BAGHDAD / Sky Press: Areej al-Taie
Early on Sunday, a source revealed cut 7% of employees’ salaries from next month, in addition to the 3% that was withheld approval of the House of Representatives.
The source said in an interview with “Sky Press,” that “the government will deduct 7% of employees’ salaries in the next month, in addition to 3%, which was deducted to give the crowd the popular and displaced due to the financial crisis faced by the country.”+
“The deduction will include all grades.”
It is noteworthy that Iraq is going through an economic crisis because of lower oil prices and the deterioration of the oil sector because of the oil licensing rounds, which burdened the Iraqi economy, which exceeded $ 23 per barrel to extract the value of the foreign companies.
He indicated that the House of Representatives voted to approve the material contained in the 2016 budget pertaining to the deduction of 3% of the salaries of employees and retirees, states the article on the distribution of this deduction of 60% of the popular crowd and 40% for the relief of displaced persons.
According to the Finance Committee by Masood Haider, the most prominent of the adjustments made to the draft federal budget law by the government and the parliamentary finance committees is a deduction of 3% of the salaries of retirees has, after discussion with the Prime Minister Haider al-Abadi.
He said Haider, said that the deduction of all retirees of the Iraqi state will provide budget funds of up to 1.5 trillion dinars, explaining that “40% of this amount, which is estimated at 600 billion dinars, will be allocated to the displaced, while the remainder, with an estimated 900 billion dinars, will go to support the popular crowd.