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


No reassuring comment on salaries: 3 "strict" amendments affecting the financial borrowing law befor

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 189676
Join date : 2012-12-21

No reassuring comment on salaries: 3 "strict" amendments affecting the financial borrowing law befor Empty No reassuring comment on salaries: 3 "strict" amendments affecting the financial borrowing law befor

Post by rocky on Thu 22 Oct 2020, 2:20 pm


[size=30]No reassuring comment on salaries: 3 "strict" amendments affecting the financial borrowing law before it was passed ... "reducing expenditures" is topped by


2020-10-22
[/size]
[You must be registered and logged in to see this link.]
Yes Iraq - Baghdad
A member of the Parliamentary Finance Committee, Sherwan Mirza, confirmed, Thursday (October 22, 2020) that the fiscal deficit financing law (the borrowing law) will be approved in the House of Representatives after making 3 amendments.
Mirza said, in a televised interview: "Iraq suffers from a real financial crisis, and all parties, representative government and cabinet, must cooperate to get out of it."
He stressed that "the fiscal deficit financing law has several observations, the most prominent of which is the request to finance the large financial deficit, which amounts to 41 trillion, in addition to the huge size of expenditures, but I believe they are forced to vote on it after making important amendments, including reducing the deficit, reducing expenditures further, and maximizing non-oil revenues."
Mirza added, "The first reading of the law on financing the fiscal deficit will be put on the agenda of the next Saturday session," noting that "the file of the distribution of salaries and setting the date for their disbursement is the responsibility of the government, not parliament, but in the end, the law on financing the financial deficit must be amended and reduce expenditures and financial deficits."
Yesterday, Wednesday, a spokesman for the Iraqi Prime Minister, Ahmed Mulla Talal, confirmed that employees' salaries cannot be covered without borrowing.
Mulla Talal said in a press statement, yesterday evening, Wednesday, saying: "If Parliament does not approve the law to cover the financial deficit, salaries cannot be paid to employees."
He added, "The government works according to the law, and no dinars can be spent without there being a law, and the government has sent the fiscal deficit law to the House of Representatives to legally cover the disbursement of salaries."
He continued, that domestic borrowing may be a "negative" event for any government, especially with the large and many loans at the neck of the Iraqi government, but it was forced and forced to this option, because it has no choice but to pay salaries, due to the financial crisis, low oil prices and the Corona pandemic.
He continued, "There is no liquidity with the government except by borrowing and covering the fiscal deficit. It has gone in this direction obliged, and it cannot secure salaries unless this law is approved."
The government has submitted a borrowing law to the House of Representatives, where it needs about 40 trillion dinars for the remaining months of 2020.
[You must be registered and logged in to see this link.]

    Current date/time is Tue 01 Dec 2020, 3:17 pm