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7 million Iraqi govt employees fear for their jobs

Niqash reports:

Thanks to the current economic crisis in Iraq, the federal government is having to deal with a troubling budget deficit. Falling oil prices – which is how the country makes most of its money – combined with an expensive security crisis mean that the government has had to come up with a variety of ways to try and deal with the shortfall in funds.

One suggested plan involves cutting the salaries of government employees, and in some cases, even making employees redundant. In a rentier economy where the government is the biggest employer, this is causing serious concerns: The Iraqi government employs almost a quarter of the population, an estimated 7 million locals, out of a population of over 35 million.

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