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[size=36]Finance denies the existence of a cash liquidity crisis to secure employee salaries[/size]
Economy | 10:53 - 02/25/2024
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Mawazine News - Baghdad
The Ministry of Finance denied today, Sunday, the existence of a cash liquidity crisis to secure employees’ salaries, stressing that there is no truth to what was reported on some television channels.
The Ministry stated in a statement received by Mawazine News: “The Ministry of Finance expresses its astonishment at the claims of some political and media figures regarding the lack of sufficient cash liquidity to secure the salaries of state employees,” noting that “the financial plans prepared by the Ministry within the government program for public spending included taking... Several procedures and measures are in line with what was stated in the amended Federal Financial Management Law No. (6) of 2019 and the Federal General Budget Law No. (13) of 2023 and the application of the unified treasury system, by completing the budget schedules for the fiscal years 2024 and 2025 and submitting them to the Council of Ministers for approval.” .
The statement added, "Securing the salaries of employees, the social protection network, and the salaries of retirees without delay or delay through its retained cash balances for the previous year and its oil and non-oil revenues."
She explained that "the financial and economic reform plan pursued by the government led to a noticeable increase in economic growth, and achieved an important resource for the state through the increase in development projects," pointing out that "the restarting of a number of stalled factories, especially food and construction factories, as the proportion of Production in several projects within the framework of the development vision for the Iraqi economy, diversifying it, reducing dependence on oil revenues as the sole source of the budget, and maximizing non-oil revenues.”
She indicated that "no statement was issued by the Ministry of Finance in this regard, especially since the government reforms relied on expanding the participation of the private sector in securing greater job opportunities."
She added, "It is necessary to adhere to what is issued by the ministry, as it is the only body that manages financial affairs in Iraq, and any statements of this kind create unnecessary confusion and tension."
The Ministry called for "the adoption of news and information through its official website and pages on social networking sites without getting confused with information that does not exist."
The Ministry of Finance denied today, Sunday, the existence of a cash liquidity crisis to secure employees’ salaries, stressing that there is no truth to what was reported on some television channels.
The Ministry stated in a statement received by Mawazine News: “The Ministry of Finance expresses its astonishment at the claims of some political and media figures regarding the lack of sufficient cash liquidity to secure the salaries of state employees,” noting that “the financial plans prepared by the Ministry within the government program for public spending included taking... Several procedures and measures are in line with what was stated in the amended Federal Financial Management Law No. (6) of 2019 and the Federal General Budget Law No. (13) of 2023 and the application of the unified treasury system, by completing the budget schedules for the fiscal years 2024 and 2025 and submitting them to the Council of Ministers for approval.” .
The statement added, "Securing the salaries of employees, the social protection network, and the salaries of retirees without delay or delay through its retained cash balances for the previous year and its oil and non-oil revenues."
She explained that "the financial and economic reform plan pursued by the government led to a noticeable increase in economic growth, and achieved an important resource for the state through the increase in development projects," pointing out that "the restarting of a number of stalled factories, especially food and construction factories, as the proportion of Production in several projects within the framework of the development vision for the Iraqi economy, diversifying it, reducing dependence on oil revenues as the sole source of the budget, and maximizing non-oil revenues.”
She indicated that "no statement was issued by the Ministry of Finance in this regard, especially since the government reforms relied on expanding the participation of the private sector in securing greater job opportunities."
She added, "It is necessary to adhere to what is issued by the ministry, as it is the only body that manages financial affairs in Iraq, and any statements of this kind create unnecessary confusion and tension."
The Ministry called for "the adoption of news and information through its official website and pages on social networking sites without getting confused with information that does not exist."
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