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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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    The Ministry of Finance answers: Is Iraq able to pay the salaries of its employees?

    Rocky
    Rocky
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    The Ministry of Finance answers: Is Iraq able to pay the salaries of its employees? Empty The Ministry of Finance answers: Is Iraq able to pay the salaries of its employees?

    Post by Rocky Mon 26 Feb 2024, 4:15 am

    POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]The Ministry of Finance answers: Is Iraq able to pay the salaries of its employees?[/size]

    [size=45]Yesterday, Sunday, the Ministry of Finance issued a clarification regarding the fact that there is no cash liquidity to secure the salaries of state employees.[/size]
    [size=45]The Ministry said in response to what some television channels reported, and according to a statement, it “expresses its surprise at the claims of some political and media figures regarding the lack of sufficient cash flow to secure the salaries of state employees.”[/size]
    [size=45]In this regard, she confirmed that “the financial plans that she prepared within the government program for public spending included taking several procedures and measures consistent with what was stated in the Federal Financial Management Law No. (6) of 2019 as amended, 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.”[/size]
    [size=45]She added, “Thus securing employee salaries, the social protection network, and retirees’ salaries without delay or delay through its retained cash balances for the previous year and its oil and non-oil revenues.”[/size]
    [size=45]She continued, “In addition to the above, the Ministry has committed to securing salary funding on an ongoing basis and directing the resumption of official working hours on Friday and Saturday for the purpose of completing the distribution of salaries of state employees without delay.”[/size]
    [size=45]The Ministry 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 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 of the Iraqi economy, diversifying it, reducing dependence on oil revenues as the sole source of the budget, and maximizing non-oil revenues.”[/size]
    [size=45]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,” stressing “the necessity of adhering to what is issued by it as it is the only body that manages financial affairs in Iraq and that any statements from This type creates unnecessary confusion and tension.”[/size]
    [size=45]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.”[/size]
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