What is the fact that 6 trillion dinars of Iraqi salary borrowing is missing?

by **Rocky** Thu 01 Oct 2020, 10:45 am

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What is the fact that 6 trillion dinars of Iraqi salary borrowing is missing?

by Rocky Thu 01 Oct 2020, 10:45 am

What is the fact that 6 trillion dinars of Iraqi salary borrowing is missing?
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2020-10-01

Shafq News/ The decision of the parliamentary finance committee Ahmed Al-Saffar revealed Thursday the fact that 6 trillion dinars of borrowing money allocated to finance employees' salaries has disappeared.

"The parliament voted to borrow 15 trillion from Iraqi banks to finance the salaries of employees for the months of July, September and September at the request of the Ministry of Finance, but 6 trillion dinars of borrowing were not disbursed within the salary of employees, but may have been disbursed for emergency financial matters, debts or other part of necessity, which has not yet been revealed to us," al-Saffar told The Shafq News agency.

Al-Saffar denied any accusations by the Finance Ministry of overspending on borrowing, theft or corruption, stressing that the current finance minister is working professionally and academically as we have seen in recent periods.

Al-Saffar said Iraq's fiscal deficit was 3 trillion dinars a month, according to official figures.

"It's a matter of the Ministry of Finance and no rights will be lost to the employees, even though the ministry has not answered the questions yet," he said.

"Securing the salaries of the coming months will depend on new borrowing or the approval of the 2020 budget as soon as possible, despite the delay of the government sending the 2020 budget to parliament, and we are determined to approve it, but the budget has not yet reached us," he said.

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