A new expectation in disbursing the current month's salary

[yota691]

A new expectation in disbursing the current month's salary

•  Time: 10/21/2020 12:30:55
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•  Read: 15,821 times

  

{Baghdad: Al-Furat News} The Director of the Board of Financial Supervision {Previous}, Salah Nouri, expected a delay in paying salaries for the current month of October.

"The salaries will be delayed as the previous month, and for the same reasons and controversy between the House of Representatives and the Ministry of Finance, they did not specify a time, but the personal opinion before the end of the month," Nuri told Al-Furat News.
A member of the Parliamentary Finance Committee, Jamal Cougar, revealed the day before Monday, the date for the salaries to be delivered for the month of October.
"The salaries will not be delayed, as happened last month, and our expectations are that they will be distributed in the last two days of the month," Cougar told Al-Furat News, stressing that "the Iraqi street and the situation cannot bear a repetition of the same scenario that occurred last September in the delay in paying the salary." 
Cougar added, "The House of Representatives in all cases will vote on the internal borrowing law and legislate it, but it is not in this form that was sent by the government," noting that "the House of Representatives and the legislation of the law have nothing to do with salaries and that mortgaging the salaries of employees in the House of Representatives is incorrect."
He pointed out that "the numbers mentioned in the text are fictitious, as they amount to 40 trillion dinars, and this is greatly exaggerated."
It is noteworthy that the parliamentary finance reporter, Ahmed Al-Saffar, said earlier, "The House of Representatives is determined to vote on the internal borrowing law, which is included in the reform paper, which will secure the salaries of employees until the end of the year."
Ammar Al-Masoudi

[yota691]

The Prime Minister’s Economic Adviser to {Al Furat News}: I don't worry about the October salaries

•  Time: 10/21/2020 21:46:56
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•  Read: 9,438 times

  

(Baghdad: Al Furat News) The economic advisor to the prime minister, Mazhar Muhammad Salih, said on Wednesday, "I do not worry about the salaries of employees for the month of October."

Saleh told Al-Furat News that "the issue of salary disbursement for the current month of October is not a concern, and that the delay will not be as it happened last month," noting that "there is flexibility on the part of the concerned authorities to disburse salaries without delay."

And that "the rights are guaranteed, and there is a directive from the House of Representatives and the government to pay salaries by approving the internal borrowing law submitted to the House of Representatives."

The head of the Financial Supervision Bureau (former) Salah Nour confirmed to {Al-Furat News}, saying, "Salaries will be delayed as the previous month and for the same reasons and arguments between Parliament and the Ministry of Finance did not specify a time, but the personal opinion before the end of the month."
A member of the Parliamentary Finance Committee, Jamal Cougar, revealed the day before Monday, the date for the salaries to be delivered for the month of October.
"The salaries will not be delayed, as happened last month, and our expectations are that they will be distributed in the last two days of the month," Cougar told Al-Furat News, stressing that "the Iraqi street and the situation cannot bear a repetition of the same scenario that occurred last September in the delay in paying the salary." 
Cougar added, "The House of Representatives will in any case vote on the internal borrowing law and legislate it, but it is not in this form that was sent by the government," indicating that "
He pointed out that "the numbers mentioned in the text are fictitious, as they amount to 40 trillion dinars, and this is greatly exaggerated."
It is noteworthy that the parliamentary finance reporter, Ahmed Al-Saffar, said earlier, "The House of Representatives is determined to vote on the internal borrowing law, which is included in the reform paper, which will secure the salaries of employees until the end of the year."

Raghad Daham

[yota691]

The Central Bank explains to {Al Furat News} its relationship with employee salaries

•  Time: 10/21/2020 16:54:10
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•  Read: 7,761 times

  

{Baghdad: Al Furat News} The Central Bank of Iraq issued, on Wednesday, a clarification through {Al Furat News} about its relationship with the salaries of state employees.

Bank spokesman Acer Jassim told {Al Furat News} that "there is no relationship between the central bank and the employees' salaries, and that this file (salaries) is a purely governmental affair and is exclusively in its hands."

He pointed out that "the currency auction in the bank has nothing to do with salaries and that the financial relationship between the government and the bank is to provide it in dinars exclusively."

The bank had confirmed earlier that there is no mechanism for the bank related to salaries and that the bank’s policy is far from this matter.

[gregp]

Full moon on Halloween, Saturday 31st

RV Sunday 1st. 
Thanks Yota. 
 

[yota691]

 

Iraqi Finance reveals the imports of October and suspends the disbursement of salaries in Parliament

 

 

 2020-10-22 07:04

Shafaq News / The Iraqi Ministry of Finance confirmed, on Thursday, that it is awaiting the passage of the borrowing law by Parliament, to proceed with the payment of salaries of employees in the country.

Parliament announced earlier in the day that the borrowing law would be included in next Saturday's session for a preliminary reading.

The Ministry of Finance told Shafaq News Agency, "The oil and non-oil imports for this month of October will exceed four trillion dinars, at a time when we need six trillion and 500 billion dinars per month to pay the salaries of employees, retirees and beneficiaries of social care."

She added, "We are waiting for the Iraqi parliament to approve the fiscal deficit financing law in order to give us legal authority to borrow money from local and foreign banks and to continue the process of paying employees' salaries on time."

It is customary to pay the salaries of employees, starting from the 15th of each month and until the 26th of the same month, but last September, the salaries of government employees were late for the first time due to the financial crisis.

And the Iraqi Finance had previously confirmed that the financial pressure in the country will continue in the foreseeable future, as the country's main source of income from oil exports will be constantly affected by the global decline in demand and the massive outbreak of the Coronavirus.

And last September, the total financial revenues from the sale of oil amounted to 3.1 billion dollars, while Iraq needs 5 billion dollars to cover the salaries of 4.5 million state employees.

And Iraq, the second largest producer of crude in the "OPEC" after Saudi Arabia, with a daily average of 4.6 million barrels in normal conditions, and depends on crude to provide more than 90 percent of its revenues.

[yota691]

Parliamentary Finance sets conditions for voting on the borrowing law

Editing date: 10/22/2020 11:49 • 83 times read

[Baghdad-Where]
The Parliamentary Finance Committee has set a condition for voting on the borrowing law, revealing the amount of money in the 2020 budget, confirming that the delay in employee salaries is a dangerous precedent that affected 15 million Iraqis.

Committee member Jamal Cougar said in a press statement, today, Thursday: "The parliamentary committee has studied the borrowing law in addition to intensive studies that will be conducted during the next week."

He added, "The law contains large sums in numbers, as the government's 8-month budget ranges between 51-53 trillion dinars, and it is not in fact that the budget for a period of 4 months is greater than what was spent in 8 months."

He stressed that "the Finance Committee is not ready to proceed with voting with these numbers, and we will vote on the law after changing them and setting actual real numbers to fill the deficit."

He pointed out that "the Minister of Finance, Ali Allawi, linked the payment of salaries with the legislation of the borrowing law, because the ministry was unable to provide it and fill the deficit."

He explained that "delaying employees' salaries is a precedent that occurs for the first time and we have not seen it even in the darkest circumstances," noting that "the delay in salaries has not only affected the segment of employees, but also affected all working segments in the Iraqi state and the private sector. Therefore, about 15 million people were affected by it. .

[yota691]

Important announcement of the Ministry of Finance for salaries

•  Time: 10/23/2020 21:55:34
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•  Read: 77,467 times

  

{Baghdad: Al Furat News} The Ministry of Finance affirmed its commitment to work to secure the salaries of employees and retirees and social care.

A statement by the ministry stated that the Al Furat News Agency received a copy of it that it "works diligently to ensure that all government obligations are fulfilled and on time, and on top of those obligations are the salaries of state employees, retirees and social welfare."
He added, "It is no secret to the Iraqi public opinion that the ministry is making these efforts under exceptional circumstances and a financial crisis beyond the control of the government, represented by the sharp decline in oil imports, the Corona pandemic and its domestic and international effects, in a manner that exacerbated the lack of liquidity available to the state, especially with the unplanned expansion." His staff numbers over the past year. "
The Finance pointed out that, "To address this shortage of financial liquidity, the Iraqi government sought to obtain parliamentary legislation that would enable it to borrow internally and externally, and the funds available through internal borrowing amounting to 15 trillion dinars were used until the end of last month to finance salaries and meet other basic expenses, especially What is related to health and security, while the use of international loans was limited to financing development projects. "
She confirmed that she "is currently preparing a detailed road map to finance basic expenditures for the remaining three months of the current year, and we will present it soon to the House of Representatives." In full. "
The Finance Ministry said that it "will go to the option of borrowing now because the structural weaknesses in public finances, which affect revenues and expenditures, can only be corrected after major reforms are undertaken."
And she continued, "The ministry is also preparing for the 2021 budget draft in a manner that addresses the accumulated financial and economic challenges that burden the country," indicating that "the circumstances the country is currently going through stress the urgent need for political and societal forces to come together, and to work together responsibly to achieve security and stability," To move Iraq towards the prosperity and development its patient people deserve. "
Ammar Al-Masoudi

[yota691]

Al-Rasheed announces the payment of a new meal from the predecessors of employees, retirees and internal employees

14:25 - 10/29/2020

 

  

The information / Baghdad ..
Al Rasheed Bank announced, on Thursday, that a new meal will be lifted from the predecessors of employees of government departments, the Ministry of Interior, and retirees whose salaries are settled at the bank and
called on the media office of the bank in a statement received / the information /, “All beneficiaries who will send text messages with the amount to review its branches or Electronic payment outlets to receive the advance.
The statement indicated that "the bank continues to promote the advances of state employees, retirees and employees of the Ministry of the Interior." End / 25

[yota691]

Iraqi Ministry of Finance reveals the reason for the delay in October salaries

Archives

 October 30, 2020 05:33 PM

 

Mubasher: The Iraqi Ministry of Finance revealed the reason for the delay in paying salaries for the month of October.

The ministry stated in a statement today, Friday, reported by the Iraqi News Agency (INA), that last week witnessed the making of a number of public statements and inquiries that were raised regarding the delay in paying the salaries of October, and this comes in the wake of the delay in paying the salaries of September.

He added that the Ministry of Finance has repeatedly confirmed that the government's current revenues, in light of the low oil prices and Iraq's commitment to OPEC decisions related to reducing oil production, are insufficient to meet the government's current expenditures.

And he indicated that "at the present time, monthly oil revenues are less than 50% of the government's current expenditures, and we expect this situation to continue in the near future."

He continued that "to address the structural imbalances in public finances, the Ministry of Finance has embarked on a three-pronged program to address short, medium and long-term issues that affect the Iraqi economy," noting that "for the very short period, from now until the end of 2020, the Ministry does not see Financial has no choice but to resort to short-term loans from state banks, which will then be deducted from the central bank. "

He pointed out that "all other options, such as increasing revenues from customs, taxes or levies from the electricity sector, are simply not possible in the short term, despite the necessity to rationalize and activate the generation of other non-oil revenues, such measures will not compensate, in the short term." , On the shortage of oil revenues, given the structure of our economy, and all other measures related to the management of public sector payrolls require legislative approval before they are translated into spending cuts or revenue generation.

The statement pointed out, "The ministry does not seek to increase the public debt unless it is necessary and its service is sustainable," explaining that "Iraq's debt at the present time is not excessive compared to the size of its economy, and public debt in the world has grown tremendously during the past twelve months, to address The negative consequences of the Corona pandemic, and at the global level, public debt as a percentage of GDP is close to 100 percent, and in Iraq it is still less than 75 percent of GDP.

On the borrowing law, the statement pointed out that "Finance has asked the House of Representatives to authorize it to borrow 41 trillion dinars for the remainder of the current year to meet the deficit in financing payments for salaries, retirement, dues in 19 and 20 and other expenditures and investment projects, and the ministry plans to introduce major reforms that affect public finances In the 2021 budget, "explaining that" if it is approved by the Council of Ministers and the House of Representatives, we believe that it will form the basis for addressing the economy issues in the medium term and rationalizing public finances during the period from 2021 to 2023.

[yota691]

Parliamentary Finance determines the date for paying employees' salaries

17:29 - 10/31/2020

 

Information / Special ...

The Parliamentary Finance Committee set, Saturday, the date for paying employees' salaries for the month of October.

A member of the committee, Abdul Hadi Al-Saadawi, said in a statement to Al-Maaloumah, that “the first week of next month the salaries of employees will be released according to the government's statements,” noting that “the Finance Committee is awaiting the government's response to the statements of the official spokesman of the Prime Minister Mustafa Al-Kazemi regarding the availability of alternatives to disbursement. Employee salaries.

He added that "Parliamentary Finance possesses a paper to address the financial situation for a period of six months," noting that "the government is still continuing illegal spending and there is a violation of the disbursement of funds to Kurdistan."

The Parliamentary Economy Committee confirmed, today, Saturday, that the Ministry of Finance informed the House of Representatives that it had spent 39 trillion dinars for salaries of the past months. 25 T.

[yota691]

The Minister of Finance reveals a possible date for the payment of salaries of employees for October

Economie

2020-11-01 | 14:46

 

58,085 Views

 

The Minister of Finance, Ali Abdul Amir Allawi, confirmed, on Sunday, that the salaries of employees in October may be paid after two weeks if the deficit financing law has not passed, while he indicated that the majority of employees are not covered by the proposed deduction.

Allawi said in an interview carried by the Iraqi News Agency, "The financial crisis that the country is going through is not a newborn today and reducing its share." Iraq Of oil exports have an impact on revenues. "

 

He added that "options to maximize revenues quickly and in the short term in order to bridge the deficit are almost impossible," stressing that "the current government faced the crisis without financial liquidity."

 

 

 

Allawi pointed out that "the salaries of employees for the month of October may be paid after two weeks if the deficit financing law has not passed," considering that "if the parliament votes on the deficit financing law, salaries will be released directly."

 

He pointed out that "the 41 trillion amount contained in the deficit financing law will secure salaries until the first two months of next year," noting that "the majority of employees are not included in the proposed deduction, but rather include allocations for specific groups."

 

 

He added that "the 2021 budget does not include job grades, but there is the possibility of investing in the degrees of deletion and creation," revealing "a tendency to collect the retirement of workers in the private sector with the national retirement with unifying the years of retirement and deductions."

[yota691]

Iraqi Labor launches social assistance salaries for the month of November

The amount of the subsidy reaches more than 214 billion dinars for 2020

 02 November 2020 11:35 PM

Mubasher: The Iraqi Ministry of Labor and Social Affairs announced, today, Monday, the launch of social aid salaries for the current month of November. 

The ministry said in a statement on its official Facebook page, that despite the financial conditions and challenges that our country is facing at the present time, Minister of Labor Adel Al-Rikabi has directed the release of social aid salaries to more than a million and (300) thousand families benefiting from Baghdad and the provinces except for the Kurdistan region.

And Iraqi Labor reported that the amount of the subsidy amounted to more than 214 billion dinars for the year 2020.

She added that the number of families headed by a man (963676) families amounted to more than (161) billion dinars, while the number of families headed by women (430260) families amounted to more than (52) billion dinars. Review the exchange outlets to receive the salary.

[yota691]

Parliamentary assurances that employees' salaries will be distributed soon

Wednesday 04th November 2020 56

 

  Baghdad: Ahmed Abd Rabbo

 

The Parliamentary Finance Committee assured the employees that their salaries would be distributed within a week or less, while stressing that borrowing is not a permanent solution.

A member of the committee, Faisal Al-Issawi, stated in a press statement that "next month's salaries, up to the middle of next year, are not the basis of the problem," noting that "the problem is related to our economic strategy and where it is heading under these circumstances."

He added that "the borrowing step solves the problem of salaries for a month or two, but it is not a logical solution to the problems of the coming years." .

Al-Issawi pointed out that "the survival of this method in distributing salaries and legislating huge budgets in the hundreds of billions without making a difference to the citizen is a big mistake that should be addressed."

[6ly410]

The Minister of Finance determines the date of payment of salaries

Economie

2020-11-04 | 09:12

 

https://www.alsumaria.tv/news/اقتصاد/363401/وزير-المالية-يحدد-موعد-دفع-الرواتب

 

Finance Minister Ali Allawi set, on Wednesday, the date for paying salaries, while pledging not to repeat the delay in paying salaries.

Allawi said in a statement to the official channel, "We will be able to pay salaries at the end of next week if the borrowing law is approved in next Monday's session."


Allawi pledged to "not repeat the delay in disbursing salaries if the borrowing is approved by the House of Representatives."

 

Last Sunday, Finance Minister Ali Abdul Amir Allawi confirmed that employees ’salaries in October may be paid after two weeks if the deficit financing law has not passed, while noting that the majority of employees are not covered by the proposed deduction

[yota691]

The launch of the retirement salaries for the month of November 2020 ... expanded

Thursday 05, November 2020 13:09 | Political Views: 347

Baghdad / NINA / The Ministry of Finance announced the launch of the payment of salaries of civilian and military retirees for the month of November 2020 and through official exchange channels (banks and electronic payment channels).

The National Retirement Authority called on retirees to verify the amount received and the salary bill before leaving the exchange outlet. / End 5

[yota691]

THE MINISTRY OF FINANCE LAUNCHES THE SALARIES OF RETIREES FOR THE MONTH OF NOVEMBER

1 hour ago246

 

Today, Thursday, the Ministry of Finance announced the launch of civil and military retirement salaries for the month of November 2020.

"The Ministry of Finance and the National Retirement Authority announce the launch of the salaries of civilian and military retirees for the month of November 2020 and through the official exchange channels (banks and electronic payment channels)," the ministry said in a brief statement received by Al-Naba.

The ministry required retirees to verify the amount received and the salary bill before leaving the exchange outlet.

Iraq is witnessing a stifling financial crisis, which led to a delay in the release of salaries of employees beyond the scheduled date for more than two weeks, which aroused the discontent of citizens.

[yota691]

The Ministry of Finance announces the launch of the salaries of retirees for the month of November

•  Time: 11/05/2020 12:44:26
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•  Read: 7,553 times

  

{Baghdad: Al Furat News} The Ministry of Finance / National Pension Agency announced the launch of the salaries of civilian and military retirees for the month of November 2020 and through official exchange channels (banks and electronic payment channels).

A statement of the Information Office of the Minister of Finance called on "Al Furat News" agency, a copy of it, that "retirees must verify the amount received and the salary bill before leaving the exchange outlet."
It is noteworthy that the salaries of retired people were five days behind schedule due to the financial crisis in the country, and the government has not yet acted on the lack of liquidity.
Ammar Al-Masoudi

[yota691]

Economist: The government has funds to launch last month's salaries

 

Employees in one of the real estate registration departments

money and business  Economy News - Baghdad The economist, Dr. Safwan Qusay, confirmed that the first borrowing law covers employee salaries until the end of this year. Qusay said that the salaries of last October, the government is ready to pay, because the cash is at the Ministry of Finance. He added that the current confusion caused the reduction of spending by citizens, which led to a decline in the contraction in the private sector, noting that monetary policy is working to avoid Iraq, the region of deflation, and to pump money through loans.

Number of observations: 114   Date of addendum 11/8/2020

[yota691]

Launching employee salaries before passing the disability law

Tuesday 10 November 2020 127

 

  Baghdad: Hoda Al-Azzawi 

 

Yesterday, Monday, the agreement between the legislative and executive authorities raised the ceiling of hopes that the Ministry of Finance would release employees' salaries soon, before the fiscal deficit law was enacted in Parliament. 

This agreement comes in light of the continuing controversy between the two authorities over the draft law, which revolves especially around the amount of the loan that was submitted by the Ministry of Finance.

The Ministry of Finance released the salaries for the month of September, despite its apology for securing the sums, while Finance Minister Ali Allawi is awaiting a lawsuit due to the delay in salaries.

The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, revealed to "Al-Sabah" that a consultative meeting was held between Prime Minister Mustafa Al-Kazemi and the Finance Committee in the House of Representatives, indicating that "it was agreed to pay the salaries of employees before the vote on the fiscal deficit law at the end of the week."

He stated that "a committee has been formed between the government and parliament to study urgent problems and developments and discuss them to come up with good solutions to the economic situation." 

For his part, House of Representatives member Mansour Al-Baiji explained that the government is able to disburse the salaries of employees for the months of October and November, if the launch is delayed until the middle of this month.

He added that "the borrowing law submitted by the government is greatly exaggerated and will lead the country to holding back debt for several generations. Therefore, it cannot be approved without reducing borrowing to meet the actual need to cover salaries and basic matters of the country."

"The delay in legislating the borrowing law will push us to work more in coordination with the concerned authorities to release the salaries of employees for two consecutive months, which are October and November," Al-Buaiji added.

He pointed out that "employee salaries are a duty and entitlement, and the government must pay them without delay, because this matter will harm a large segment of the people, and this is what we do not accept completely."

The Iraqi Teachers Syndicate filed a lawsuit with the Supreme Judicial Council, against Minister of Finance Ali Abdul Amir Allawi, for stopping salaries. 

The union called on the judiciary to issue a state order to pay teachers ’salaries for the months of October and November.