High oil prices will not deter the government from internal borrowing to secure the salaries of employees and retirees

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The appearance of Mohamed Saleh to / Nina /: High oil prices will not deter the government from internal borrowing to secure the salaries of employees and retirees

Friday 12, June 2020 14:41 | EconomicalViews: 54

Baghdad / Nina / The financial advisor to the Prime Minister, economic expert Mazhar Muhammad Salih, confirmed that: The high oil prices will not deter the
government from internal borrowing to secure the salaries of employees and retirees.

He told the Iraqi National News Agency ( NINA😞 At the present time, there is an imperative of securing salaries and pensions as a first priority within the constants of the operational budget from the few oil revenues and non-oil revenues.
 
Saleh added that: Paying insurance is through available financing methods, including borrowing from local banks at the present time.

And Finance Minister Ali Abdul Amir Allawi announced last Sunday at a press conference to work with a virtual budget for the remainder of this year to secure the salaries of employees and retirees. / End 3