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Parliamentary Finance: The country's fiscal deficit is 6 trillion dinars per month

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Minister of Labor: 24,000 people proved to have double salaries

Economy News _ Baghdad

Minister of Labor and Social Affairs, Adel Hashouch, revealed, on Tuesday, that there are about 24,000 people receiving double salaries from various state departments, indicating that these numbers represent less than half of the departments.
“As a result of our ministry’s investigation, the number of people who receive double salaries has reached 24,000 people, whether they are employees or retirees from various state departments,” Hasushosh said in a statement reported by the Iraqi News Agency (INA) and seen by Al-Iqtisad News.
He added, "The Ministry of Labor and Social Affairs has not yet completed scrutinizing the issue of double-wages for those who are employees and retirees and receive at the same time social protection benefits or the salary of a full-time employee, and it is continuing its procedures."
He pointed out that "there are a number of employees and retirees who, through their review of state departments and ministries, admitted that they receive aid salaries or full-time appointees in addition to their government salaries, and these exceeded nearly five thousand people," pointing out that "the process of intersection continues with the various independent ministries and bodies, as no The ministry completes less than half of the state departments, and we are in the process of completing this process.
Hashush called for "ministries and government departments to cooperate with the Ministry of Labor and Social Affairs in order to complete the intersection of data for the detection of double salaries," stressing, "recovering amounts amounting to 8 billion dinars so far."
As for the employment initiative launched by the Prime Minister’s Office, the Minister of Labor emphasized that “the submission is not for our ministry, but rather on a website affiliated with the Prime Minister’s Office,” noting that “there are no details on the number of advanced numbers, but there is a database with the ministry. About one million and 600 thousand unemployed people in Iraq are registered with all qualifications, whether they have or without degrees, and among them are holders of higher degrees.


Number of observations 38   Date of addendum 10/27/2020

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Representative economics: The deficit financing law will be reconsidered before it is presented to a vote

14:34 - 10/27/2020

Information / Special ...

The Parliamentary Economic and Investment Committee confirmed, on Tuesday, that the law on financing the deficit with salaries will be reviewed before it is presented to a vote, while it indicated that the coming sessions will be free of the deficit financing law.

Committee member Yahya Al-Ithawi said in a statement to Al-Maalouma that "the government needs 3 trillion per month to secure salaries, as the total amounts for three months are 9 trillion dinars only," pointing out that "the deficit financing law cannot be passed in the current form as the sums it requested The government is 41 trillion dinars, and this is an exaggeration.

He added that "the law will be reviewed before it is presented to the vote and the second reading," indicating that "the agenda of the next sessions will be free from the law on financing the fiscal deficit.

The Parliamentary Finance Committee confirmed, today, Tuesday, that the law on borrowing or financing the fiscal deficit contains large sums that cannot be voted on in the House of Representatives. Ended 25 T.

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A surprise to the employees ... A bank launches a real estate purchase loan of up to 150 million dinars




Yes Iraq: Baghdad

The government, Al-Nahrain Islamic Bank, announced, on Tuesday, the launch of a property purchase service for citizens whose salaries are exclusively with the bank, at a rate of 150 million dinars.

The bank said in a statement that "Yes Iraq" received a copy of it, that "a service for buying a property for a citizen with a salary at the bank has been launched exclusively by 150 million dinars," indicating that "the controls of the property purchase service for a citizen whose salaries with the bank include that the maximum amount of financing is 150 million dinars," The maximum repayment period is 20 years.

The bank added, "The amount of profit is 3% annually, and financing may not be granted for cases of sale between husband and wife."

The bank indicated, “It does not require the presentation of a guarantor if the amount of the financing is less than (40) forty million dinars, either in the case of an increase in the amount from that and up to (75), it requires the submission of one guarantor and demands the provision of two guarantors in the event that the amount exceeds (75) and up to ( 150) ”.مفاجأة-للموظفين-مصرف-يطلق-قرض-شراء-عقا/

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Parliament reveals 150,000 space employees: treating them will save one trillion dinars a month

10:15 - 10/27/2020

The information / Baghdad ..

Committee reporter Ahmed Al-Saffar revealed, on Tuesday, that there are 150,000 double-salary employees, indicating that addressing this issue will save more than one trillion dinars per month.

Al-Saffar said in an interview followed by the information that, “After examining the draft of the fiscal deficit law in the appendix of current expenditures that includes 38 items, we found that some items can be postponed to the 2021 budget to reduce the loan amount that exceeds 41 trillion dinars, stressing that it is impossible to approve it from Before the House of Representatives or the Parliamentary Finance Committee.

Al-Saffar added that "seven items out of the 38 that are obligatory to spend during the next four months, including" employee salaries, retirement salaries, indebtedness and debt benefits, ration card, medicine and a social protection network ", indicating that they are necessary items that the loan should include, and the rest of the items "Current expenditures are transferred to the 2021 budget, to solve the salary problem as soon as possible by adopting the fiscal deficit bill.

And he went on to say that “in the case of providing salaries, the government is obligated to pay the debts resulting from the delay in salaries of employees, and in my estimation, if the government is serious, it will decide in the first week of November the distribution of the salaries of the month of October, and after a week they start to distribute the salaries of the month (11), that is Pay salaries consecutively because the government has no argument in the event that the specified loan amount for the next four months is approved. End / 25

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Al-Kaabi chairs an important meeting of the Finance Committee to discuss a bill to finance the fiscal deficit

Baghdad / NINA / First Deputy Speaker of Parliament, Hassan Al-Kaabi chaired an important meeting of the Finance Committee to discuss the draft law on financing the fiscal deficit. / End 2
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Deputy: We will work to pass a borrowing law to pay salaries and the necessary needs of the state


Al-Noor News / Baghdad
Representative Mansour Al-Baiji affirmed that the House of Representatives will not pass the borrowing law in the form it was sent by the government, but rather that it will make amendments to reduce borrowing and not assign the state large debts that future generations bear.

Pointing out that borrowing is not the solution, and the Iraqi government should go to find other sources of financing, such as the agricultural and industrial sectors, border crossings and mobile phone companies. Therefore, the government must go to activate them and move away from quick solutions such as borrowing.

MP Mansour Al-Baiji said in a press statement, "We will vote for a legalized borrowing law that will not exceed the payment of the salaries of employees and retirees and the salaries of the Social Protection Network. The vote will not be on a borrowing law that gives the government the right to borrow billions, and we do not know where they are going."

Al-Baiji added that we are against the idea of borrowing, but for the utmost necessity, we will vote on it in order to pay salaries to state employees at a time when we stress the government that we are against borrowing and that it must go to other financing projects because we will not allow borrowing that will cause a disaster for the country during the coming period if the government continues in this manner. Without finding a solution to this economic crisis.نائب-سنعمل-على-تمرير-قانون-الاقتراض-لد/

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Al-Kaabi confirms the House of Representatives’s keenness to expedite covering the salaries of employees and retirees


Today, Tuesday, First Deputy Speaker of Parliament, Hassan Al-Kaabi chaired an expanded meeting of the Parliamentary Finance Committee, to discuss the provisions of the draft law on financing the financial deficit transferred by the government, as well as highlighting what was mentioned in the white paper on economic reforms.

Al-Kaabi said, according to a statement received by "Al-Noor News" a copy of it, that "the next stage is the most difficult for our country, Iraq, in economic and financial terms, and this is what forces everyone to pass it in a scientific and thoughtful manner without affecting the citizen's life, livelihood and the source of his income." To expedite the coverage of salaries of employees and retirees, social care, procedures and contracts, while noting that the legislative and executive authorities are partners in the task of finding appropriate solutions to overcome this crisis, which we must use to search for sober treatments and solutions, whether they are temporary solutions related to a financial crisis or solutions related to future economic growth. .

The deputies addressed the most important thing in the aforementioned draft law, demanding that there be numerical data that clarify some details of spending and the size of the total deficit, so that they can be studied before the law is approved in its final form.الكعبي-يؤكد-حرص-مجلس-النواب-للإسراع-بت/

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The Council of Ministers approves the disbursement of financial dues for workers as wages and contracts in water resources

2020-10-27 | 10:20
The Council of Ministers approves the disbursement of financial dues for workers as wages and contracts in water resources

The Ministry of Water Resources announced, on Tuesday, that a decision has been obtained from the Council of Ministers to disburse financial dues for workers as daily wages, contracts, and temporary owners who continue to serve.

The Minister of Water Resources, Mahdi Rashid Al-Hamdani, said that a decision was obtained from the Council of Ministers for the purpose of disbursing financial entitlements to workers as daily wages, contracts, temporary owners, and those continuing to serve in all formations of the Ministry of Water Resources for the previous and subsequent periods.
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 2020-10-26 03:28
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Shafaq News / The International Monetary Fund expected on Monday that Iraq's budget deficit would reach 22% of GDP.

IMF added in a report that the economy may contract by up to 10%, noting that the expected deficit is the worst in the Middle East and North Africa.

It is noteworthy that the World Bank expected in a previous report that the Iraqi GDP per capita will drop to 4282 dollars, the lowest level since 2006.

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Two people were arrested for forging documents for receiving bank transfers in Baghdad




29th October, 2020

The Federal Police Force Command announced, on Thursday, the arrest of two people with the flagrante delicto for forging official documents for the purpose of receiving bank transfers back to other citizens in Baghdad.

The leadership said in a statement that Mawazine News received, a copy of it, that “a force from the First Division Commandos Regiment , in conjunction with the intelligence detachment, managed to arrest two people with the red flag, who committed falsification of official documents in order to receive bank transfers of other citizens.

She added, "The initial investigations showed that the defendants committed a number of previous crimes  of forgery and fraud against citizens and banking offices in Baghdad," indicating that "the defendants were duly handed over to the competent authorities to complete the necessary legal procedures against them."

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      Posted on May 16, 2015by Martin Armstrong  
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    • By Sgwmax
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