Al-Sudani’s advisor reassures employees: There is no salary crisis
Al-Sudani’s advisor reassures employees: There is no salary crisis
1-2-2025
Information/Baghdad…
The financial and economic advisor to the Prime Minister, Mazhar Mohammed Salih, denied the existence of a salary crisis in the country, stressing the existence of large financial reserves that cover the required liquidity.
Mazhar Muhammad Salih said in an interview followed by Al-Maalouma Agency, “There have been speculations recently about oil prices, a liquidity crisis, and so on,” noting that “at the end of the fiscal year, a financial audit process takes place, and thus there may be a slight delay in issuing salaries for a few days, according to accounting reconciliations.”
The Prime Minister’s advisor pointed out that “there is no salary crisis, and what is happening here and there in this regard is nothing more and nothing less than fantasy.”
Regarding the size of the monetary mass outside the Central Bank, Mazhar Muhammad Salih explained that it is “around 100-105 trillion dinars,” noting that “the size of the monetary mass inside the banking system is less.”
He stressed: “We have large foreign exchange reserves that completely cover this liquidity, which is estimated at about $105 billion.”
The monthly salaries of employees were delayed in the last month of 2024, while it is customary for the Ministry of Finance to pay the wages of self-financing companies starting from the middle of each month, as well as for the members of the ministry and banks, while the salaries of other ministries are released starting from the 23rd of each month.
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