi, last Friday, made a dangerous statement in which he warned against Iraq laying off its employees within ten years, and said, "There is a danger and a very high level of threat in the medium-term and within 10 years from now, due to Iraq's continued dependence on oil, which constitutes more of 90% of state revenue.
He stressed "the need to take harsh reforms from now on," noting that "Iraq may lay off its employees after 10 years."

Raghad Daham

[yota691]

Statements By The Minister Of Finance And The Plot To Loot Iraq

Author: AhadNA3 On 12/26/2021 - 3:28 PM  78

Haitham Khazali

Today, The Minister Of Finance Of Iraq, Mr. Allawi, Made Strange And Suspicious Statements At The Same Time. He Talked About The Possibility That The Iraqi Government Will Lay Off Thousands Of Employees During The Next Ten Years.

He Talked About The Fact That The Iraqi Economy Is Rentier Dependent On Oil, And That There Are Structural Imbalances In The Iraqi Economy, And That The Demand For Oil Will Decrease Globally During This Period. The Truth Is That Behind The Blind Is What Is Behind It.

 The Decline In Demand For Oil In The Next 25 Years, Although It Is A Popular Saying, But Its Justifications Are Inaccurate. The Transition To Clean Energy Is Still Slow And A Few Countries In The World Have Actually Started Relying On It. It Is Also Recognized That 90% Of Oil Consumption Is For Fuel, And The World Has Begun To Expand The Electric Car Industry.

However, The Current Energy Crisis Has Proven That The Alternatives To Oil Are Insufficient To Meet The World's Need Of It, Just As Electric Cars, Even Though They Depend On Electricity As Fuel, Still Generate Electricity On Oil And Gas. And If We Accept What Mr. Minister Mentioned, Is It Not The First In Iraq To Activate Its Other Resources Instead Of Laying Off Employees?

For Example, 1- The Construction Of The Al-Faw Port Will Bring Iraq Imports Estimated At 400 Billion Dollars, The Jebel Ali Port Will Enter The UAE 300 Billion Annually, And Oil Does Not Constitute The UAE’s Budget Except 34%, And With The Construction And Operation Of The Faw Port It Can Contribute 80% Of Iraq’s Budget, Oil And Other Resources 20% From The Iraq Budget.

1- It Is Possible To Activate The Religious And Archaeological Tourism Sector In Iraq With The Construction Of Tourist Facilities, As It Is Possible To Generate Profits For Iraq The Size Of Oil Profits.

3- Iraq Possesses, In Addition To Oil, Huge Reserves Of Gas, Rising Wealth In The Future, And It Is Possible To Export To Europe Through The Lands Of Syria And The Mediterranean.

 4- Activating The Agricultural Sector And Solving The Water Problem By Opening The Najaf Canal From Al-Faw To The Najaf Sea And Installing Water Desalination Plants On It.

 5- Engaging With The Silk Road And Building The Infrastructure That Makes Iraq Attractive To Investments, Even Though The Silk Project Itself Ensures Leaps In The Iraqi Economy.

 However, The Statements Of The Minister Of Finance, Who Previously Worked At The International Monetary Fund, And Implemented All IMF Programs To Impoverish Iraq, Starting From Raising The Exchange Rate Of The Dollar, To Flooding Iraq With Debts, Came To Pave The Way For What Was Agreed Upon Between Al-Kazemi And The United States In The Paper Presented By The American Chamber Of Commerce , And The Iraqi-American Businessmen Council, Which Included The Four Axes:

  1- Investment In Gas And Associated Gas 2- Privatizing The Health Sector 3- Privatizing The Iraqi Financial Sector With The Entry Of European And American Investors. 4- Establishment Of Free Industrial Zones In Kirkuk And Basra. As We Know That The United States, As The Late Haikal Says, Is A (Large Company), And That Its Goal Is To Transform The World Into An Open Market Controlled By Transcontinental American Companies, And That The Mission Of The American Government And The American Army Is To Serve The Interests Of These Companies. The Statements Of Our Future Minister Of Finance Are A Prelude To The Start Of Privatizing The Iraqi Economy And The Wealth Of Iraq And Their Acquisition By American Companies, And Transforming All Iraqis Into Working Workers With These Companies While They Own Their Wealth. And You All Remember The Paragraph On (Selling State Assets) That Al-Kazemi Proposed In The 2021 Budget And Was Rejected In Parliament.

And God Forbid, Perhaps This Paragraph Will Pass In The Next Parliament And The Next Government, And Iraq’s Oil Wells, Fields, Pipelines, Ports, Facilities And Reserves Will Be Sold To The Private Sector, And Here Comes (The Role Of The Iraqi-American Businessmen Council) So That The Iraqi Will Be The Owner Apparently In Favor Of The American Investor, The Real Owner. Allocating All These Sectors Requires Laying Off Millions Of Employees, As Happened In Yugoslavia (Refer To Our Article Al-Kazemi And The Scenario Of The Former Yugoslavia To Divide Iraq), And The Ten Years That Our Finance Minister Talked About Is The Timetable Needed To Implement This Scheme.

[yota691]

The Minister's Statements Are Exciting And Desperate

 

LAST UPDATE 12/26/2021 | 3:34 PM

Books / Qassem Al-Gharawi ||

Finance Minister Ali Abdul-Amir Allawi, who insisted on the reform paper embodied in the white paper to advance the economic, banking and financial reality and what this study contained of the increase in the dollar exchange in exchange for the decline in the price of the Iraqi dinar and its impact on the life of the citizen, today we are told by miserable and exciting statements about the possibility of laying off all Iraqi state employees 10 years later.

With his statement, he confirms the failure of his plan, which is supposed to last five years and reflect positively on the future of the Iraqi economy, the stability of the currency, and the success of financial plans for Iraq to recover, get rid of crises, and revive its economy according to what was planned. Despite its bad decisions to raise the exchange rate of the dollar, which raised all prices, and increased the rates of poverty and unemployment.

Mr. Abdul-Amir Allawi, Minister of Finance, who promised us good, prosperity, crisis resolution, and the recovery of the Iraqi economy in his white paper officially announces the failure of his white paper project, which means the failure of his economic project despite the availability of financial liquidity due to the increase in oil prices and the payment of Kuwait’s debts, and he was the first to propose an alternative project for oil revenues To find an alternative economy to supplement the budget in the future as long as it believes that countries will abandon the source of energy and turn to other sources.

Did the Iraqi Minister of Finance present a paper on his future vision for the fate of energy and the economy in Iraq, or was his talk just expectations away from the research methods presented in closed elite scientific conferences?

The minister should not speak like this because his life in the government has ended and all members of his government are under the principle of conducting business only, and he will not be present after ten years until he expects to lay off the employees.

One of the primary responsibilities of the caretaker government is to send messages of reassurance away from the citizen’s fears and spread hope.. through its discourse, and for future governments to work on finding well-thought-out projects and programs that will benefit Iraq’s budget on the one hand and absorb the labor force on the other hand, and not spread terror and confusion within opinion. General as did the caretaker government finance minister.

[yota691]

The government hits the statement of the Minister of Finance with the judge: This is how we will deal with state employees

 

1,916 Policy 2021/12/26 22:50 ak Baghdad Today -

Special Today, Sunday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, considered that the government job is sacred in Iraq, and the state is responsible for its protection and survival, as it is a guarantee of the livelihood of the people of the country. Saleh told (Baghdad Today) that "no employee can be laid off in Iraq, and we differ from the European labor market, and therefore the process of terminating the employee's service is in accordance with the laws, and that the job is part of Iraq's sovereignty that cannot be touched," explaining that "Finance Minister Ali Allawi spoke frankly Like the world's finance ministers, about the economic future, but job protection is part of the country's basics." And Salih stated that "there is an over-recruitment process in Iraq in many cases, but the matter today has become a reality, and therefore the employee is a red line whose job cannot be compromised, but Allawi was sensitive to the future and does not mean that there are repercussions on the present because he is talking about a long-term contract and no one knows what." It will take place in ten years." Saleh stressed that "the number of employees, which is four million, each of them supports his family, which is estimated from 4 to 5 people, and this means that they help twenty million citizens. Most of the Iraqi people are from these groups and they are the reason for their families' livelihood, so it is not possible to touch them here or talk about their demobilization." Saleh called for "not to be afraid about the survival of the future of more than 4 million government employees, 3 million retirees, and a million and a half social care workers." 90% of state revenue. And Finance Minister Ali Allawi had previously spoken of economic difficulties represented in dispensing with oil or declining demand for it globally at a time when Iraq is living on imports of this product, which may cause reduced demand for it and the lack of funds to lay off employees, while his statement received parliamentary and economic reactions.

[yota691]

Al-Jubouri: The Finance Minister’s statements are future fears, and 8 million Iraqi families receive salaries

•  Time: 12/26/2021 23:12:07
•  
•  Reading: 3,198 times

  

{Economic: Al Furat News} The head of the former Parliamentary Finance Committee, Haitham al-Jubouri, described the statements of Finance Minister Ali Allawi, regarding the future of the oil industry and a possible layoff of employees in Iraq, as "future concerns."

 

Al-Jubouri said; The program {State Dialogue} broadcast by Al-Furat satellite channel this evening, that: “Sometimes when a person declares the level of the Minister of Finance in the issue of numbers and fear of the future in terms of economic and financial terms, he is subjected to a great criticism regarding fear of the future of the economy.”
He added, "We have two issues in the budget, revenues and expenditures. When expenditures expand in an uncontrolled manner, and revenues shrink in a way that they are unable to intervene, there is definitely a big problem that occurs after years."
Al-Jubouri explained, "The Minister of Finance's identification of the economic problem after 10 years is due to the population expansion, and the number is expected to reach between 55-60 million people. We expect that with the expansion of expenditures, Iraq's need may reach 200 trillion dinars annually at least," he added.
And he continued, "Iraq needs 4 billion dollars per month to pay salaries, and oil revenues were not enough to pay salaries during the Corona crisis, and we have oil revenues and billions of tons of minerals that were not invested as well as non-oil revenues, including fees and services, and because of our dependence on employees without using electronic automation, we reached current situation".
Al-Jubouri added, “Electricity is supposed to be collected annually, 15 trillion dinars, which is collected only 2% and 90% of the annual customs revenues are not achieved.
It is supposed to activate the collection and customs systems {automation} and invest minerals, restore life to the Iraqi industry and encourage investments, and the capital can be rotated inside Iraq instead of outside.
He pointed out that "the intersection of powers is one of the most important problems obstructing investment, and in all countries of the world there is one king, and in Iraq approximately 500 kings, and the relationship between the provincial investment commission and the national commission is intersecting," stressing "the need to start real steps for reform in the industrial, agricultural and tourism files."
Al-Jubouri stressed, "95% of the white paper is executive and the authority of the government and does not need legislation, and dealing with paper, construction and the intersection of powers will not solve the economic crisis in Iraq even after 10 years, and we have called on the federal government to set timelines for implementing the ideas of this paper."
He went on, "We have 8 million families receiving salaries in Iraq, and we demanded the protection of food security in exchange for an increase in the exchange rate. Changing the exchange rate was supposed to support the local product, and as a state, 129 trillion dinars is the size of the expected expenditures and the money that is achieved from the increase in oil prices to bridge the financial deficit."
Al-Jubouri concluded, “The government had two options for the permanence of salaries, either deducting them or raising the exchange rate,” returning to changing the exchange rate, “a solution to the weak and those who do not have a trick, and some decisions were in the interest of the parties, not the state.”
He noted that "the salaries of the three presidencies and representatives have been reduced to 50% in the 2019 budget law, and the salaries of the three presidents have become only 23 million dinars for each president," revealing that "all the trips of the Speaker of the House of Representatives, Muhammad al-Halbousi, are paid from his own pocket."
Al-Jubouri concluded, “The investment budget has a great shortage, and the Parliamentary Finance Committee added the money of the lecturers, contracts and procedures in the 2021 budget, which amounts to 875 billion dinars.” 

[yota691]

 

The exciting statements of the Minister of Finance reveal the hidden and explode the ire of the Iraqis

 

 2021-12-27 05:03

 

Shafaq News/ The statements made by the Iraqi Finance Minister Ali Abdul Amir Allawi, during which he revealed expectations about what will face the local economy in the coming years due to Iraq's total dependence on oil and the world's trend towards clean energy, provoked many negative and critical reactions to what happened to it because of The policies of the current and previous Iraqi governments.

 

The Minister of Finance had stated during the Ministerial Forum on Future Energy Outlook, that the Iraqi financial structure is rigid and in the event of a collapse in revenues, it will result in the layoff of large numbers of employees or the accumulation of arrears, and thus will lead to pressures on the state, indicating that the pension obligations will be during the next five years to 25 trillion dinars.

 

Unsuccessful political statements

 

Economic expert Hilal al-Tahan told Shafaq News, "The Minister of Finance was not successful in his statements about the Iraqi economy," noting that "Iraq has been one of the rentier countries since the seventies of the last century, especially since the nationalization of oil in 1972."

 

Elhan adds, "What the Minister of Finance said did not bring anything new, as Iraq depends on oil revenues by more than 90 percent, and non-oil revenues are between 7 to 10 percent, and state employees do not constitute large numbers as the number of state employees They are two million and 900 thousand employees, and 6 newborns have been laid off from the employees in the absence of appointments and retirement under the Compulsory Retirement Law.

 

Al-Tahhan believes that "Iraq does not reach the stage of bankruptcy, as the Minister of Finance says, as a result of the presence of employees, since in the absence of appointments and in light of the high oil prices, which is sold at more than 70 dollars, it is considered one of the normal issues in any oil economy," pointing out that "Experts confirm that oil will not run out in ten years, just as Iraq has the largest reserves in the world, the second after Saudi Arabia."

 

Al-Tahhan pointed out that “the warnings made by the Minister of Finance are more political than economic, and the employees cannot be blamed for the deterioration of the economy,” stressing that “activating the agricultural, industrial and tourism sectors, operating thousands of stalled factories, and operating electric power are solutions to any economic crisis that can be achieved.” transition".

 

 

 

It didn't come up with anything new

 

The Minister of Finance did not bring anything new, which is what the economist Durgham Muhammad Ali also spoke to Shafak News Agency, considering that "the defect has been diagnosed for more than ten years, which is the sufficiency of oil revenue linked to the global market and the lack of local development generates a flabby government labor market that drains revenues, And unproductive classes that get salaries like Rafha, the aliens, and others covered by transitional justice laws and former officials.”

 

He points out that "putting problems without strongly advocating for the development of the tourism and investment sectors, removing the hand of politics from them, accelerating the implementation of the Faw port and the dry canal, developing regulated irrigation techniques, and supporting the industry with development loans, is like reminding a patient of his illness without dispensing medication. He always mentions the problem and does not offer realistic solutions.

 

Uncomfortable statements

 

Writer and thinker Ghaleb Al-Shabandar says in a tweet to him on social media, that "the statement of the Minister of Finance does not indicate political statesmanship," describing his statements as "unfortunate," noting that "the best treatment for the situation of Iraq currently is to develop the port of Faw as soon as possible and link it to the Silk Road. ".

 

Shabandar called on the people to "pressure the government to develop and complete the Al-Faw port, because it has become the life of citizens in the future."

 

Statements that overlooked “astronomical” salaries

 

Government employee Hamed Abdel Hamid told Shafaq News Agency, "The reforms proposed by the Iraqi government, which were adopted by the Minister of Finance, with what is known as the White Paper, were ink on paper, and only negative matters were known from them by raising the dollar exchange rate and canceling job opportunities," noting that "the government and since For more than a whole year, we have not seen any repair or opening of any factory or factory.

 

Abdul Hamid adds that "any crisis that the government faces is directly blaming the employee and the simple citizen and seeks to fight the employee by reducing salaries and raising subsidies, ignoring the rampant corruption in the state."

 

For his part, the government employee, Iyad Hamid, told Shafak News Agency, "The Minister of Finance warned of real things that could happen in the future, especially if we knew that Iraq is a rentier country," adding at the same time that "the wrong policies over the past years by governments She is the one who led Iraq to this matter from the boss."

 

Hamid believes that "the Minister of Finance overlooked the astronomical salaries received by officials, ministers, and special grades, and was satisfied with waving and warning the salary of a simple employee who hardly makes a living," calling on the Minister of Finance "to reduce his salary and his peers as a beginning of good faith to correct the course of the Iraqi economy first, and then say what he says." about the Iraqi economy.

[yota691]

The statements of the Minister of Finance under the microscope of experts

Tuesday 28 December 2021 113

 

 Baghdad: Hussein Thagheb - Farah Al-Khafaf 

Economic opinions unanimously agreed on the need to work towards achieving economic reform that addresses the mistakes of the previous stage, which was not able to achieve a plurality of resources despite the availability of the ingredients for success in terms of wealth and human resources. The government’s performance led to such statements, and the time is right to adopt solutions and work to create the appropriate atmosphere to attract investments that own capital and advanced technologies to revive the national economy and move it to a better stage, at a time that requires moving away from statements that create panic among the people. 

The financial expert Thamer Al-Azzawi told Al-Sabah: “The Finance Minister’s expectations of a financial crisis after ten years or more are sound and unsound at the same time. They are sound if Iraq remains dependent on oil imports only without exiting from the unilateral economy, amid probabilities The demand for it will decrease in the future, and it is unrealistic if a real reform plan is pursued.”

 

financial reserve

He added, {As for the layoffs of thousands of employees, this is difficult to verify, as any crisis cannot suddenly occur to a country like Iraq, which has a good financial reserve, so the closest expectation is that in the coming years, appointments will be suspended or legalized more extensively than previous years, and thus The number of employees begins to decline with the referral of large numbers of them to retirement, for which less money is spent.”

Al-Azzawi added: {The warning of the Minister of Finance is smart, as it targeted the most important segment in economic terms, especially since the salaries of employees provide the largest cash block to the Iraqi market, and by laying off thousands or decreasing the mass, the recession will be overwhelming, so the minister wanted to deliver a message It must be heard and read, that the risks should not be underestimated, and the white paper or any available reforms must be implemented.”

 

attract investment

Economic affairs specialist Haider Al-Baghdadi stressed that {the statements of the Minister of Finance can be considered a wake-up call to work towards achieving a plurality of materials and concerted efforts by everyone to create a work environment that attracts investments.} 

And he indicated that {the numbers of employees in Iraq are high and exceed global rates by several times according to the challenges, and that laying off employees requires the existence of a database with their numbers, and this is the task of the Federal Service Council}, pointing out {the need to stand at the real numbers of multi-salaries, and are there really aliens in government departments? }.

 

steps to get up

He pointed out that {any thinking in this direction requires creating real opportunities for the number of employees, and in the absence of job opportunities, the results will complicate the reality of the country and there will be socio-economic problems}, pointing out that {the reality of the country indicates the possibility of working towards a plurality of resources, and this is possible. In light of the existence of the ingredients for the success of the steps of economic advancement, for which the private sector must be the decisive factor during the mentioned period.”

He stressed the "necessity to create the appropriate atmosphere to move the labor market to meet previous mistakes and work towards achieving a plurality of resources."

 

country problems

In addition, the economic affairs specialist, Raji Naseer, said, during a discussion on an electronic platform that Al-Sabah followed, that the statements of the Minister of Finance, Dr. Ali Allawi regarding the possibility of laying off all Iraqi state employees after 10 years..you need to reconsider why?, because it is announcing the failure of government performance, at a time when the white paper came to solve the country’s economic problems, and let’s overcome such challenges, and the government’s primary responsibilities are to calm the citizen’s fears Spreading hope, through projects and programs 

thoughtful}.

 

spread terror

He pointed to the importance of staying away from spreading terror and turmoil within public opinion, due to the many political, economic, security, social and other problems, and that the Minister of Finance must distinguish between speaking and presenting research in closed, elite scientific conferences, in which some present their opinions on various issues. It may be accepted, or it may be rejected, and refuted by others, and between addressing a public opinion, one-third of it is below the poverty line, according to the statistics of the Ministry of Planning.”

He pointed out that “certainly, if everything that is presented in research conferences was presented to people, humanity would have panicked and terrified, and I think that he wanted to prepare public opinion to impose new taxes, which are legitimate from the beginning, because he urgently seeks to implement the British tax model in Iraq, although the Economists know that this is not possible in Iraq 

practically}.

 

pessimistic look

Consultant in energy economics d. Falah Al-Amiri said: {I think what the Minister of Finance meant is that the reality of the Iraqi economy, its financial situation and its future is unstable, and he gave a pessimistic and warning view to the next government, and that the situation remains dependent on oil revenues only and the hijacking of the annual budget by operating expenses, especially employee salaries and debts will lead To seriously think about reforming the economic situation and activating the labor market, as it is supposed to stop relying on oil only gradually, in order to transform oil from a curse into a blessing.”

Al-Amiri affirmed that {the Minister of Finance intended the inevitability of moving towards a multi-economy and stopping dependence on the oil sector exclusively, due to fluctuations in prices and the unknown future, and here it is necessary to make radical changes in financial management, successful management of the economy, diverting eyes to the private sector, and restructuring the sector. The public sector, increasing the efficiency of the economy, production and services, as well as changing the fiscal and monetary policy and separating them, activating the activities of the private sector and making it more sober for the purpose of activating its role in restructuring the Iraqi economy and making its growth green and environmentally friendly.

 

oil age

Energy expert Hamza Al-Jawahiri said: “More than 120 years ago, energy experts said that the era of coal was over, and at that time the era of oil had begun, but to this day we find that coal is ranked second after oil in the energy ladder, as oil is still the first With a contribution of 34%, followed by coal, with 27% of the world's fossil energy, followed by gas, which contributes about 10% so far.

He pointed out that “other fuels are almost negligible in the contribution to energy production globally, so the total amount produced by energy alternatives, which is called clean energy, its contribution so far does not exceed 5%, although the world has started developing clean energy production technology more than once.” From half a century ago, some of them are more than a century old, and trillions of dollars have been spent on them.”

 

Fossil fuels

Al-Jawahiri indicated that "the level of development of technology that produces fossil fuels is very advanced. For example, modern refineries that are built according to the Euro 6 standard are almost completely devoid of gaseous emissions that are harmful to the environment." This technology is cheap compared to the technology that produces clean energy production plants, and the number of inventions in this field is immeasurably greater than inventions related to clean energy, and the number of countries that cannot purchase energy production technology is more than 200 countries, as almost all of Africa that It is estimated in more than half of Asia and all the countries of Latin America, which constitutes about 90% of the land area. Not all of these countries can buy the technology to produce clean energy, and of course they cannot produce this energy.”

 

diversified economy

He stressed {it is difficult for Iraq to be able within eight years to rise to the level of a diversified economy as in technologically advanced countries, and if Iraq with all its capabilities could not get out of this situation, how much would it need to produce technology for the production of clean energy production equipment? Of course, the answer is a very long time,” noting that “the fact far from mind is that the West has spent trillions of dollars on developing clean energy production technology, and it is not easy to let it go to waste and remain captive to Iraq and the countries that produce fossil fuels.”

Al-Jawahiri added that {the Indian Minister of Energy said it clearly to the last energy conference, and that what you are talking about is a kind of luxury that we cannot possess, and so all poor countries cannot convert to what is called renewable energy because the gap is wide between the two worlds}, just as the production of energy, cars and all means of transportation Except for trains, they need lithium batteries, and the question again is where will they find mines that produce lithium, the primary metal for their manufacture, that is sufficient to produce electric batteries? Of course, they do not find it easily because currently there are only a few small mines to produce this rare metal like cadmium, and other minerals that are classified by the periodic table as rare elements found in nature.

 

financial crises

As for the economic expert, Raed Al-Amiri, he supported what the Minister of Finance had said about the possibility of layoffs for employees, but he disagreed with him about how this would happen, saying: “The possibility of financial crises during the coming years is an existing and likely issue, and it may occur during the next five years, not the ten.” , in the event that dependence on oil imports remains only.

Al-Amiri added, “The issue of laying off thousands of employees is not on the table, neither now nor in the future, but if crises occur, newborns may be referred to retirement, i.e. reducing the retirement age for two years or more while stopping appointments and reducing the allocations of some ministries.”

 

International experiences

He called on those in charge and the concerned authorities to emulate and transfer the experiences of Egypt, Turkey and others, as these countries began and succeeded in developing their services provided to citizens and making them profitable sectors that do not constitute any burden on the state, at reasonable prices compared to per capita income, in addition to the Saudi experience, which began during the last three years, which It aims to reduce the subsidies provided to the sectors with an increase in taxes, which made them achieve a surplus for the year 2021, which amounted to about 100 billion 

dollar}.

Al-Amiri urged “the importance of shifting to profitable services and investments, and for government sectors to become productive, so the companies of the Ministry of Industry or Trade and others cannot become losers, and salaries are paid in billions without production or returns. It is also possible to benefit from customs revenues, ports, airports, transportation and others to supplement the treasury.” the state, and thus the future will be bright, not bleak.

[dinarbeleiver]

On 12/26/2021 at 8:10 AM, Fitxvz said:

many countries signed climate change agreement.. at 2030 they target consumption hydrocarbon less 30%.. more years more less 

 

that's why Iraq must reform as soon as possible.. because Iraq also signed it

 

if we think deeper.. the value of dinar will be rocketing high.. to start develop infrastructure  and investment program

 

 

They can diversify easily they have the Tigris river for agriculture they have rare earth minerals, they have everything needed to be self sufficient, they have a massive gold mine In Kurdistan, they have a massive gold mine outside of Baghdad that is yet to be exploited. They have not reached peak oil with their couple of dollars per barrel to refine, they have the largest gas field in the world. Yes they will revalue and it will be huge 

[flyguy2323]

39 minutes ago, dinarbeleiver said:

They can diversify easily they have the Tigris river for agriculture they have rare earth minerals, they have everything needed to be self sufficient, they have a massive gold mine In Kurdistan, they have a massive gold mine outside of Baghdad that is yet to be exploited. They have not reached peak oil with their couple of dollars per barrel to refine, they have the largest gas field in the world. Yes they will revalue and it will be huge 

I am 🙏🤞🙏you are correct. I would love to have my reset as well. 😂🤣

[cutter73]

With these guys...could it be a little smoke screen?  After all I am thinking right with you @dinarbeliever and believe they'll  diversify just fine.

[horsesoldier]

The more “ sky is falling if such & such happens “ articles they trot out, I’m more convinced things behind the scenes are lining up.

 

Hurry the Hell UP, okay ???

[yota691]

The Minister Of Finance Insults The Iraqi People With An Electric Car To Accept The Devaluation Of The Dinar And Starvation!

 

02/01/2022 | 3:06 PM

Books / Khaled Ibrahim

The Minister of Finance said at the Ministerial Forum on Energy Outlook in Iraq that was held on 20/12/2021 (found on the link: https://www.youtube.com/watch?v=90Nc4xgNsJk) that during the next ten, fifteen, or perhaps five years There will be a huge change in the energy market that is not different from the change that took place from transportation from wood to coal and from coal to fossil fuels. We also see these indicators in the transportation sector, which is the largest consumer of oil. After 2030, it is forbidden to produce any car except for the electric car in Industrialized countries, and during the next ten years, i.e. in 2040, there will be no gasoline-powered cars, the peak may be reached in 2030 or 2040. But regardless of these two dates, we face a real threat from global fluctuations and qualitative changes that occur in the oil market and what are their effects On the state's finances, its effects will be in the medium term, meaning that between now and the next five to ten years there will be a collapse in oil revenues.

Commenting on the minister's words, fossil fuels include coal (all types extracted from the ground and not made from wood), oil and gas. As for the electric car, it is not the decisive factor in the oil market, as the minister points out in his speech. Oil is used in many areas in our lives, including the production of many plastic materials and others, as well as in the production of electrical energy for use in lighting, heating and cooling and to operate factories of all kinds and as direct fuel in some factories such as cement and brick production factories.

As for the electric car, it, in turn, needs oil in a larger amount than normal cars, as the electric car needs electricity to charge its battery, and this electricity needed for charging is produced by electric stations that use oil, and in this case, the production of electric power and from Then charge the electric car battery, the loss of energy will be greater than in a car that operates using gasoline.

The Minister of Finance does not know these facts, or he knows them, but exceeds them. If the Minister of Finance does not know these facts, then this is a calamity that he plans the financial policy of Iraq on incomplete information, and if the Minister of Finance knows these facts, but goes beyond them, this is a greater calamity that the Minister of Finance deliberately insults the Iraqi people and prepares them to accept the second stage of devaluing the dinar and Starvation, increased unemployment, and severe poverty.

 

 

The Minister of Finance insults the Iraqi people with an electric car
5 views Dec 30, 2021

 

dir been

The Minister of Finance insults the Iraqi people with an electric car to accept the devaluation of the dinar and starvation