Follow-up cell: The government may resort to borrowing and printing currency to provide salaries


Economy | 05:14 – 27/03/2020

Baghdad – Mawazine News

, The Follow-up Cell in the Prime Minister’s Office revealed today, Friday, that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month.

The head of the government follow-up cell, Mustafa Sanad, said in a radio statement followed by Mawazine News, that “Iraq’s monthly income from oil is currently estimated at one billion dollars only (after the price of a barrel drops to 18 dollars).”

Sanad said, “The salaries of employees amount to 3 and a half billion per month, which may push Iraq to borrow or to print the currency as a last option,” as the state of the state will be affected starting from the next month.

https://www.mawazin.net/Details.aspx?jimare=92213

2 thoughts on “Follow-up cell: The government may resort to borrowing and printing currency to provide salaries

  1. World bank already said no to loans and now Iraq wants try and beg IMF for money will not happen billions has been stolen by the corrupt it’s sad to sad but 18 billion over the past 10 years has been stolen not ever reaching the citizens and Iraq asking for more LOL a joke

    Like

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