Financial and economic expert Mustafa Akram Hantoush discussed on Monday the possibility of halting appointments in Iraq for a duration of ten years to adjust the expenditure balance. Hantoush stated to "Baghdad Today" that "successive Iraqi governments do not hire because they need these appointments, but because they do not want any real work in the private sector. Therefore, the government appoints hundreds of thousands due to the lack of job opportunities for youth in the private sector, and this issue has not found any real solutions from responsible entities and individuals in the state."
He pointed out that "stopping appointments for one year in Iraq is impossible, let alone for ten years, as Iraq does not have a private sector. The private sector is merely a media bubble in Iraq. The country has approximately 45 million people, requiring thousands of industrial cities and factories to achieve real economic growth to genuinely activate the private sector."
He added that "the private sector can be activated through an organizational plan from the government by allocating part of the financial allocations for infrastructure to the private sector by establishing public markets and giving loans for various projects. Specifically, the Central Bank of Iraq has stopped loans without any study, which has destroyed the Iraqi market. These loans have been halted for nearly two years, and there is no real work in the private sector, nor any addition or development in this sector."
The financial and economic expert emphasized that "the private sector needs activation, an annual regulatory budget, initiatives for loans, and laws. Only after activating this sector would Iraq no longer need appointments; otherwise, Iraq will continue to require appointments, and it cannot stop them for any short period. Thus, they will continue during this government and future Iraqi governments."
Earlier today, financial committee member Jamal Kochar revealed a government trend to reduce bureaucratic excess in Iraq, indicating that the country needs to stop appointments for ten years to manage the expenditure balance.
