A parliamentary-governmental agreement to pass a law paving the way for the disbursement of salaries
A parliamentary-governmental agreement to pass a law paving the way for the disbursement of salaries
11/4/2020 14:31
[Baghdad-Where]
An informed government source revealed, on Wednesday, that Parliament and the government reached the approval of the borrowing law, which will pave the way for the payment of salaries of employees who are late for the month of October.
It is customary to pay the salaries of employees, starting from the 15th of each month and until the 26th of the same month, but the government has delayed paying the salaries of last October until now, for the second consecutive month.
Last month, the Iraqi government sent a draft bill to borrow 41 trillion dinars (about 34 billion dollars) to Parliament for approval, with the aim of financing the deficit in paying employees’ salaries for the remaining months of this year.
The government source said, “Parliament and the government have agreed to approve the borrowing law during the parliament session next Monday.”
He added that the passage of the law will pave the way for the payment of employees’ backlog salaries.
This law comes to secure legal cover for the government, given that Iraq did not approve a budget for the year 2020 due to the decline in financial revenues due to the decline in oil prices in global markets due to the consequences of the Corona virus.
The government is struggling to secure employee salaries and other operating expenses, due to the decline in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world economy.
Iraq relies on oil sales revenues to finance 95 percent of state expenditures.
alliraqnews.com
