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Al-Rafidain: The coming hours will witness the distribution of the salaries of all employees


yota691
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Information \ Baghdad ..
Rafidain Bank confirmed, on Monday, the arrival of financing for employee salaries for the month of June, indicating that the coming hours will witness the completion of the distribution of employee salaries.
"The failure to deliver salaries on time, due to the lack of financial revenues and the implications of the Corona virus," said Medal of the Rafidain Bank, Wissam Mohamed, in a statement to \ Information.
Muhammad added, "The Rafidain Bank is subject to the Ministry of Finance and we are awaiting financing and notification to pay the salaries of employees, and that the lack of revenues and the consequences of the Corona pandemic have affected the delivery of salaries on time."
He explained, "We have nothing to do with delaying the salaries of the employees. We are an executive body affiliated with the Ministry of Finance," stressing that "the salaries of the retirees were disbursed yesterday and some departments will distribute the salaries to them today." End / 25D

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The Independent ... The Parliamentary Finance Committee suggested that the delay in the distribution of salaries of some ministries should be due to the scrutiny in the double salaries.

Jamal Kujer, a member of the Finance Committee in the House of Representatives, said in a statement affiliated to the Independent today, Monday, that “the House of Representatives gave the government the power to borrow immediately according to the borrowing law that was voted upon and that contains an article stipulating that the law will be implemented immediately after voting on it,” indicating that “” indicating that ” These loans are internal and hence the delay in the distribution of salaries is unjustified.

He added, "The arrangements for the distribution of salaries need a week to be completed, but in case the government has reforms, it must announce them and be with the approval of Parliament."

Cougar suggested that "the reason for the delay is the double salaries that the government seeks to check and stop their salaries", calling on the government to "clarify the reasons for the delay, especially since the employee has many obligations."

In turn, Member of the Committee, Deputy Muhammad Al-Darraji, confirmed in a statement that the Independent received a copy of it, that there is no truth in salary delays due to the delay in the conversion of the currency, as the central bank makes a daily transfer, and the borrowing law that covers salaries includes (at one of its points) internal borrowing.

He added, “On the basis of that, the cash liquidity in the Central Bank has been launched for the main banks (Al-Rafidain, Al-Rashid and TBI) and a notification must be received from the Ministry of Finance to the mentioned banks to release the salaries of employees.”

He added, "There will be no problem during the next three months because of the presence of internal borrowing," noting that "we are looking at oil prices and the reform plan that the Finance Minister promised to present."

 
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Parliamentary finance reveals a new reason for late wages and a condition related to external loans

Political10:40 - 07/06/2020

 
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Baghdad - Mawazine News
, the Parliamentary Finance Committee confirmed, on Monday, that its approval of external borrowing was conditional on submitting a reform paper and allocating 15% of it to investment projects, while clarifying the reasons for the delay in the release of salaries.
"The Finance Committee agreed to external borrowing on terms, including obligating the government to present a comprehensive reform paper within 60 days, through which revenues are maximized and unnecessary spending is rationalized, as well as not resorting to borrowing again," according to the official agency. And allocating 15% of the borrowed money to the investment. "
He added, "The law of internal and external borrowing came into effect from the hour of its approval, so the government could borrow from Iraqi banks and the central bank and pay salaries."
Al-Saffar suggested that "the delay in paying salaries is due to technical reasons, including converting from the dollar to the local currency, as well as checking the salaries of employees in some ministries who receive more than one salary." Ended 29 / A 43

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Editing Date: 7/5/2020 22:44 • 162 times read
Parliamentary Finance: No delay in the distribution of employee salaries after today
Ayna News - Baghdad

Parliamentary Finance Committee confirmed, on Sunday, that there will be no delay in distributing salaries to state employees after today.

A member of the Parliamentary Finance Committee, MP Ahmad Mazhar al-Jubouri, said that "multiple reasons contributed to the community in delaying the payment of salaries of Iraqi state employees and pensioners during the past days despite the approval of the law of internal and external borrowing, which provided flexibility for the government to pay salaries."

Al-Jubouri added, "The delay in paying the salaries of June will be the last, and for the rest of the months, salaries will be paid and disbursed within normal times without any delay. We are assured by the public opinion that the state is obligated to pay salaries to all employees within the approved timelines."

The government was late in tightening and paying the salaries for the month of June, which raised public concern, despite the approval of the internal and external borrowing law.
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POSTED ON 2020-07-06 BY SOTALIRAQ
Parliamentary finance is reassured: salaries are ready and currency exchange is the last of its exchange
The Finance Committee revealed in the House of Representatives that the government will begin to pay the salaries of workers in the state during the next two days after borrowing eight trillion dinars from the Central Bank, attributing the reason for the delay in the payment of salaries to the lack of cash liquidity.

And the Accounting Department confirmed on the third of July that it is continuing to launch salary salaries for the month of June.

Mustafa Al-Kazemi’s government is trying to secure employees ’salaries and other operating expenses despite the difficulty due to the decline in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world’s economy.

Jamal Koujer, a member of the Finance Committee in the House of Representatives, told Al-Mada that “in the next two days, government banks will distribute salaries to employees,” attributing “the reasons for delaying the payment of employee salaries to the lack of sufficient liquidity, which led the government to introduce the local and external borrowing law that Approved by Parliament. ”

The House of Representatives voted on the twenty-fourth of last June on the draft of the domestic and external borrowing law to fill the fiscal deficit for the year 2020, as the law gave the Minister of Finance the power to borrow locally and abroad by issuing treasury transfers and local bonds to finance expenditures.

Cougar adds that "the entry into force of this law requires a time that takes approximately more than a week, which caused delay in the payment of salaries," noting that "the government does not have any justification after completing the approval of the borrowing law."

The head of the Kurdistan Islamic Union bloc states that "the central bank has secured the salaries of all employees for the next three months (July, August and September)," stressing that "the distribution of salaries to all workers in the Iraqi state will be in the next three days."

The law of local and external borrowing specified the ceiling of external borrowing at (5) billion dollars, and (15) trillion dinars of local borrowing, provided that no less than 15% of external loans be allocated to be spent on investment projects and the development of regions, with the priority being for the less-funded provinces ”

And he confirms that "the government will pay salaries for the coming months according to its usual and specified timing without any delay or delay after securing the salary amounts for three months," noting that "the Ministry of Finance borrowed from local banks and banks (8) trillion dinars through which it was able to secure the salaries of the three months Coming. ”

The financial crisis and the collapse of oil prices in global markets and the repercussions of the Corona pandemic crisis prompted Mustafa Al-Kazemi's government to review the financial policy in Iraq in order to overcome the financial distress that threatens the Iraqi economy.

The Council of Ministers had previously decided to form an emergency cell to provide financial liquidity and take decisions regarding financial reform through rationalizing expenditures, maximizing resources, reforming financial institutions, and developing financing plans for reconstruction, development and investment projects, and sources and financing mechanisms outside of government spending.

The representative of Dohuk Governorate denies the news circulated on social media that talks about the government's resort to paying the salaries of its employees every forty days, adding that "these ideas are not included in the government plan."

For his part, Mohamed Darraji, the independent deputy in the House of Representatives, suggested that “the reason for the delay in the salaries of employees (especially after the approval of the borrowing law) is the non-transfer of currency, because liquidity is available with the central bank and has transferred the required amounts to the main banks and salaries must be released today Monday or later. ”

Daraji said in a press statement that "there is no validity for the delay in salaries due to the delay in converting the currency, as the central bank makes the daily transfer, and the borrowing law that covers salaries includes (at one of its points) internal borrowing and on the basis of that, the cash liquidity with the central bank has been launched for banks The president (Al-Rafidain, Al-Rasheed and TBI), and a notification is required from the Ministry of Finance to the aforementioned banks to release the employees ’salaries ... today or after Monday, salaries must be received.”

Darraji said, "There will not be a problem during the next three months because of internal borrowing, and then we look at oil prices and the reform plan that the Finance Minister promised to present."

The Prime Minister, Mustafa Al-Kazemi, had earlier instructed the Ministry of Finance to launch the salaries of employees.

The Prime Minister’s Office stated in a statement that “Prime Minister Mustafa Al-Kazemi held a meeting with Finance Minister Ali Abdul Amir Allawi, and (Al-Kazemi) stressed during the meeting that the launch take place without delay, and that the Ministry work with all its capabilities to put the solutions that were discussed into practice.” , Pointing out that "the government apparatus continues to maximize non-oil revenues and find financial cover for employee salaries."

For its part, Siham Al-Aqili, a member of the Parliamentary Finance Committee, confirms that “the Ministry of Finance sent a notice to government banks to release the salaries of employees during the next two days,” pointing out that “the transfer from hard currency to the Iraqi dinar caused delays in the payment of salaries.”

Al-Aqili explains in a statement to Al-Mada that “the local borrowing process took place through the Central Bank notifying the Ministry of Finance to secure the amounts and salaries, and then the Ministry of Finance notifies government banks to launch salaries”, stressing that “this process has been completed with all its details and salaries will be released.”

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58 minutes ago, yota691 said:

"There will not be a problem during the next three months because of internal borrowing, and then we look at oil prices and the reform plan that the Finance Minister promised to present."

After 3 months? I hope not!

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The Finance Committee: No delay in employee salaries for the coming months

 
 
Baghdad / Al-Sabah Shaima Rashid
 
 
The House of Representatives is waiting for the government to present the "reform plan" promised by the Minister of Finance to avoid economic and financial crises, at a time when the Finance Committee in the House of Representatives ruled out a delay in the delivery of salaries for the coming months.
Committee member Jamal Kujer said in a statement
 For «Al-Sabah»: “The House of Representatives has given the government the power to borrow immediately according to the borrowing law that was voted on and that contains an article stipulating that the law will be effective immediately after voting on it. justification". 
He added that «the arrangements for the distribution of salaries need a week to complete, but in case the government has reforms, it must announce it and be with the approval of Parliament».
Cougar suggested that "the reason for the delay will be the double salaries that the government seeks to check and stop their salaries", calling on the government to "clarify the reasons for the delay, especially since the employee has many obligations."
For his part, the committee member, Muhammad Daraji, confirmed in a statement that Al-Sabah received a copy of it that “there is no truth in the delay in salaries due to the delay in converting the currency. The internal ”, indicating that“ on the basis of that, the cash in place with the Central Bank has been released to the main banks (Al-Rafidain, Al-Rasheed and TBI), and a notification must be received from the Ministry of Finance to the mentioned banks to launch salaries 
employees".
He added that "there will be no problem during the next three months because of the presence of internal borrowing," noting that "we are looking at oil prices and the reform plan that the Finance Minister promised to present."
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