Ministry of Industry and Minerals announced that a number of its affiliated companies have ensured salaries, service and gods requirements from their self incomes started from early 2010. MIM Economic Department General Director reported to MIM information bureau that the Ministry adopted central policies to up rise the economic reality of its self finance company referring to the Ministry laid down an action plan to reduce the State support of the Ministry of Finance within the economic reform plan to operate these companies and provide salaries of their staff from self incomes. Early 2010 (State Company for Southern Fertilizers, State Company for Northern Cement, State Company for Iraqi Cement) have already applied the plan while (Specialized Institute for Engineering Industries, Al Tahadi State Company, Samaraa Drugs, Nineveh Drugs, State Company for Information System, State Company for Industrial Design and Construction, State Company for Southern Cement and State Company for Northern Fertilizers have been self financed since July, 1, 2010. The spokesman referred that Mr. Minister instructed that those companies administrative councils have the authority of reviewing and endorsing contracts whose value doesn't exceed (10) million I.D.. The spokesman stressed that in so doing MIM 12 state companies have saved (191) billion I.D. which represents salaries of (33) thousand employees.
