A member of Parliamentary Finance reveals the fact that the government intends to distribute the June and July salaries in one payment
A member of Parliamentary Finance reveals the fact that the government intends to distribute the June and July salaries in one payment
7/7/2020 14:06
Baghdad today – special
Member of Parliamentary Finance Committee, Faisal Al-Issawi, revealed on Tuesday (07 July 2020) the fact that the months of June and July can be distributed in one payment.
Al-Issawi said, speaking to (Baghdad Today), that “the distribution of salaries for the months of June and July, once, is excluded because of the lack of financial liquidity.”
He added, “The financial crisis has cast a shadow over the Iraqi situation,” stressing that “most of the problems have been solved and funding has started for all ministries of the security and administrative state.”
Al-Issawi said, “Before the end of July, the salaries of June will be distributed,” noting that “salaries cannot be distributed two months at once because there is no financial liquidity due to the crisis of low oil prices.”
The payment of employees’ salaries was delayed for the past June, for more than 10 days, and employees of a number of ministries have yet to receive their salaries.
Before that and during the past two months, the retirees ’salaries also witnessed a delay in exchange for several days.
On Thursday (02 July 2020), the Central Bank of Iraq announced that it would assist the Ministry of Finance in securing three-month salaries, while talking about the date for the disbursement of the salary of last June.
“A directive issued by re-dividing bonds in favor of the Ministry of Finance by about 8 trillion dinars,” said Ihsan Shamran, director general of accounting at the Central Bank, in a statement carried by the official news agency.
He added, “These bonds will enable the Ministry of Finance to secure employee salaries for the months of July and August,” noting that “the central bank has made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years.”
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