Financial Expert: The Government Can Manage The Public Spending Process Without Issuing A Budget !

[DinarThug]

CNN. Broadcasting That the government and the Ministry of Finance can manage it for the remainder of the current year exceptionally !

 

LINK

Financial expert: The government can manage the public spending process without issuing a budget

 

 

12:30 - 09/06/2020
 

Financial expert, Ahmed Berihi, Tuesday, that the failure to issue a budget in 2020 due to health changes and crises and sudden drop in oil prices does not mean that the government will lose control of public spending, stressing that the government and the Ministry of Finance can manage it for the remainder of the current year exceptionally.

Brihi said in a statement to "Information", that "the current situation is more exceptional than the year 2014 in which the budget was not approved due to health changes and crises and the sudden drop in oil prices, and whoever believes that the executive authority will lose control over the completion of public spending for the remaining months of the current year is incorrect." 

He added that "the government and the Ministry of Finance are able to manage the state through public spending for the remainder of this year through possible means without issuing a budget." Berihi pointed out that "good management and the use of practical means to manage crises are possible and will not harm the country."

[DinarThug]

LINK

Specialist: Solving the budget problem will not be through the employees salaries


 

09:07 - 09/06/2020

The economist, Salem Al-Kinani, saw that the solution to the budget problem will not be by reducing the salaries of employees, but rather by resorting to agricultural and animal wealth and the exploitation of the mineral revolution available in the land of Iraq. addition to the exploitation of investment plots of land.

Al-Kinani said in a statement to "Information", that "millions of residential lands can be used, invested and sold to citizens, and to deliver their services to investment companies, while ensuring that the government receives 50% of the service fees."

He added, "Most countries do not depend on oil as a main source for financing the budget, as Iraq can rely on its religious tourism as a steady revenue in financing the budget in addition to its untapped tourist sites such as marshes, marine depressions and archaeological sites."

And that "the step of resorting to the employees' pension is unsuccessful and will have a negative reaction to the government, and the coming days may witness large demonstrations of employees that lead to the overthrow of the government.

It is possible to export the mineral revolution found in the ground, in addition to agricultural crops and the animal revolution, and therefore all resources are available but they need to be properly exploited. ” 

[DinarThug]

LINK

Cabinet approves law to reduce the salaries of high grades 10%

 

9th June, 2020

Hisham Dawood, the advisor to the Prime Minister, announced that the cabinet approved in its session today a law to reduce the salaries of higher grades by 10%.

Dawood added that "the owners of limited income are not covered by the decision to deduct salaries and that the decision to deduct the salaries includes the higher levels of employees." Indicating that "the current oil price is not sufficient to secure the salaries of employees, and that the state will secure the salaries of employees and the situation is not disastrous."

Regarding the dialogue with Washington, he said, "It will start on the 11th of this month and will include economic, cultural, agricultural and industrial files." Stressing that "Iraq seeks, through dialogue with the United States, to build a balanced relationship that preserves Iraq’s sovereignty and independence." 

[DinarThug]

LINK

Advisor to the Prime Minister: a 10% reduction in the salaries of higher grades without prejudice to these categories

 

 

06/9/2020 19:06:32

 

 

Advisor to the Prime Minister Hisham Daoud announced that the cabinet voted in its fifth regular session today on the reform law for securing employees ’salaries, by reducing 10% of the salaries of higher grades.

He said in the weekly press conference that "this law is very important, being a reformer and just, and it gives the ability to face the current situation, indicating that the government will continue the reform measures that are not political in the classic sense, but rather technical technical reforms." And David added, "The reduction of the salaries of the higher grades is a first step among the necessary financial proposals, given the economic situation, the financial wage, and oil that cannot secure the salaries of employees."

He explained that "any future reform law does not affect those with limited income or earnings, but rather includes higher grades of employees and does not exceed 10%, which is the beginning of reform, and this law or project is not sufficient to overcome the crisis, and there is a reform package on the administrative side and encouraging internal and external investment." "We inherited a flaccid country with six million employees and retirees," David said.

He pointed out that "the coming days will witness a comprehensive review of the file for the appointment of thousands of job grades." "We are facing a moral responsibility to ensure the salaries of employees, stating that the second stage of reforms encourages domestic investment and seeks a balanced case between the state's basic oil revenues and the stimulation of the internal market and internal and external investment," he said.

He said annually, "More than 700 thousand students graduate from universities, in order to absorb graduates and not leave them unemployed, we will open fields for the private sector and external investment to take its range in the Iraqi markets."

Regarding the strategic dialogue with the United States of America, which begins on June 11th, he said, "It is a dialogue, not negotiations, and it will cover all sectors and is not limited to the security or military sector, and the beginning of the dialogue will be with the ministries' agents." And "Iraq seeks open relations not only with the United States, but balanced relations with all of Iran, Saudi Arabia, America, and others." He noted that "the dialogue will cover all areas and we should benefit from it in agriculture, industry and energy."

##############

Adviser to the Prime Minister: The state will secure the salaries of employees, and the situation is not disastrous 
 LINK

[DinarThug]

LINK

By the numbers ... the prime minister's adviser reveals very important information about the deduction of salaries

 

 

6/9/2020 23:45:52

 

 

The financial advisor to the Prime Minister, Muhammad Mazhar Saleh, revealed very important information about deduction of salaries.

Saleh said (for the Furat News) that "what flows from cash resources to the budget is 3 trillion dinars between oil revenues and non-oil revenues, and 7 trillion dinars, representing 50% of the real needs and the critical limit of the operational budget, not all of them, and constitutes 5.7 trillion dinars with a region Kurdistan has two trillion dinars, a deficit in salaries and 3 trillion operating thresholds. He added, “The nominal salary at the annual level is 14 trillion dinars, the allocations are less than 29 trillion dinars per month for employees, and the income tax law imposes income on nominal and not on allocations and is supposed to include all income owners,” explaining that “what happened in 2008 by a decision of the Council of Ministers disrupted the application Income tax on the allowance portion which is two-thirds of the salary."

Saleh added, "The only legal way out to cover the deficit is to apply the income tax law to all employee salaries," stressing "deduction of 10-15% of the total salary of employees whose salaries are more than 500 thousand dinars," revealing "the issuance of a decision to replace the payment of employee loans." Or reduce interest for Rafidain and Al-Rasheed banks." He pointed out, "Informing all banks to postpone the payment of loans from citizens during the Corona pandemic period," noting that "income tax is a package to reduce spending, so we have a problem in stopping projects, which created high unemployment at the level of workers, contractors and technicians at the level of Iraq."

Saleh pointed out, "There is a long and rooted conflict to recover the revenues of the border ports and the customs, and it is difficult to control it, and the non-oil revenues in Iraq are rumors to the corrupt. Annually, $ 50 billion in imports are supposed to come through the customs tariff of $ 5 billion, but less than a billion dinars enter the state’s treasury. He added, "Electricity is spent from the federal budget, 14 trillion dinars, equivalent to 12 billion dollars a year, and the supposed return is 500 million dollars, and losses are 60%, part of which is called technical and other commercial in the sense of not paying lists and an attack on networks. As for oil derivatives, it was supposed to be five times the crude Three and a half million barrels of $ 56 are not enough to cover salaries, wages, pensions, and social welfare."

Saleh continued by saying, "Iraq currently exports 2.4 million barrels and the revenues of Iraq do not cover 50% of salaries only. Our problem in the oil companies takes one billion dollars per month for the cost of developing Iraqi oil fields and was paid in the form of crude oil up to 450 thousand barrels per day and with low prices Oil Iraq must provide one million barrels of oil to these companies every day." And he stated that "the government allowed the Minister of Finance to resort to financing needs by borrowing internally and externally to cover the funds in 2020, as liquidity is currently available at two trillion dinars." Iraqi to pay the salaries of this June."

On the internal and external debts of Iraq, Saleh explained that "Iraq's debts amounted to $ 60 billion, $ 35 billion in dollars and $ 25 billion in foreign dollars, and they have interest; but the World Bank can lend Iraq soft and long-term loans." He stressed that " the absence of any targeting of the salaries of the families of martyrs and prisoners will not be attacked on their salaries but we will integrate salaries in a fair salary for the salvation of duplication of salaries for all without exception , and the deduction will be applicable to everyone." 

[DinarThug]

LINK

In the document .. Al-Kazemi instructs an inventory of the salaries of employees in all ministries

 

 

06/9/2020 16:54:59
 

 

The Prime Minister, Mustafa Al-Kazemi, instructed to take stock of the salaries of employees in all ministries.

 

According to the document issued by the General Secretariat of the Council of Ministers, {Al Furat News} obtained a copy of it, that “Al-Kazemi directed during the cabinet meeting at its first extraordinary session held on 7/6/2020 to provide the Ministry of Planning with a complete inventory and statistics for the preparation of employees and staff with the job title and degree and the amount of salary, within a period not exceeding (30) days from the date of issuance of guidance, with speed up the completion of the functional figures Mnssobhm all".

 

 

[DinarThug]

LINK
 
The Prime Minister's advisor for financial affairs denies deduction of employees salaries

 

9th June, 2020

 

The financial advisor to the Prime Minister, Mustafa Al-Kazemi, the appearance of Mohamed Saleh, denied deducting the salaries of employees within the government's plan to provide funds for the public budget

Mazhar Muhammad Salih said in press statements, "There are no deductions in the employees' salaries, and there will be an income tax imposed only and the exemption of the few incomes from them," noting that "the leaked document has ended, and it is incorrect

He added, speaking of the government reforms designed to tackle the fiscal deficit, that "the reforms proposed by the government include tackling double salaries", noting that "no financial allocations can be canceled for any lawful group

He continued, "The cabinet is moving to prepare a new salary scale that can be sent to Parliament for approval within 3-4 months

[DinarThug]

LINK

Al-Kaabi: 500 thousand of the repressive apparatus of the former regime receive pensions


 

9th June, 2020
 

The first deputy speaker of the House of Representatives, Hassan Al-Kaabi, revealed on Tuesday that more than 500,000 people from the repressive apparatus in the former regime receive salaries with a retired address

Al-Kaabi said in an interview broadcast on official television and seen by "Al-Iqtisad News", that "there are repressive devices in the former regime that receive hundreds of millions of dollars per month and hundreds of billions annually that were not highlighted and not discussed until this moment

He stressed: "In the coming days, a document issued by the retirement board will be covered by those from the repressive apparatuses such as Saddam's guerrillas and senior Baath Party leaders, as well as the intelligence and repressive agencies, who are estimated to number more than 500,000 to receive salaries with the title of retirees," noting that "a request from the Finance Committee By sending a letter to the Ministry of Finance and the Retirement Commission on that

He pointed out that "there is no such thing as the Iraqi law, the multiplicity of salaries and what the segment of prisoners and martyrs receive are sums cut monthly as compensation for a martyr

Al-Kaabi stressed the need "not to prejudice the salaries of employees and go toward reducing the salaries of senior officials," noting that "the money that was stolen from former Iraqi officials and then deposited inprisons if returned would compensate hundreds of millions in addition to the real estate file

[DinarThug]

21 hours ago, DinarThug said:

She’s Uncovering More And More Of The Details On All Of The Corruption !  

She’s Been Relentless ...         

Al-Tamimi: A former minister turned the most famous Iraqi school in Paris into a hotel !

 

 

08:32 - 08/06/2020

 

 

On Monday, a member of the Parliamentary Finance Committee, Magda Al-Tamimi, accused a former minister in the government of Abdul-Mahdi of converting the best and most famous Iraqi school in Paris into a hotel building, noting that the real estate file abroad bears many suspicions of corruption.

Al-Tamimi said in a televised statement, followed by "The Information," that "a former minister turned around the most famous and oldest Iraqi school in Paris on which the Arab community in France depended on education to rented hotel apartments without sending rent money to the state."

She added, "The Iraqi embassy in Japan owns a giant building, but it neglected its restoration and deliberately rented a building with huge sums of money in Tokyo to use it as an embassy."

Al-Tamimi said, “The real estate file abroad and inside carries a lot of suspicions of corruption and the government should expedite the accountability of the corrupt to increase Iraqi income.” 

 

LINK

A parliamentary committee intends to submit a report at a high level of importance regarding the state real estate file

 

9th June, 2020

The Finance Committee in the House of Representatives announced, on Tuesday, to present a report at a high level of importance regarding the state real estate file.

And she asked the committee member, Magda Al-Tamimi, to "apply the accounting procedures to all the violators of state property, whether they are politicians or otherwise," stressing that she "will submit a report" at a high level of importance "to the Finance Committee in this regard." And she continued: "We are now on the wrong track, and this path must be modified," explaining that "the number of properties of the seized state is large."
 
Al-Tamimi stressed the need for "the entities that seize state property to pay rents to the relevant authorities according to the prevailing market prices, after conducting an evaluation in this regard", rejecting "that some political parties pay symbolic rental fees in exchange for remaining in the headquarters of the state".

On the extent of Al-Kazemi’s ability to extract parties from state property, Al-Tamimi said that “the prime minister is still fresh in his position, and we are good in it, and we have to help him, and we are waiting to see him, so I asked to meet him to hear from him what he intends to do.”

She stressed "the necessity of relying on other sources of financing in light of the low oil prices, including rent for state property," adding: "Iraq can make large sums of state property, which can cover large expenses." She pointed out that "the self-respecting state is required to hold everyone accountable according to the same criteria, to ensure that all parties follow the correct path."

 

Edited June 9, 2020 by DinarThug

[DinarThug]

Ok, Here U Go HorseSoldier - It’s All Teed Up For Ya !  

 

 

‘Made In Iraq’, Fertilizer And Bruce’s Favorite Minister, Manh’o’l Aziz - All Together In 1 Article !  

 

     

 

 

LINK

Al-Hakim: The slogan "Made in Iraq" should turn into a tangible reality

 

8th June, 2020

 

Today, Monday, the head of the National Wisdom Movement, Ammar Al-Hakim, stressed the need to achieve the slogan "Made in Iraq."

A statement issued to his office received "Gilgamesh Press", that "Al-Hakim received the Minister of Industry Manhal Aziz and indicated that the slogan (Made in Iraq) should turn into a tangible reality, and the Ministry of Industry should proceed with the strategic recovery plans prepared until the year 2030, which was jointly prepared by the private sector." 

The United Nations and the United States Agency for Development, and the completion of industrial cities in Basra and Dhi Qar are a priority, as they have reached advanced completion rates and work to complete the rest of the industrial cities in other provinces, as they constitute a source of job creation and economic mobility."

Al-Hakim stressed during the meeting "the necessity of investing mineral wealth and activating strategic industries such as iron, phosphates, fertilizers and military industrialization. We also called for evaluating public companies and providing accurate data on their financial position. We pointed out that marketing is the window of the ministry to the citizen and can gain confidence if modern methods are adopted. And modernity by investing digital openness and social media in this."

[horsesoldier]

If you’re talking IED’s, various types of bombs 💣 & Rockets - great start for advertising “ Made in Iraq “

[DinarThug]

35 minutes ago, DinarThug said:

‘Made In Iraq’, And Fertilizer - All Together !

 

16 minutes ago, horsesoldier said:

If you’re talking IED’s, various types of bombs 💣 & Rockets

 

Wtf - There’d Be Shiite Everywhere !  
 

Or As They Call It In The Middle East - ‘Tuesday’ ...

 

     

[horsesoldier]

1 minute ago, DinarThug said:

 

 

Wtf - There’d Be Shiite Everywhere !  
 

Or As They Call It In The Middle East - ‘Tuesday’ ...

 

     

 

Ahh, the shining example of the future of Iraq 🇮🇶 

[new york kevin]

Yeah, they just need CR - continuing resolutions . Which does not change the fact that they could and should work on and pass a budget.

[DinarThug]

On 6/4/2020 at 4:52 PM, DinarThug said:

Al-Kaabi calls on German companies to take the initiative in organizing effective partnerships with Iraq

 

3rd June, 2020

 

The  first deputy speaker of the House of Representatives, Hassan Al-Kaabi, called today on German companies for the initiative in organizing effective partnerships with Iraq

And his media office said in a statement received by "Gilgamesh Press", that "Al-Kaabi received in his office the German ambassador in Iraq, who told Dell, in the presence of   Representative Enas Al-Maksousi, where they reviewed the ways to develop relations at various levels and the importance of continuing and activating the agreement with the German company Siemens to improve the electricity sector

Al-Kaabi stressed  the "necessity to enhance joint coordination between Iraq and Germany to contain and confront the Corona pandemic," expressing his "earnest endeavor to overcome all obstacles facing the work of German investors, businessmen and economists, especially with the issue of facilitating obtaining an entry visa (Iraq) to Iraq

Al-Kaabi said that "Iraq is on the verge of   comprehensive and major economic, industrial and agricultural development", calling on all owners of capital and large and small companies in the Republic of Germany "for the initiative to organize strong and effective partnerships with the relevant authorities in Iraq, especially as the country has fertile land and an attractive environment And suitable for the establishment and success of the strongest investment projects

In turn, the German ambassador expressed his country's keenness to strengthen cooperation with Iraq in all fields and the continuation of joint coordination in confronting the emerging Corona virus, and to give full support system">support in this regard, stressing that "Germany has a real and serious desire to activate the investment and commercial sector and implement programs and agreements concluded between the two countries

 

On 6/8/2020 at 11:03 AM, Donziman said:

This saudi news is better than it looks. I say this because the ministry of electricity

has been extremely corrupt from 2004 until today. The USA has paid contractors three

or four times to fix the grid in Iraq but it never gets done. This is why the electric ministry

is always one of the last ones to get filled each time there is a change in Prime Ministers.

The position is a cherished one because of the history of stealing. The numbers are HUGE

There Was A Good Quote By Donziman (Above) At The End Of The Previous Thread That Some Might Not Of Seen !  
 

     

 

LINK

Germany shows its companies willingness to rehabilitate the electricity system in Iraq
 

22:25 - 08/06/2020

 

On Monday, the Minister of Electricity Majid Mahdi discussed with the German ambassador, Ulle Dieel, ways to enhance joint cooperation in the energy field, stressing the ministry has ambitious plans to improve the electrical system.

A statement of the Ministry of Electricity received / information /, that the Minister of Electricity Majid Mahdi of the Emirate, received the Ambassador of the Federal Republic of Germany in Baghdad, the beginning of the day, to discuss ways of joint cooperation in the field of electric energy between the two countries, pointing out that the Ambassador offered his congratulations to the Minister for his assumption of his duties as Minister of Electricity.

He added, the statement, that during the meeting they discussed the road map submitted by the German company Siemens, as well as a discussion of the issue of gaseous fuels and investments in renewable energy and ways to attract German companies to invest in Iraq .

Dyle called, according to the statement, to activate the bilateral partnership, in addition to stimulating investment in the Iraqi energy market to serve the interests of the two friendly countries, stressing the readiness of his country’s companies to help develop and rehabilitate the electric power system in Iraq, especially after the contribution and great success that Siemens worked with owners The Ministry.

For his part, the Minister of Electricity thanked the German ambassador, welcoming the development of economic relations between the two countries.

He added that the ministry has ambitious plans to improve the performance of the national electricity system, praising the sobriety of German companies operating in the electric power sector, which have contributed to improving energy performance.

He explained, that the Iraqi energy market is promising and important, pointing out that the door is open for all companies in friendly countries to contribute to developing Iraq's capabilities in the field of energy.

###############

LINK

Germany confirms the readiness of its companies to help develop and rehabilitate the electricity system in Iraq

 

Edited June 9, 2020 by DinarThug

[DinarThug]

Donziman

• Senior Member

 

36 minutes ago, DinarThug said:

There Was A Good Quote By Donziman (Above)

 

And For Those Who Know Him - U Can Call Him ‘The Donz’ !  



Ayyy ...

 

     

[DinarThug]

Trump's advisor: Iraq has asked the World Bank for financial assistance and Washington will help it in that

 

Policy 09/20/2020 22:26 2354    

Baghdad today - Baghdad 

 

Gabriel Somma, a member of the advisory office, revealed to President Donald Trump, today, Tuesday, that Iraq submitted a request to the World Bank for financial assistance, while noting that Washington will work to achieve this.

Soma said in his speech to the program  (Shortest Roads) , which is presented by Dr. Nabil Jassem on the Sharqiya channel , that "Iraq asked the World Bank for financial assistance and the United States is a major contributor to the World Bank and will help it in that, because the reputation of Iraq in financial terms is very good." 

He added, "Washington wants to know what the Iraqi government wants from it. Will it decide to leave the American forces or keep them with a formula of understanding and specific roles?"

He pointed out that "Iranian influence in Iraq threatens the security of Iraq, and the threat of ISIS still exists with 10,000 ISIS elements, and there is a threat to Iraq by militias that receive money, weapons and orders from Iran."

And he stated, "At the present time, I do not think that there is a trend towards the exit of American forces from Iraq, because of the danger of ISIS in the region."

linjk

[DinarThug]

Parliamentary Finance: Salary cuts will not cover the fiscal deficit, and we have an important solution that will be enacted by law

 

Policy 09/20/2020 09:14 537     

Baghdad today _ Baghdad  

 

The rapporteur of the Finance Committee in Parliament, Ahmed Al-Saffar, said on Tuesday (June 9, 2020) that the procedures for reducing salaries and activating taxes will not cover the wage of the state’s general budget, while providing a solution to supplement the budget with money.

Ahmed Al-Saffar said, in an interview with (Baghdad Today), that "the monthly deficit is very large, and as the Finance Minister announced amounting to 5 trillion dinars, the procedures for reducing salaries and activating taxes will not cover the financial deficit, and are considered within the formula for increasing revenues and reducing spending." 

Al-Saffar added, "The solution to supplying the budget is by resorting to borrowing, which is an important option." .

The decision of the Finance Committee in the House of Representatives indicated that "Parliament is in the process of legislating a law that allows the government to borrow until the budget is approved, and borrowing will be under conditions, both internal and external. Parliament will be aware of the amount of the loan, the lender, and the interest rate, and the law has been read again in the Finance Committee." .

Al-Saffar had spoken earlier that the Finance Ministry had submitted a formal request to the House of Representatives to authorize the Minister of Finance to borrow internally and externally, while making 4 comments on the request. 

Al-Saffar said in an interview with (Baghdad today), "The Finance Ministry submitted an official request to Parliament to authorize its minister to borrow internally and externally," stressing that "the Finance Committee will hold a close session to study the request." 

Al-Saffar added, "Our most important observations on the official request of the Ministry of Finance are not to specify the amount of the loan, the interest rate, the sections for disbursing the loan, and the authority from which borrowing will take place," stressing that "the committee meeting will discuss all observations before making any decision about the request."

The Council of Ministers, in its session held on Saturday (May 9, 2020), decided to approve the draft domestic and foreign borrowing law to finance the fiscal deficit for the year 2020 and refer it to the House of Representatives in accordance with the provisions of the constitutional articles.

LINK

Edited June 10, 2020 by DinarThug

[DinarThug]

Governmental consultant: starting from the current month .. an income tax on the total salary
 

Wednesday 10 June 2020
 

 

Baghdad / Shaima Rashid

 

 

The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, stated that the applicable income tax will be applied to the total salary instead of the nominal starting from the current month, while political and legal circles called on the government not to apply the law to employees whose salaries are less than one million dinars, pointing out that Amending any law that needs a vote by the House of Representatives.

Saleh said, in an interview with "Al-Sabah": The income tax law is on the nominal salary and now it will be applied to the total salary, that is, the nominal with the allocations, indicating that the income tax law is fixed and deductions in it range from 10 to 15 for all employees.

Saleh added that the proposals issued regarding deduction of salaries have been canceled, but salaries will be dealt with according to the income tax with exceptions to that, as this law will not include those whose salaries are less than 500 thousand dinars, indicating that the matter was discussed, but no issue was issued. Something formal yet, and the government is working hard to provide the salaries for the current month of June.

For his part, Jamal Kouger, a member of the Finance Committee, ruled out applying the income tax law to employees at these high rates, indicating that a 5 percent deduction may be a reasonable rate.

 He called not to apply this to everyone.

Cougar added, in an interview with "Al-Sabah", that if the government wants to apply the income tax on the nominal salary, it must include those whose salary exceeds a million and a half and more, even though what is issued today by the government is only guesses because everything that is proposed must be by amending laws and issuing decisions Parliament votes on it.

Cougar pointed out that what the media is circulating is nothing more than statements that are suggestions. The government is still waiting for how much oil prices will rise, expecting the salaries of this month to be paid in full, and if oil prices rise to $ 45 per barrel in the next month, then the The government will abolish the idea of deduction from salaries.

As for the legal expert, Tariq Harb, he made it clear that if the government wanted to amend a law, it should be through a new law voted by Parliament.

Harb explained, in an interview with Al-Sabah, that the income tax law is determined by the amount of deduction and its percentage, and if it is according to the total or nominal salary for that, if the government wants to make amendments, it must be in accordance with a law that is voted upon Parliament.

For his part, legal expert Ali Al-Tamimi stressed that the salary scale, raises, bonuses and even retirement are “laws” that cannot be violated by decisions, but must be amended by law. As for allocations not classified by law from increases and grants, and others, they can be modified by decisions.

Al-Tamimi added to Al-Sabah that article 3 of the Payroll Ladder Law No. 22 states that the Council of Ministers has the power to reduce salaries or adjust them according to the emergency conditions of the country and it is a text that gave powers to amend the Council of Ministers, but it remains for the government to take into account the salaries of employees of the lower grades And retired people should not be touched, but rather go to the higher and private levels, expenses, petty cash and border outlets. 

There are also other measures that can be resorted to, such as internal borrowing and the devaluation of the dinar.

LINK

[DinarThug]

Al-Rashid Bank announces the completion of the payment of pensioners' salaries

 

Localities 06/10/2020 00:52 1602    

Baghdad today - Baghdad 
 

Al-Rasheed Bank announced, on Wednesday, the completion of the payment of pensioners' salaries.  

Al-Rasheed said in a statement, "The payment of pensioners' salaries has been completed on the (Nakheel Master Card) and (KCard) cards." 

He added, "Retired masters of electronic payment card holders can receive their salaries from our branch network located in Baghdad and the provinces or from one of the accredited Nakheel Master Card offices if they receive a salary notification letter."

LINK

[DinarThug]

LINK

Bahaa Al-Araji responds to the Iraqi Trade Bank: This is evidence of corruption

 

 

10th June, 2020
 

Former Deputy Prime Minister Bahaa Al-Araji confirmed today, Wednesday, that he did not make a direct accusation of corruption to the Iraqi Trade Bank (TBI), but called for a serious reform process for the Iraqi banking system in general, including the aforementioned bank.

Al-A’raji said in a statement, “The Parliamentary Integrity Committee and the Anti-Corruption Council in the previous government have previously discussed the corruption files of government banks, including the Iraqi Trade Bank, among which the most important is the file of granting loans without adequate guarantees in the era of previous administrations, and this is a waste of public money, but it is recorded For the current management of the Iraqi Bank for Trade being better than previous departments."

Al-Araji asked, "There were no suspicions and convictions of corruption and waste, why was the previous bank directors judged by the courts of integrity as well as a number of employees of Al-Rasheed and Al-Rafidain Bank?"  The former Deputy Prime Minister continued, "The follower of the statements of the Minister of Finance a few days ago, finds it stresses the necessity to start restructuring the work of government banks and this supports our position to do so, in which we do not target a specific person or party, but rather we aim through it to correct the path in a way that stops the waste of public money".