During today’s a press conference, the Finance Minister Faraj Boumtari clarified that the proposals of rationalizing expenditure and reducing the salaries of the Presidential Council, ministers and agents by 30% tend to reduce the gap between minimum and maximum salaries, stressing that ,for the first time in 7 months, the ministry had a salary system through which they matched the employees’ expenditure operations with the general quarters, and the cost-savings of the public expenditures reached one billion dinars in 2019.
The minister considered that economic reforms were suspended due to monetary policy shortcomings confirming that they noticed a number of negative indicators related to growth. In fact, all positive indicators recorded in 2018 have begun to shrink.
Boumtari said that, after the oil exportation was blocked, he presented a proposal to reduce the suggested financial arrangements for the level of expenditures to 40 billion dinars in 2020. However, they faced consultation and coordination issues.
At the press conference today, Boumtari emphasized that the current problem is related to the previous appointments of 250,000 between the years 2013-2014 and 2015, and confirmed that 90% of these appointments lack one of the terms of staffing or financial coverage.
The Minister also stressed that there should have been a clear monetary policy that would have resolved the private sector problem and created job opportunities.