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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

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Established in 2006 as a Community of Reality

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    The Minister of Finance resolves the controversy over the employee salaries crisis: There is no exch

    Rocky
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    Minister - The Minister of Finance resolves the controversy over the employee salaries crisis: There is no exch Empty The Minister of Finance resolves the controversy over the employee salaries crisis: There is no exch

    Post by Rocky Sun 04 Oct 2020, 10:08 am

    [size=30]The Minister of Finance resolves the controversy over the employee salaries crisis: There is no exchange without borrowing[/size]
    2020.10.04 
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    Baghdad - People  
    Finance Minister Ali Abdul-Amir Allawi said that paying employees' salaries is a matter related to the House of Representatives voting on the borrowing law, stressing that this step will address the current deficit in the country.  
    Allawi added, in a statement to the official agency, followed by "People" on Sunday (October 4, 2020), that "the salaries of retirees for the current month were launched without any problem, pointing out that the salaries and allowances of employees will be launched during the next few days or weeks."  
    He added, "The amounts will be available if the House of Representatives approves the borrowing law," stressing that "the borrowing law is very important because it meets the financial needs of the state and addresses the deficit in the budget."  
      
    Earlier Tuesday, a member of the Parliamentary Finance Committee, MP Muhammad al-Darraji, held the previous government responsible for not submitting the 2020 budget, revealing that Iraq's foreign debts amounted to 120 trillion, except for war compensation.  
    Al-Darraji said in a televised interview on the official channel, with colleague "Karim Hammadi" and his follower, "People" (September 8, 2020), that "presenting the budget is a constitutional requirement," explaining that "the resigned government failed in not presenting the budget."    
    Al-Darraji added that "the budget, which is currently prepared not for three months, but rather for the year 2020," revealing that "the external debts amounted to 120 trillion, except for war compensation."    
    Al-Darraji pointed out that "we have obligated the government to present a reform paper in exchange for borrowing," noting that "the Central Bank sold 27 billion dollars at its auction this year."    
    Al-Darraji said that "customs imports since the beginning of this year are only 490 billion dinars," adding that "148 trillion dinars are the value of the 2020 budget."    
    He stressed that "the revenues of the 2020 budget amount to 67 trillion dinars, with the price of a barrel of oil at 40 dollars," noting that "the decision of 175 from the previous government caused a loss of 4 trillion dollars."    
    Al-Darraji promised that "borrowing leads to bankruptcy in the future," pointing out that "job grades were transferred to the 2021 budget, and employees who were referred to retirement during the year 2020 did not fill their ranks."    
    On the election file, Al-Darraji said that "the upcoming elections are pivotal in the history of Iraq," noting that "the thinking of political forces is to stay in power in various ways."    
    Al-Darraji added that "the United Nations' rejection of the results of the upcoming elections will make the international community reject its outputs, and thus the elections will lose their legitimacy," adding that "political forces interfere in the work and appointments of the commission."  








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