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[size=36]Finance issues a clarification regarding allegations of exploitation of employee salaries[/size]
Economy | 12:18 - 04/03/2024
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Mawazine News - Baghdad
Today, Monday, the Ministry of Finance issued a clarification regarding allegations of exploiting employees’ salaries for investment purposes and depositing them in private banks.
The Ministry said in a statement received by Mawazine News Agency, that it “followed with great interest the conversations and information that were circulated through some media outlets and social media platforms alleging (exploiting employees’ salaries and pensions for investment purposes and depositing them in private banks).”
He continued, “In the interest of transparency and clarity, the Ministry would like to clarify that it 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 Bank accounts for spending units in ministries, governorates, and unrelated entities are open with government banks (exclusively) to ensure the smooth financing of salaries within hours not exceeding the end of the official working day of the financing day.”
He added, “As for pensions, the ministry has adopted the beginning of each month as a basis for financing without Delaying and feeding the bank accounts of the National Retirement Authority through the electronic payment system instead of paper payment, as these measures come in implementation of the provisions of the government program and the directives of the Prime Minister and the Minister of Finance in this regard.
In its statement, the Ministry called on all media professionals and interested parties “not to promote and circulate information.” Engaging in conversations that would confuse public opinion without referring to the official and approved sources of the Ministry to clarify and state the facts.”
The Ministry said in a statement received by Mawazine News Agency, that it “followed with great interest the conversations and information that were circulated through some media outlets and social media platforms alleging (exploiting employees’ salaries and pensions for investment purposes and depositing them in private banks).”
He continued, “In the interest of transparency and clarity, the Ministry would like to clarify that it 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 Bank accounts for spending units in ministries, governorates, and unrelated entities are open with government banks (exclusively) to ensure the smooth financing of salaries within hours not exceeding the end of the official working day of the financing day.”
He added, “As for pensions, the ministry has adopted the beginning of each month as a basis for financing without Delaying and feeding the bank accounts of the National Retirement Authority through the electronic payment system instead of paper payment, as these measures come in implementation of the provisions of the government program and the directives of the Prime Minister and the Minister of Finance in this regard.
In its statement, the Ministry called on all media professionals and interested parties “not to promote and circulate information.” Engaging 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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