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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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    What is the future of salaries during the current year and the next, and is the crisis “dead” or wil

    Rocky
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    • Post n°1

    What is the future of salaries during the current year and the next, and is the crisis “dead” or wil Empty What is the future of salaries during the current year and the next, and is the crisis “dead” or wil

    Post by Rocky Tue 18 May 2021, 7:36 am


    [size=30]What is the future of salaries during the current year and the next, and is the crisis “dead” or will it return?

    2021-05-18
    [/size]
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    Yes Iraq: Baghdad

    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, considered that the salaries of employees and retirees and social welfare are insured during the current and next two years, indicating that there is stability in the financial flow.
     
    Salih said that "the cash presence of the Iraqi government at the present time is at its best," noting that "the average price of a barrel of oil today is about $ 60, and the obligations payable have been performed regularly, and the cash liquidity is high."
     
    He added that "the budget was hedged with internal borrowing for fear of facing any liquidity shortage," noting: "If the default price in the budget is $ 45 and the real price is $ 60, there will be a difference to cover the requirements on the basis of financing the deficit by borrowing."
     
    He added, "There are pessimistic theories that assume that there are other payments and that non-oil revenues are still low. They are taken into consideration that oil revenues are recorded in one form, and the truth is another form." The remaining% of the revenues are non-oil, but in practice this thing has not been achieved, so there is a gap covered by borrowing.
     
    He emphasized that “the economic situation in general is reassuring, and there is no fear for it in light of the current circumstances,” pointing out that “the most prominent economic challenges are the coincidence of the election date 10/10 with the date of submitting the draft of the federal budget for 2022 between the Council of Ministers in which the approval of laws becomes disrupted and becomes The government is running a business and between parliament, which is about to be constitutionally expired.
     
    He pointed out that "this matter is worrisome, and we do not know how the elections will end and how the next government and parliament will be formed," explaining that "all these matters are against the approval or delay of the budget."
     
    Saleh stressed that "there is no fear of regular payment of salaries to employees and retirees and social care in light of the regular and high financial flow and budget hedge," noting that "the situation will be comfortable until the end of the year 2022."
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