New statement from the Ministry of Finance regarding budget schedules, bonuses, promotions, and salaries.
New statement from the Ministry of Finance regarding budget schedules, bonuses, promotions, and salaries.
2025-05-30
The Ministry of Finance denied, on Thursday, May 29, 2025, what was stated in statements by a member of the House of Representatives, circulated in some media outlets, in which he said that the Minister of Finance, Taif Sami, does not intend to send the budget tables to Parliament.
The Ministry of Finance stated in a statement, “There was no dialogue between the minister and the MP other than the submission of specific transactions for completion. She did not address the failure to submit budget schedules for this year.” The statement stressed that “work is underway to complete it after reducing spending and increasing financial resources, based on the directive and circular of the General Secretariat of the Council of Ministers to maximize resources, determine spending and revenue ceilings, and search for funding sources.”
Regarding the salaries of the Kurdistan Region, the Ministry affirmed its commitment to implementing the decision of the Federal Court and the Federal Budget Law, Article (11 First) and Article (13).
Regarding employees’ entitlement to bonuses and promotions, the Ministry of Finance clarified that “the rights of all employees are preserved, based on the Legal Department’s circular stating that an employee’s promotion shall be effective from the date of entitlement, contrary to what the representative stated.”
The ministry reiterated its assertion that “the withdrawal of tax deposits is within its authority and in accordance with the law. They were used to finance spending and are considered non-oil revenue, unlike what the MP claimed.”
She also stated that “any state-owned property is within the authority of the Minister of Finance to be sold in accordance with a special law, to maximize the revenues of the state’s public treasury, and is considered part of the non-oil revenues used to finance the budget, and is included annually in Schedule (A) of the state’s general budget for the sale of land.”
The Ministry of Finance indicated that it is “committed to funding salaries on a monthly basis without any delay. May salaries have been fully funded for all eligible beneficiaries, without the need for any borrowing from oil or non-oil revenues,” stressing that “salaries are fully secured.”
Regarding amending the Internal Security Forces Service and Retirement Law, she explained that “the matter is under study, because enacting any law requires calculating costs, as stipulated in the State’s Public Financial Management Law.”
The Ministry of Finance called on all parties to “exercise accuracy and avoid making statements that lack credibility, as they have a negative impact on public opinion and the country’s financial and economic trajectory.”
burathanews.com
