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Caution over a move to eliminate debt-laden government bodies
The article addresses the concerns of labor unions in Iraq regarding the government's approach to privatizing or selling off heavily indebted state-owned enterprises as a means of solving financial crises, especially those suffering losses and accumulating debts. It emphasizes that the core issue with these institutions is not their public ownership but poor management, corruption, weak planning, and lack of development. The genuine solution, it argues, lies in combating corruption and restructuring these institutions rather than arbitrarily selling off assets. It also stresses the importance of maintaining the role of the public sector in strategic industries and promoting a balanced growth of the private sector.
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