Parliamentary Economy: Most of the new employees are without salaries and the government will resort to external borrowing
19:33 - 02/19/2020
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The Parliamentary Economic Committee confirmed, on Wednesday, that most of the new employees did not fully secure their salaries, while it indicated that the government will face a major financial problem during the 2020 budget that will push it towards external borrowing.
Committee member Nada Shaker said in a statement to "Information", that "the government did not secure salaries for most of the new employees in all ministries", pointing out that "contract employees in the Ministry of Oil and lecturers in the Ministry of Education and contract employees in ministries and other institutions have not secured their salaries yet ”
She added that "the job grades that the government launched to address the crisis of demonstrations in an unplanned manner caused a high percentage of the fiscal deficit in the 2020 budget", indicating that "the government will resort to external borrowing to meet the budget deficit, because internal borrowing is not sufficient to meet all the government's obligations."
And the Parliamentary Finance Committee expected, earlier, that the size of the financial deficit within the draft federal budget law for 2020 will exceed 50 trillion Iraqi dinars, while it indicated that the 2020 budget will only cover the operational part related to employee salaries. T 25 is over