Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


"Finance" indicates the reason for the delay in September salaries. "Iraq is money-free"

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 189661
Join date : 2012-12-21

"Finance" indicates the reason for the delay in September salaries. "Iraq is money-free" Empty "Finance" indicates the reason for the delay in September salaries. "Iraq is money-free"

Post by rocky on Mon 28 Sep 2020, 8:02 am

"Finance" indicates the reason for the delay in September salaries. "Iraq is money-free"
Economy
[You must be registered and logged in to see this image.]

Salaries of employees
 2020-09-27 05:38
  
Shafq News, the parliamentary finance committee, on Sunday attributed the delay in employees' salaries for September to "lack of sufficient cash flow," noting that borrowing by the government again would be conditional.

"The reason for the delay in salaries of employees for September is the lack of sufficient cash," Mp Hanin Kaddo told Shafq News, adding that "parliament has already authorized the government to borrow in order to get 15 trillion Iraqi dinars in order to distribute it as salaries for three months, but this amount has been implemented, and it has been distributed as salaries to employees, retirees and social welfare."

"The government will again go to borrow, but this borrowing is governed by a condition," he said, adding that the condition was that "the government will submit the draft economic reform bill it has previously pledged to submit."

"Without real economic reforms and iraq's burden on domestic and external debt, this will result in the inability in the coming period to pay salaries to employees, as well as retirees and social welfare people," he said.

"The parliament has not yet received the reform paper so that we can have new financial resources in the coming months, and this is a big problem that we face so far," Kaddo said.

A source in the Iraqi Ministry of Finance revealed on Saturday that the salaries of the month of September were fully secured with the ministry, noting at the same time that the delay in the payment of salaries due to technical problems with the technology of transferring funds from the central bank to the account of ministries, institutions and state departments in banks.

The Central Bank of Iraq responded to the Ministry of Finance, saying it was ready to receive salary payment notices, saying that "there are no technical or technical problems."  

Iraq has been struggling to secure the salaries of employees and retirees for months as oil prices on the world market fall as a result of the Corona pandemic.
[You must be registered and logged in to see this link.]

Proven likes this post


    Current date/time is Tue 27 Oct 2020, 5:17 am