Parliamentary Economy: The government is able to secure employee salaries for the current and next month
18:23 - 14/14/2020
[You must be registered and logged in to see this link.]
Information / private ...
The Parliamentary Economic Committee revealed, on Tuesday, the possibility of the federal government to secure the salaries of employees for the month of April and May next fully after the last OPEC meeting.
The committee member, Mithaq Al-Hamedi, said in a statement to "Information", that "the government is able to secure the salaries of all employees, including contracts and the daily wages for the month of April and next May after the OPEC meeting and the results that came out with it," pointing out that "the government may face a problem in securing The salaries of employees during the month of June next if the world oil prices continue to fall and collapse.
She added that "the government is looking for alternatives to secure the salaries of employees and may resort to internal borrowing from government and private banks," noting that "the government has no intention at this time to go towards external borrowing to fill the current financial crisis."
Yesterday, Monday, the Parliamentary Labor and Social Affairs Committee revealed that the salaries of 3 thousand contract employees and daily wages in the Najaf governorate had stopped, asking the Finance Ministry to launch advances to secure employee salaries.
The economist, Majed Al-Suri, confirmed the day before yesterday, Sunday, that the government will be unable to secure the salaries of employees for the next month of May in light of the drop in oil prices, while that reducing oil production to ten million barrels will not achieve high prices because the demand suffers from a severe decline. It ended 25 T.