Saleh: Iraq needs 54 trillion dinars during the next eight months
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that [You must be registered and logged in to see this link.] needs 54 trillion dinars during the next eight months.
Saleh said in a press statement, "One of the current scenarios to address the financial crisis is to give salaries only with some necessary expenses such as medicines, and we need 54 trillion dinars during the next eight months."
He explained that "the deficit in the scenario closest to its implementation amounts to 34 trillion dinars, and Iraq includes 4 million employees, 4 million retirees and 1.3 million who have social welfare, and they all earn 63 trillion dinars annually."
He added that "8 million workers in the private sector will be affected negatively after the decline in state revenues and 2 million families do not receive any income from the government."
He stressed that "there is no decision to reduce salaries or compulsory savings, as for Iraqi oil, it is sold for 15 dollars now," and he asked the Finance Ministry to "take its debts from the telecommunications companies."
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