Financial advisor to the Prime Minister: For salaries only, we need 54 trillion dinars during the next eight months

Financial advisor to the Prime Minister: For salaries only, we need 54 trillion dinars during the next eight months

APRIL 28, 2020

Financial advisor to the Prime Minister - For salaries only we need 54 trillion dinars during the next eight monthsThe financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that “One of the current scenarios is to give salaries only with some necessary expenses such as medicine and we need 54 trillion dinars during the next eight months.”

Saleh said in a statement that “the deficit in the scenario closest to its implementation amounts to 34 trillion dinars. There is no decision to reduce salaries or compulsory savings.”

He continued that there are 4 million employees in Iraq, 4 million retirees and 1.3 million who have social welfare, and they earn 63 trillion dinars annually and that 8 million workers in the private sector will be affected negatively after the decline in state revenues.

Iraqi oil is now sold for $ 15, and the Finance Ministry has to take its debts from telecom companies

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