Finance: insurance through banks and internal borrowing 2016 salaries

A member of the parliamentary Finance: insurance through banks and internal borrowing 2016 salaries

2016/1/4 10:30

[Baghdad – where]
stressed the parliamentary finance committee member Husam punitive, the possibility of securing employees’ salaries during the year 2016 by relying on government banks and internal borrowing.
He said the punitive told all of Iraq [where], “The real financial crisis, Iraq, like other countries that rely on oil exports large Depending will have a crisis.”
On the possibility of securing employees’ salaries for the current year, said “in principle can be dealt with things through government banks, there are banks Bank Iraqi trade, and the government can rely on its banks through internal loans and the launch of an internal bond with the presence of oil exports, and thus solve this [secure salaries]. ”
He added, “also it has to be obtaining non-oil revenues properly and attention, as recorded in the budget “noting,” There are a lot of non-oil revenues, which should pay attention to it.
“The member of the Committee of Economy and Investment parliamentary Najiba Najib, confirmed last Saturday, the state’s ability to secure the employees’ salaries in the year 2016.
She said Najib’s [where], that the government” 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” oil prices, even got to 25 or even $ 20, for a barrel of oil, half or three-quarters of the amount of [ salaries] will provide oil revenues “, saying” 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 has the right to buy these bonds and it gives cash the Ministry of Finance. ”
The House of Representatives approved in its meeting on 16 December last, this year’s budget in 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 Revenues oil 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 the total expenditure 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 of the following month, to be effective.
According to the new resolution [salary scale, of the first functional class salaries 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 ranging as years to reach after 11 years to 1.11 million dinars, with bonus annual 20 000 dinars.
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.
also refers ladder the new salary 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.anthy

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