Warnings of decisions that could destabilize living conditions and the economy
Warnings of decisions that could destabilize living conditions and the economy
2025-12-14
Economic and financial affairs expert Ahmed Al-Tamimi warned of serious social and economic repercussions that may result from any government move to reduce employee salaries or raise the exchange rate of the dollar against the Iraqi dinar in the coming period.
Al-Tamimi said in a press statement that “any measures of this kind, even if they come under the pretext of confronting a potential financial crisis, will not constitute a real solution, but will lead to widespread negative consequences that affect the economic and social stability of the country.”
He explained that “resorting to citizens’ income as a first option to address the financial deficit reflects a failure in managing public resources, and contributes to deepening the economic recession, increasing poverty and unemployment rates, in addition to eroding the purchasing power of a large segment of society.”
Al-Tamimi explained that “reducing salaries or raising the dollar exchange rate will directly affect the prices of goods and services, especially basic ones, which will increase the cost of living for citizens and negatively affect the overall stability.”
He pointed out that “the Iraqi economy has real alternatives to address any financial crisis, including combating waste and corruption, activating fair tax collection, reviewing unnecessary expenditures, as well as diversifying revenue sources and reducing the almost total dependence on oil.”
He stressed that “any financial treatment must be based on well-thought-out structural reforms, not on hasty decisions that affect the citizen’s income,” calling on the government to adopt transparency in presenting the financial challenges, and to involve experts and relevant authorities in formulating solutions, in order to ensure the protection of the middle and poor classes.
Al-Tamimi concluded by saying that “monetary and job stability is a red line, warning that any harm to it will cost much more than any potential financial crisis, in the short and long term.”
Recently, concerns have grown that the government may resort to exceptional financial measures to address economic pressures and liquidity shortages, amid fluctuating oil prices and rising public spending.
These warnings come amid past experiences that have proven that any change in salaries or the dollar exchange rate directly affects the livelihood of citizens and the prices of goods, making the issue of monetary and job stability one of the most sensitive and influential issues on social and economic stability in the country.
burathanews.com
