Economist: Strengthening the private sector is key to stabilizing the labor market in Iraq.
Economist: Strengthening the private sector is key to stabilizing the labor market in Iraq.
4-9-2025
Al-Maalouma/Baghdad..
Researcher and expert in financial and banking affairs, Mustafa Hantoush, confirmed on Wednesday that the stability of the labor market in Iraq is closely linked to the development of the private sector and enabling it to perform its true role in supporting the national economy.
Hantoush said in a statement to Al-Maalouma Agency, “The Iraqi state does not face a problem in paying employee salaries, especially with the continued export of more than 3.3 million barrels of oil per day at prices exceeding $50 per barrel,” noting that “the real dilemma lies in the mismanagement of operating and investment expenses, which requires realistic and urgent solutions.”
He added that “the size of the domestic debt has reached about 83 trillion dinars, a number that calls for sounding the alarm bell and imposes the need for radical solutions, foremost among which is opening the way for the private sector to absorb the increasing numbers of graduates and young people seeking work.”
He explained that “stability of the labor market cannot be achieved through the government sector alone, especially with the high rates of retirement and the halt in new appointments.”
He warned that “continuing this approach will further complicate the crisis, making support for the private sector an inevitable strategic option for achieving sustainable economic development.”
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