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Raising pensions to cope with inflation
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Translated by IRAQdirectory.com - [11/25/2006]
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Iraqi government is currently engaged in taking large and quick actions in order to face the inflationary wave resulted in a sharp rise of the prices of many services and goods which burden those with limited income, especially government employees, because of the deteriorating income, which impacted negative economic and social backgrounds.
The government has approved an amount of one trillion, 480 billion dinars to support the unemployed and help them cope with living conditions. The estimated number of beneficiaries is more than 2 million families believed to be in need of support. Minister of Labor, Sheikh Mahmoud Radi, said the government adopted this amount in the 2007 budget to provide sufficient imports of a large number of job-seekers in order to subsidize their families, in addition to adopting the draft of social protection network to support the needy families.
It is likely that attracting the unemployed would help in reducing the incidents of violence, since the terrorist organizations trying to lure them with money to implement their plans. Prime Minister Nuri al-Maliki hinted, on more than one occasion, that the 2007 budget, which amounted to about $ 40 billion, is sufficient for operating a large number of projects.
It is expected that more than one million government employee, of small ranks, will receive a salary increase up to 60% next January. Iraqi Ministry of Finance believes that the salaries of small grades will increase by 40 to 60% approximately. The ministry, according to special information, was working to activate the increase to subsidize the employees' salaries for months.
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