Retirement revenues of more than 133 billion dinars
15:08 - 22/08/2019
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Information / Baghdad
The Public Pension Department announced on Thursday that it achieved revenues of more than 133 billion dinars, while noting a cash surplus of 84 billion dinars.
The Department, in a statement received / information /, a copy of it, that the number of cumulative projects covered by the provisions of the Law on Retirement and Social Security for workers up to 30-6-2019 amounted to (66,320) thousand projects, while the number of cumulative workers covered by the provisions of the law (232,882) workers ”.
She added that "total revenues amounted to more than (133) billion dinars until 30-6-2019, an increase of (33%), while the total expenditure of the department about (49) billion dinars."
She continued that “the Department achieved a cash surplus of about (84) billion dinars, or 63% of the total revenues, while the cumulative debt until 31-12-2018 more than (50) billion dinars, as achieved security departments in the provinces (Nineveh An Najaf, Dhi Qar, and Baghdad) increased debt collection, while debt collection rates for Anbar, Salah al-Din and Babil declined.
She pointed out that `` the Department recorded an increase in the number of new incomes by (14%) compared to the same period in 2018, where the number was (3033) projects and became (3459) projects, while recorded an increase in the number of new secured workers by (39%) compared The same period for 2018, where the number (19347) factor and became (26936) factor guaranteed.