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Finance explains the fact that there is a problem with the liquidity of employee salaries
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Economy News - Baghdad
The Ministry of Finance denied on Sunday that there was a problem with liquidity to secure employee salaries.
The ministry stated in a statement received by Al-Iqtisad News: “We are surprised by the claims of some political and media figures regarding the lack of sufficient cash flow to secure the salaries of state employees.”
She added, "The financial plans that I prepared within the government program for public spending included taking several procedures and measures that are consistent with what was stated in the Federal Financial Management Law No. (6) of 2019 as amended and the Federal General Budget Law No. (13) of 2023 and the application of the unified treasury system, through... Completing the budget schedules for the fiscal years 2024 and 2025 and submitting them to the Council of Ministers for approval, thus securing employee salaries, 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 indicated that she "committed to securing salary funding on an ongoing basis and directing the resumption of official working hours on Fridays and Saturdays for the purpose of completing the distribution of salaries of state employees without delay," noting that "the financial and economic reform plan pursued by the government led to a noticeable increase in economic growth and achieved an important resource." From the state’s resources through the increase in development projects and the restart of a number of suspended factories, especially food and construction factories, as the production rate increased 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 continued, “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,” stressing “the necessity of adhering to what it issues as it is the only body that manages financial affairs in Iraq and that any Statements of this kind create unnecessary confusion and tension. Therefore, the Ministry calls for the adoption of news and information through its official website and pages on social media without getting confused with information that does not exist.”
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Added 02/25/2024 - 1:03 PM
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Economy News - Baghdad
The Ministry of Finance denied on Sunday that there was a problem with liquidity to secure employee salaries.
The ministry stated in a statement received by Al-Iqtisad News: “We are surprised by the claims of some political and media figures regarding the lack of sufficient cash flow to secure the salaries of state employees.”
She added, "The financial plans that I prepared within the government program for public spending included taking several procedures and measures that are consistent with what was stated in the Federal Financial Management Law No. (6) of 2019 as amended and the Federal General Budget Law No. (13) of 2023 and the application of the unified treasury system, through... Completing the budget schedules for the fiscal years 2024 and 2025 and submitting them to the Council of Ministers for approval, thus securing employee salaries, 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 indicated that she "committed to securing salary funding on an ongoing basis and directing the resumption of official working hours on Fridays and Saturdays for the purpose of completing the distribution of salaries of state employees without delay," noting that "the financial and economic reform plan pursued by the government led to a noticeable increase in economic growth and achieved an important resource." From the state’s resources through the increase in development projects and the restart of a number of suspended factories, especially food and construction factories, as the production rate increased 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 continued, “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,” stressing “the necessity of adhering to what it issues as it is the only body that manages financial affairs in Iraq and that any Statements of this kind create unnecessary confusion and tension. Therefore, the Ministry calls for the adoption of news and information through its official website and pages on social media without getting confused with information that does not exist.”
Views 53
Added 02/25/2024 - 1:03 PM
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