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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Localizing the salaries of Kurdistan employees forces Iraq to “not commit” to reducing oil productio

    Rocky
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    Localizing the salaries of Kurdistan employees forces Iraq to “not commit” to reducing oil productio Empty Localizing the salaries of Kurdistan employees forces Iraq to “not commit” to reducing oil productio

    Post by Rocky Thu 22 Feb 2024, 5:02 am

    Localizing the salaries of Kurdistan employees forces Iraq to “not commit” to reducing oil production
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    Baghdad today - Baghdad
    Today, Thursday (February 22, 2024), economic expert Nabil Al-Marsoumi revealed the economic dimensions of localizing the salaries of the region’s employees in government banks.
    Al-Marsoumi said in a clarification received by “Baghdad Today” that “the Sulaymaniyah employees won the lawsuit that was filed before the Federal Court, which issued a decision to settle the salaries of the region’s employees in government banks, which is a very important decision that will lead to achieving job stability in Kurdistan and will revive economic life there.” “By enhancing effective aggregate demand, which depends mainly on employee salaries, which amount to 775 billion dinars per month, which will stimulate local production of goods and services.”
    He added, "This decision requires the central government not to commit to the second voluntary reduction that Iraq committed to in OPEC Plus and to maintain a level of oil exports of no less than 3.5 million barrels per day so that the deficit in the 2024 budget does not worsen."
    He continued: "Even if an agreement is reached with Kurdistan to resume the export of Kurdish oil through the Turkish port of Ceyhan, this matter will not change anything because it will lead to a reduction in production and then oil exports south via the sea to about 3 million barrels per day in line with Iraq's share in OPEC Plus." .
    Yesterday, Wednesday (February 21, 2024), the Federal Court considered delaying and withholding the salaries of the region’s employees a violation of rights, while affirming that the decision to localize the salaries of the region’s employees was “final and binding.”
    The Federal Court confirmed, in a statement received by “Baghdad Today”, “obligating the defendants, the Prime Minister of the Federal Government and the Prime Minister of the Kurdistan Region of Iraq, to ​​provide salaries for members of all ministries, governorates, and entities not affiliated with a ministry, and all employees of other government agencies, retirees, and beneficiaries of the social protection network at banks.” The federal government operating outside the region is deducted from the region’s share specified in accordance with the budget law for this year and for the coming years and for each of the aforementioned entities in the region and its sub-districts.”
    The statement added: “Direct coordination with the Federal Ministry of Finance to implement this and approach it regarding resettlement without referring to the representation of the Kurdistan region, and all banks affiliated with the first defendant must facilitate the resettlement process and follow all necessary means for the possibility of the beneficiary being an employee or assigned to a public service or a retiree or a beneficiary of the social protection network.” On his salary at his place of residence through the outlets spread in the region or the banks open in the region licensed by the Central Bank of Iraq.
    He pointed out that "the highest official within the above-mentioned entities, ministries, entities not affiliated with a ministry, and all government formations bear responsibility for the accuracy of the data sent for the purpose of nationalization regarding the number, job grade, amount of salary or wage, and beneficiary information, and it shall be signed by the supreme president, the director of financial auditing, the director of the financial department, and the director of the human resources department." “Provided that the first defendant, the Prime Minister of the Federal Prime Minister, launches financing the salaries of employees in the region after resettlement and does not finance them through loans.”
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