9/9/2020 16:01
Where News_Baghdad
The Parliamentary Finance Committee stated on Wednesday that the federal government needs $ 6 billion to secure the salaries of employees, indicating that the government will face difficulty securing their salaries.
Committee member Jamal Cougar told Ayna News Agency, "The oil revenues for the month of August were 3 billion and 516 million dollars, while other revenues amount to more than 400 million dollars," noting that "these funds are not sufficient to pay the monthly expenses and salaries of employees."
He added that "the government will face difficulty securing the salaries of employees for the remaining months of this year," noting that "the government needs $ 6 billion a month to cover and secure the salaries of employees."
Cougar pointed out, "The government's financial situation is critical. Oil and non-oil revenue funds are not sufficient to cover operational expenses. This may push it to borrow to secure salaries in the remaining months of this year."
Iraq is going through a stifling financial crisis due to the drop in oil prices since the outbreak of the Corona virus, which has led to concerns about the impact of the decline and lack of revenues on the federal budget for the year 2020, and the operational budget and salaries of government employees and retirees affected by this.
Iraq has not approved the 2020 budget so far as a result of the continuous protests since last October, which led to the resignation of the previous government headed by Adel Abdul Mahdi and its transformation into a caretaker government that does not have the powers to send the financial budget bill to Parliament
alliraqnews.com
