financial and banking researcher Mustafa Hantoush confirmed on Thursday that running costs and retirement are demanding situations that require strengthening the role of the non-public sector.
Hantoush said in a declaration to dinaropinions.com, “Iraq is able to pay worker salaries, as more than three.3 million barrels of oil are exported each day at fees exceeding $50 according to barrel.”
He pointed out that “the problem does not lie in securing salaries, but as a substitute relates to the demanding situations associated with working and investment prices, which calls for addressing them critically.”
He explained that “the domestic debt has reached eighty three trillion dinars, which necessitates establishing the manner for the private area to permit younger human beings to gain real process opportunities.”
He introduced that “the stableness of the labor marketplace depends on the presence of a robust non-public zone, particularly with the referral of huge numbers of personnel to retirement in the absence of recent appointments,” warning that “the continuation of the current scenario can also cause an exacerbation of the crisis, which calls for adopting powerful strategies to aid the private quarter as a sustainable answer.”
