Ex-wingnut Posted February 1, 2015 Report Share Posted February 1, 2015 MP for Coalition Forces Union Mahasin Hamdoun February 1, 2015 (IraqiNews.com) On Saturday, MP for Coalition of Forces Union, Mahasin Hamdoun confirmed that 51 trillion dinars from the budget were allocated to the salaries of the staff in the country, pointing out that the budget deficit will be repaid in various methods. Hamdoun said in an interview on Al-Sumaria TV followed by IraqiNews.com, “The budget amounts 119 trillion dinars, including 51 trillion for salaries, and 41 trillion dinars for investment and ongoing projects, in addition to 26 trillion for all ministries and expenses in Iraq.” She added, “The budget deficit amounted to 25 trillion dinars and will be paid by borrowing from the International Monetary Fund or compulsory savings or amounts retained from the 2014 budget.” Hamdoun pointed out that, “All ministries need to develop functional degrees and we have allocated 55,000 functional degrees updated since last year but not been carried out in the budget yet,” adding that, “Its amounts are calculated and have no affect on the budget.” http://www.iraqinews.com/features/51-trillion-dinars-budget-allocated-staffs-salaries-says-mp-forces-union-coalition/ 2 Link to comment Share on other sites More sharing options...
cooked Posted February 1, 2015 Report Share Posted February 1, 2015 These are the kind of articles that make me wonder how they can pull off any kind of rv. If they are giving out 51 trillion dinars, how can they have any kind of value? Someone tell me what I am missing? Please? Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 1, 2015 Report Share Posted February 1, 2015 The way I've read it explained before is that Iraqis are paid in dinar but they don't get as much purchasing power with it as they do with the dollar. So they run down to the local currency exchange and buy dollars with the dinar. Which in turn brings the dinar back to the CBI. And that's not to even begin to touch on how long they haven't been getting paid. I suppose that's why the very fact that they are getting paid is a news story. 2 Link to comment Share on other sites More sharing options...
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