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The "white paper" .. The Iraqi parliament signals a single solution to the salary crisis

rocky
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Parliament - The "white paper" .. The Iraqi parliament signals a single solution to the salary crisis Empty The "white paper" .. The Iraqi parliament signals a single solution to the salary crisis

Post by rocky on Wed 07 Oct 2020, 3:11 pm

[size=52]The "white paper" .. The Iraqi parliament signals a single solution to the salary crisis[/size]

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The Finance Committee of the Iraqi Parliament confirmed today, Wednesday, that the solution to the Iraqi state employees' salary crisis is through the approval of the "white reform paper".

[size=45]Committee member Naji Al-Saeedi said, "The white reform paper expresses economic reform in the aspect of fiscal and monetary policy," indicating that "this paper includes creating real economic resources to consolidate the existing financial resources and reduce unnecessary existing spending."

[size=45]Al-Saeedi explained that this "helps in finding additional revenues for the budget and reducing the deficit, which will positively affect the provision of employees' salaries and secure them during the coming period."[/size]
[size=45]Al-Saeedi indicated that "the white reform paper expresses a future vision for the Iraqi government, in cooperation with the House of Representatives in order to end the employee salaries crisis, as well as other financial and economic crises, and this paper is not part of the solution but rather the entire solution."[/size]
[size=45]He added that "after the approval of the white reform paper during the coming period, its implementation will be followed up by the Iraqi parliament, and we will see how serious the government is implementing what was mentioned in this paper, and on the contrary, we will have a position."[/size]
[size=45]On June 22, 2020, Prime Minister Mustafa Al-Kazemi announced the preparation of what he called the "White Paper", which includes economic, financial and administrative reforms, and it is scheduled to be sent to the Iraqi Parliament for the purpose of discussion.[/size]
[size=45]The government of Iraqi Prime Minister Mustafa Al-Kazemi is facing increasing criticism for its inability to secure sufficient liquidity to pay the salaries of state employees, which may expose it to tremendous pressure in the coming months.[/size]
[size=45]By the end of a week in October, the government had yet to disburse employee salaries for the month of September.[/size]
[size=45]The Iraqi government is struggling to secure employee salaries and other operating expenses due to the collapse in oil prices due to the Corona pandemic, which has crippled large sectors of the world economy.[/size]
[size=45]The country relies on revenues from selling crude to finance 95 percent of state expenditures.[/size]
[size=45]The revenues from oil sales amounted to about $ 3.1 billion in September, while the monthly salaries of state employees in Iraq are about $ 5.5 billion.[/size]
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    Current date/time is Fri 04 Dec 2020, 12:52 pm