Clarification from Finance regarding allegations of exploitation of employees’ salaries and pensions

Clarification from Finance regarding allegations of exploitation of employees’ salaries and pensions
Sweeteners
03-04-2024 | 04:16
Clarification from Finance regarding allegations of exploitation of employees’ salaries and pensions
Source:
Alsumaria News
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Al-Sumaria News - Local News

Today, Monday, March 4, 2024, the Ministry of Finance issued a clarification of allegations of exploiting employees’ salaries and pension contributions for investment purposes and depositing them in private banks.
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The Ministry stated in a statement received by Al-Sumaria News that it has followed with great interest the conversations and information that have been circulated through some media outlets and social media platforms claiming (exploiting employees’ salaries and pensions for investment purposes and depositing them in private banks), and in the interest of transparency and clarity, it would like to clarify the following facts to public opinion. about this.

She added that the Ministry adopts specific dates when financing salaries according to the electronic payment mechanism through the payments system (RTGS), which is managed by the Central Bank of Iraq and is concerned with the salaries of state employees and the social protection network, and depositing them in the bank accounts of the spending units in the ministries, governorates, and unrelated entities that are open in banks. Government (exclusively), to ensure the smooth flow of funding salaries within hours not exceeding the end of the official working day of the funding day.

With regard to retirement salaries, the Ministry adopted the beginning of each month as a basis for financing without delay and feeding the bank accounts of the National Retirement Authority through the electronic payment system instead of paper payment, as these procedures come in implementation of the terms of the government program and the directives of the Prime Minister and the Minister of Finance in this regard, according to the statement.

According to the statement, the Ministry called on all media professionals and interested parties not to promote and circulate information and engage in conversations that would confuse public opinion without referring to the official and approved sources of the Ministry to clarify and state the facts.
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