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[You must be registered and logged in to see this image.]Friday, April 3, 2020 - 3:55 GMT
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Member of Parliamentary Finance Committee Ahmed Al-Saffar called yesterday, Thursday, to remove the compulsory savings proposal from the employees salaries.
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The Iraqi News Agency (INA) reported that Al-Saffar said in a special statement to the agency, "The proposal of the Parliamentary Economic Committee to implement the compulsory saving system is an unsuccessful proposal," calling for "the removal of employee salaries from it."
He added, "The government has special options for financial policy and can coordinate with the central bank as responsible for monetary policy by using the solutions available in crises," explaining that "the savings system is difficult to implement at this time due to preoccupation with the Corona virus and curfews."
He pointed out that "this system requires deduction of part of the employees salaries and recovery of them at another time, and the percentage of this deduction is large according to the proposal of the Economic Committee."
Al-Saffar continued, "Preserving the restructuring of the budget must be in other ways, such as restructuring the spending sections, controlling expenditures and using the surplus from the 2019 budget, or imposing bonds on private and governmental banks, but away from the salaries of employees, all of which will be more feasible solutions."
Member of the Parliamentary Economic Committee MP Mazen Al-Fili presented 14 proposals due to the difficult economic conditions of increasing challenges, most notably the low oil prices, the global recession, and the Corona pandemic, including reducing salaries of those with the rank of general manager and above by (60%) and allocated to include additional numbers in the social welfare network Those who do not have a monthly income and a compulsory saving requirement in government bonds for employees whose salaries exceed three million and 20% of their salaries and at an interest rate that is met when the country's economic conditions improve.
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