Parliamentary Finance sets the date for resolving the borrowing law and confirms the possibility of paying employees’ salaries for two months

Parliamentary Finance sets the date for resolving the borrowing law and confirms the possibility of paying employees’ salaries for two months

11/8/2020 16:18

Parliamentary Finance sets the date for resolving the borrowing law and confirms the possibility of paying employees salaries for two months[Baghdad-Where]
The Finance Committee in the House of Representatives expected, on Sunday, to reduce the amount of borrowing in the law on financing the financial deficit to 15 trillion and vote on it at the end of this week, while indicating the possibility that the government will pay the salaries of employees for the months of October and November after passing the law directly .
The reporter of the Finance Committee, Ahmed Al-Saffar, said, according to the official media, that “the deficit financing law, which is expected to be passed at the end of this week after the second reading of it, is expected to be limited to the amount included in it to secure the necessary needs such as salaries for employees and retirees, social care and medicine. And the ration card and farmers’ dues, in addition to some payable debts, “noting that” the expected amount to be voted on is between 10 to 15 trillion. ”
Al-Saffar added, “The amount contained in the borrowing law amounting to between 10 and 15 trillion, which is expected to be voted upon, will cover the monthly deficit of 3 trillion and a half trillion for three months.”
He pointed out, “The possibility that the government will pay the salaries of employees for the months of last October and November, immediately after the vote on the law.”
He pointed out, “The region’s share after the approval of the borrowing law is 320 billion dinars per month as a lump sum until the budget law is issued, which will include an agreement between Baghdad and Erbil on the dues.”
He explained, “The 2021 budget will include the agreement between Baghdad and Erbil, through which the region will hand over 250 thousand barrels per day in addition to 50 percent of the ports’ revenues,” indicating that “the region’s share in the budget next year was set at 12.6 percent.”

alliraqnews.com