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Expert: most affected by inflation are non-staff budget and will provide 100 thousand jobs
26-10-2012 | (Voice of Iraq) - Add a comment -
Baghdad - where
Saw an economist said that "more social classes affected by inflation indices, are working outside government institutions."
The expert said Bassem Jamil, told all of Iraq [where], that "there is a large proportion of those working outside the state apparatus does not enjoy the privileges, reflect inflation entered negative, so reduced their standard of living, and this will increase the poverty rate calculated previously, amounting to 23%" .
"As that inflation affects the income of low-lying, and working to increase the proportion of poverty, especially Salaries fixed and prices are rising, which affects negatively on per capita income," noting that "indicators of inflation cash is applied to the forty paragraph of food, clothing, fuel and energy , and if it was measured on what it was last year and what it is now, we will find there is a high rate of inflation between up to 6%. "
He pointed out that "the government program is likely to provide a [100] thousand jobs within government departments, according to the budget 2013, and raise the operating budget for next year will create more job opportunities for the unemployed, which reduces unemployment and raise the income level of the family, and in this case may occur improvement If not, the high prices, "stressing the need to give larger amounts investment sector to create more jobs and stimulate physical movement, especially infrastructure and the building of schools, hospitals and other".
The Ministry of Planning on the ninth of October, the current for a slight rise in inflation indicators compared with the month of September compared with the previous month of August stood at [0.3%].
The ministry said in a statement that "the Central Bureau of Statistics completed the inflation report for the month of September 2012 which was prepared on the basis of field data collection on the prices of goods and services components of the consumer basket of selected sample of outlets in all governorates of Iraq."
"The annual inflation for the period from September 2011 to until the month of September 2012 saw an increase of [6.4%], while inflation rose foundation, which is the percentage change in the index of consumer prices calculated after excluding petroleum [oil, gas] within the Department of Housing and two sets of fruits and vegetables bodies within the Department of Food and non-alcoholic beverages [5%]. "
Observers believe the economic Shan that Iraq suffers from inflation as a result of the excessive rise in the general level of prices, and rising incomes cash, as well as high costs, excessive creation of cash balances.
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26-10-2012 | (Voice of Iraq) - Add a comment -
Baghdad - where
Saw an economist said that "more social classes affected by inflation indices, are working outside government institutions."
The expert said Bassem Jamil, told all of Iraq [where], that "there is a large proportion of those working outside the state apparatus does not enjoy the privileges, reflect inflation entered negative, so reduced their standard of living, and this will increase the poverty rate calculated previously, amounting to 23%" .
"As that inflation affects the income of low-lying, and working to increase the proportion of poverty, especially Salaries fixed and prices are rising, which affects negatively on per capita income," noting that "indicators of inflation cash is applied to the forty paragraph of food, clothing, fuel and energy , and if it was measured on what it was last year and what it is now, we will find there is a high rate of inflation between up to 6%. "
He pointed out that "the government program is likely to provide a [100] thousand jobs within government departments, according to the budget 2013, and raise the operating budget for next year will create more job opportunities for the unemployed, which reduces unemployment and raise the income level of the family, and in this case may occur improvement If not, the high prices, "stressing the need to give larger amounts investment sector to create more jobs and stimulate physical movement, especially infrastructure and the building of schools, hospitals and other".
The Ministry of Planning on the ninth of October, the current for a slight rise in inflation indicators compared with the month of September compared with the previous month of August stood at [0.3%].
The ministry said in a statement that "the Central Bureau of Statistics completed the inflation report for the month of September 2012 which was prepared on the basis of field data collection on the prices of goods and services components of the consumer basket of selected sample of outlets in all governorates of Iraq."
"The annual inflation for the period from September 2011 to until the month of September 2012 saw an increase of [6.4%], while inflation rose foundation, which is the percentage change in the index of consumer prices calculated after excluding petroleum [oil, gas] within the Department of Housing and two sets of fruits and vegetables bodies within the Department of Food and non-alcoholic beverages [5%]. "
Observers believe the economic Shan that Iraq suffers from inflation as a result of the excessive rise in the general level of prices, and rising incomes cash, as well as high costs, excessive creation of cash balances.
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