Economist: Operating expenses and pensions are challenges that require strengthening the private sector
Economist: Operating expenses and pensions are challenges that require strengthening the private sector.
3-13-2025
Al-Maalouma/Baghdad..
Financial and banking researcher Mustafa Hantoush confirmed on Thursday that operating expenses and retirement are challenges that require strengthening the role of the private sector.
Hantoush said in a statement to Al-Maalouma Agency, “Iraq is able to pay employee salaries, as more than 3.3 million barrels of oil are exported daily at prices exceeding $50 per barrel.”
He pointed out that “the problem does not lie in securing salaries, but rather relates to the challenges associated with operating and investment expenses, which requires addressing them seriously.”
He explained that “the domestic debt has reached 83 trillion dinars, which necessitates opening the way for the private sector to enable young people to obtain real job opportunities.”
He added that “the stability of the labor market depends on the presence of a strong private sector, especially with the referral of large numbers of employees to retirement in the absence of new appointments,” warning that “the continuation of the current situation may lead to an exacerbation of the crisis, which requires adopting effective strategies to support the private sector as a sustainable solution.”
almaalomah.me
