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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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    Financial Supervision Bureau: The percentage of localizing salaries of regional employees exceeded 8

    Rocky
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    Financial Supervision Bureau: The percentage of localizing salaries of regional employees exceeded 8 Empty Financial Supervision Bureau: The percentage of localizing salaries of regional employees exceeded 8

    Post by Rocky Mon 09 Dec 2024, 4:44 am

    Financial Supervision Bureau: The percentage of localizing salaries of regional employees exceeded 80 percent in banks

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    Economy News - Baghdad
    [rtl]The Federal Board of Financial Supervision confirmed, on Monday, that the percentage of localizing salaries of employees of the Kurdistan Region exceeded 80% in the banks accredited by the Central Bank of Iraq.[/rtl]
    [rtl]A statement by the media department of the House of Representatives, received by "Al-Eqtisad News", stated that "the Finance Committee, headed by Atwan Al-Atwani, hosted the head of the Federal Financial Supervision Bureau, Ammar Sobhi Khalaf, and the senior staff, to discuss the draft of the first amendment to the Federal General Budget Law."[/rtl]
    [rtl]Al-Atwani stressed, "The committee is keen to approve the amendment in a realistic and implementable manner, which will end the dispute between the federal government and the regional government regarding the oil file."[/rtl]
    [rtl]He pointed out that "the completion of the committee's work regarding this amendment is subject to the presence of the Minister of Finance to clarify the legal basis for disbursing financial dues to foreign oil companies operating in the region."[/rtl]
    [rtl]For his part, the Chairman of the Federal Financial Supervision Bureau reviewed the “table of financial dues between the federal government and the region,” stressing “the documentation of these dues in the Bureau’s reports, with the addition of notes regarding the delivery of the region’s oil and non-oil revenues to the federal government.”[/rtl]
    [rtl]The Chairman of the Financial Supervision Bureau stressed the "necessity for the amendment to include clear mechanisms for liquidating financial advances before the end of the year to avoid their accumulation."[/rtl]
    [rtl] He stressed that "the agreement based on this amendment is good and implementable, with the need to address the comments that were referred to."[/rtl]
    [rtl]The senior staff of the Financial Supervision Bureau provided a briefing on the progress of the procedures for localizing the salaries of the region’s employees, noting that “the localization rate exceeded 80% in the banks accredited by the Central Bank of Iraq, with the end of the year set as the final date for completing the biometric cards to ensure that the problem of duplicate salaries is addressed.”[/rtl]


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