Iraq goes beyond the salary insurance crisis

[yota691]

Iraq goes beyond the salary insurance crisis

 

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2020-07-26 01:52

 

Shafaq News / The Parliamentary Finance Committee said on Sunday that high oil prices and domestic and foreign borrowing secured employee salaries for the month of July .

"The high oil prices in the international markets and the law of local and foreign borrowing secured the salaries of employees and retirees this July," committee member Jamal Kuger told Shafaq News .

He added that "the availability of financial liquidity obliges the government and the Ministry of Finance to pay the salaries of employees according to the monthly entitlement to the times and schedules specified for each government ministry, department or institution."

The Iraqi government is struggling to secure employee salaries and other operating expenses due to the collapse in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world economy. The country relies on revenue from the sale of crude to finance 95 percent of the country's expenditures .

 

The government had submitted the bill, which includes foreign borrowing worth 5 billion dollars, and an internal value of 15 trillion dinars to cover the country's fiscal deficit, which was approved by Parliament.

[yota691]

Parliamentary Finance: The salaries of employees are insured according to the Borrowing Law

08:50 - 07/30/2020

 

  

Information / private
Parliamentary Finance Committee indicated that the salaries of employees are secured after Parliament voted on the borrowing law, pointing out that the government will not present any budget for the current year as it will suffer from a deficit of up to 60 percent.
Committee member Jamal Ahmed told Al-Maalouma that the government has borrowing orders after the parliament voted to do so, and it can provide employees salaries without delay after what happened in the salaries of last June.
He added that "the salaries of employees need $ 5 billion a month, while current oil prices cannot provide these sums, which is what called for parliament to pass the borrowing law."
Cougar ruled out that the government will present the budget for the current year, especially that it will suffer from a deficit of up to 60%, "noting that" the government is currently busy with the budget of 2021. " 25 n ended

[haymon]

so, I don't get paid, I still work, and you don't want me to skim from the pile..

[horsesoldier]

3 hours ago, haymon said:

so, I don't get paid, I still work, and you don't want me to skim from the pile..

 

Pretty much sums up the whole of Iraq 🇮🇶