Parliament’s request to impose taxes on currency auctions to finance employee salaries
Parliament’s request to impose taxes on currency auctions to finance employee salaries
10/4/2020 14:16
A member of the Parliamentary Economic and Investment Committee, Representative Nada Shaker Jawdat, revealed today, Sunday, that she submitted a request to the Central Bank to impose taxes on the “currency auction”, indicating that it is sufficient to finance the salaries of employees.
In an interview with News Agency, Jawdat said that she “requested on several occasions from the Central Bank to impose taxes on the currency auction in order to benefit from this auction instead of leaving the hard currency outside the country,” indicating that “the taxes that will be imposed in the currency auction will be sufficient to finance the budget. The salaries of all employees in government departments and institutions in Iraq. ”
She added that “there is difficulty in stopping the currency auction, as this preserves the stability of the Iraqi currency and stimulates trade,” noting at the same time that “what Iraq gets from hard currency as a result of selling oil comes out again without benefiting from it.”
It is noteworthy that Iraq suffers from a stifling financial crisis as a result of low global oil prices, which constitute 90% of Iraq’s general budget, and thus the Ministry of Finance found itself unable to pay the salaries of employees during the current year, which prompted it to borrow, while it later claimed that it is unable to pay the salaries of employees For the remaining months of the current year without borrowing as well.
alliraqnews.com
