A member of the parliamentary economy in 2016 confirms that the salaries of insurance of oil reached

by lonelyintexas Sat Jan 02, 2016 9:41 am

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A member of the parliamentary economy in 2016 confirms that the salaries of insurance of oil reached

by lonelyintexas Sat Jan 02, 2016 9:41 am

A member of the parliamentary economy in 2016 confirms that the salaries of insurance of oil reached $20

2016/1/2 9:29

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[Baghdad - where]
confirmed a member of the Committee on Economy and Investment parliamentary Najiba Najib, the state's ability to secure the salaries of employees in the year 2016.

She said Najib, told all of Iraq [where], "I as a member of Parliament since two sessions and through the figures, the Iraqi state in spite of the sharp drop in oil prices they are able to Iraqi civil servants for 2016 salaries of insurance," afterthought "But after this year, is subject to Search else.
"She stressed that the government" is able in 2016 to secure salaries, "indicating that" Iraq needs 52 trillion salaries for the network of social welfare, retirees and employees, "pointing out that" this amount does not distract the whole it is the actual Kurdistan Regional staff who make up the 24% do not receive their salaries as they Mosul and Anbar staff.
"Najib pointed out that" oil prices, even got to 25 or even $ 20, half or three-quarters of this amount [salaries] will provide oil revenues, even reached the price of oil to $ 20 a barrel.
"She continued," We are not a poor country, because we have a $ 60 billion central bank reserves, and 90 tons of gold and we gave the authority to the Ministry of Finance for the issuance of treasury bonds, which means that the ministry will issue treasury bonds bought by the central bank because it can not borrow directly has the right to buy these bonds and gives cash the Ministry of Finance.
"It pointed out that" the way the other until now the dollar price equivalent to almost dinar, and even though it amounted to revenue of $ 30 billion in oil revenues in 2016 if there is a change to monetary policy and turned to the dinar will be to secure the amounts and the payment of salaries.
"renewed confirmed that "the State is able to secure the salaries 100%, as there is oil revenues and taxes and re-loans of citizens Kalmih salary There are more than 10 trillion and industrial loans and agricultural supposed to return them," noted "in the next year in 2017 can not be certain to secure salaries if oil prices remain what it is.
"The House of Representatives approved in its meeting on 16 December last, the budget of the year 2016 with a total expenditure of more than 105 trillion and 890 billion dinars deficit accounted for 22.8%, reaching a total revenue of the 81 trillion and 700 billion dinars formed oil revenues of which 69 trillion and 773 billion dinars The increase of 85.1% of total revenues, while non-oil revenues amounted to more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues.
and formed the current expenditures [operating] a salary and other more than 80 trillion dinars and percentage 76 % of total expenditures 105 trillion dinars] while the capital expenditures of more than 25 trillion dinars, and increase of 23.8%.
It is noteworthy that the Council of Ministers approved on 13 October last in 2015, modifying the new salary scale and published the Gazette of Iraq resolution at 15 the following month, to be effective.
According to the new resolution [salary scale, of the functional class salaries for the first 910 000 dinars, while have the lowest score 170 000 dinars. and the salary of the first class, according to the new peace of 910 000 dinars schedule and length of service of one year and range by year to arrive after 11 years to 1.11 million dinars, with an annual 20 000 dinars, as well.
While the salary of the lowest degree of functional and is the tenth 170 000 dinars, and the range to reach to serve 10 years to 200 000 dinars, with an annual bonus 3000 dinars.
The salary scale indicates new that the highest salary of the Secretaries of State and special grades 3.243 million dinars and less salary to the employee 170 000 dinars.
and the salary of the deputy minister and Badrjtah and earns his salary and adviser who earns salary and Undersecretary of the Ministry, according to the new peace agenda of 2.413 million dinars to 3.243 million dinars with the annual premium and $ 83 000 dinars, which is the highest salary in the state excluding Ministers and the three presidencies. While select lower salary b 170 000 2 Danar.

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I think they are trying to say that even if oil goes down to $20 a barrel they can pay salaries. We are in hopes that oil will rise and go to what they have it set in the budget $45 a barrel.
Thanks
LIT
yes