Parliamentary finance reveals two reasons behind the delay in salaries

Editing Date: 1/7/2020 21:38

Ayna News

– Baghdad Parliamentary Finance Committee revealed, Wednesday, the delay in paying salaries to employees.

Committee member Ahmed Al-Saffar said, “There are two reasons for delaying the payment of salaries, which I expect personally, the first due to the conversion of hard currency into the Iraqi dinar, and the government beginning to scrutinize some ministries with regard to double salaries.”

He pointed out, “He revealed that 40,000 employees receive more than one salary in only 6 ministries, which delayed the payment of salaries to employees.”

The page for the month of June was turned, bringing with it the hopes of Iraqi employees to receive their salaries, despite promises made by the official authorities to hand over salaries before the end of the month in the past days, but the month was gone, and salaries remained in the “government quarantine.”

Commenting on the parliament’s approval of borrowing despite its objection to the law, Al-Saffar explained, “The committee has done its job through legislation, both internal and external borrowing, although it was a difficult choice for the committee to consider stopping external borrowing in the 2019 budget because it felt a danger and an increase in external debt.”

He pointed out that “the current crisis imposed on us to save the country and the government by agreeing to this law, provided that the government provides within 60 days a comprehensive reform paper so that we do not resort to borrowing again.”

Al-Saffar added, “The law was supposed to be in effect from the date of its approval and the government starting the borrowing process and organizing the necessary arrangements to pay salaries and other important matters, but we follow the issue and expect that there are technical reasons that delayed salaries.”

On the parties that benefit from borrowing, Al-Saffar concluded his speech by saying, “The reasons for approving this law are the financial and health crisis, salaries, ration card, and medicines, and everyone who falls within these reasons are considered beneficial parties.”

The House of Representatives, passed last Wednesday, a draft law that allows the government to borrow internally and externally to cover the country’s fiscal deficit.

The government presented the bill, which includes external borrowing worth $ 5 billion, and an internal amount of 15 trillion dinars to cover the country’s fiscal deficit.

http://www.alliraqnews.com/modules/news/article.php?storyid=94953

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Determine the date of its distribution .. The deputy governor of Diyala reveals the reason for the late payment of employee salaries until now

Policy 01/20/2020 22:13 1054    

Baghdad today – Baghdad

The Technical Deputy of the Governor of Diyala, Director of the Financial and Administrative Department, Muhammad Qutaiba, confirmed on Wednesday that the measures taken by the Ministry of Finance were a reason behind the delay in funding and the failure to release salaries of employees so far.

Qutaiba said in a statement that “all departments and the Finance and Administration Department have completed all their procedures and schedules since the date of June 15 and were awaiting the release of financial funding by the ministry.”

He pointed out that “the special committee for funding confirmed that the procedures are in their final stages and will be launched on Sunday, God willing.”

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Bloomberg: Iraq turns to Saudi Arabia and the International Monetary Fund to heal its economy

Free / Translations – Washington

July 01, 2020

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Iraq is seeking a loan from the International Monetary Fund and Saudi investments to overcome its economic woes

Highlighted a report told Bloomberg the US, highlighted the efforts of Iraq ‘s efforts to address the acute crisis plaguing the country ‘s economy, as a result of falling oil prices and exacerbate infections Corona emerging.

The report, published on Wednesday, indicated that Al-Aqq is in talks with the International Monetary Fund to obtain a loan, while seeking to attract Saudi investments to its natural gas fields.

The report quoted Iraqi Finance Minister Ali Allawi as saying that the International Monetary Fund and Iraq are conducting “intensive” negotiations on a loan that could reach a maximum of $ 5 billion. However, in an interview in Baghdad on Tuesday evening, he did not specify additional details about the nature of the loan:

“There is no official proposal from the Iraqi government and there is no official response from the International Monetary Fund, but we are moving in this direction.”

Allawi said that the Iraqi government also suggested that the Saudis put money in the crutch gas field in the west of the country or Mansourieh in the east. Allawi said that they can also invest in extracting gas from Ratawi’s oil stocks in the south.

Allawi added that “Saudi Arabia is very ready to support our energy projects. At the end of the day, they will choose one field. They are also interested in solar energy.”

It is noteworthy that Allawi had made a tour to Saudi Arabia and Kuwait in late May, and observers ruled out that Iraq would receive financial support from Kuwait, or perhaps alleviate the burden of its debts owed to Kuwait, which amounted to about $ 2 billion in compensation for the 1990-1991 Gulf War.

The IMF and Saudi Arabia talks come at a time when Iraq is trying to support its financial resources. Allawi said that the economy will likely shrink from 7 percent to 9 percent in 2020. This is more than the expectations of the International Monetary Fund by 4.7 percent. 

Riyadh is pressing Iraq to cut oil production sharply to meet its share in OPEC, placing more pressure on Prime Minister Mustafa al-Kazemi, who came to power in May.

Baghdad had initially refused to limit production, like other OPEC members, but retreated after intense pressure from Saudi Arabia and Russia.

Allawi said that Iraq’s monthly oil revenues are about 2.7 billion dollars. This is less than the $ 7 billion Iraq earned in 2019. The budget deficit will reach 22 percent of GDP this year, which is higher than anywhere else in the Middle East and North Africa, according to the International Monetary Fund. 

Allawi ruled out that the Iraqi government would resort to issuing new Eurobonds to finance the gap, arguing that it was too expensive.

And yields of Iraqi bonds, worth a billion dollars, fell about 60 basis points on Wednesday, after news of a possible International Monetary Fund loan. And the interest rate of these bonds is estimated at 10 percent, which is the highest of any issuer of Eurobonds in the Middle East, with the exception of the defaulting Lebanon. 

Iraqi Finance Minister Ali Allawi said, “We are not ready to pay 10 percent” interest on new bonds in Iraq.

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Iraqi border guards are deployed on the borders of the Kurdistan Region and Turkey

Shafaq News / According to a local official source, on Wednesday, that the Iraqi border guards have deployed in an area in the Kurdistan Region on the Turkish border, which was recently bombed by Ankara.

“The Border Guard Brigade, affiliated to the Iraqi Ministry of Interior, has deployed a group of its forces north of the Bativa district on the Turkish border,” the director of the Bativa district of Dahuk governorate, Dilshir Abdul Sattar, told Shafaq News.

Abdul Sattar added that the border guards established three military points in the mountainous highlands north of the district, noting that the  mission of these forces will focus on protecting the border villages and their citizens.

The border area in Bativa and other areas along the border have been subjected to intense Turkish air and artillery bombardment over the past two weeks, which has caused human and material losses.

Turkey says it is targeting the PKK militants in Ankara.

The bombing sparked condemnation of the Kurdistan Regional Government, which also demanded PKK fighters to leave the territory to avoid tensions with Turkey.

The border region between the Kurdistan Region and Turkey has been a hotbed of tension for decades, and PKK fighters have launched attacks from within Turkish territory, while Ankara’s forces have bombed those areas with artillery and combat aircraft and have also conducted ground incursions at times.

The KRG has repeatedly called on the PKK and Ankara to resolve their differences away from the territory, which has not been achieved so far.

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The region begins with dialogues with foreign countries to interfere in negotiations between Baghdad and Erbil

Baghdad / Obelisk: Spokesman for the Deputy President of the Kurdistan Regional Government, Samir Hawrami, announced, on Wednesday 1 July 2020, that the delegation of the Kurdistan Region negotiated started a round of dialogues with the European Union Mission and foreign embassies in Iraq.  

Hawrami said in a statement received by Al-Masala, that these meetings come in order to urge the European Union mission and foreign embassies in Iraq to play a greater role in the ongoing negotiations between Baghdad and Erbil in terms of financial dues, employee salaries and oil delivery.  

A member of the Kurdistan Regional Parliament, Sherzad Hassan, confirmed that these meetings with foreign embassies, nations and the European Union mission are normal.   

Hassan said: There are parties in Baghdad that do not want to abide by the constitution and press the Prime Minister in order not to sign the agreement and perpetuate the dispute with the region.  

He added that the dialogues and discussions with the European Union, the United Nations and foreign embassies are natural to urge them to play a greater role and urged the federal government to adhere to the provisions of the constitution in resolving contentious issues with the region.  

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@AliH_Allawi

The Kurdistan government requires two things to hand over oil revenues to Baghdad … and reveals a prospective visit

Time: 7/20/2020 18:24:30

{Baghdad: Al Furat News} The Kurdistan Regional Government announced, on Wednesday, that it informed the federal government of its willingness to hand over the proceeds of the sale of oil, subject to agreement first on two things, which could pave the way for folding the page of disputes over major files.

A spokesman for the regional government, Gottiar Adel, told a news conference in Erbil that the regional government had informed Baghdad of its willingness to hand over the proceeds of the sale of oil after agreeing first to the dues of companies investing in oil fields as well as export expenditures.

Adel added, that the delegation of the Kurdistan Regional Government will soon return to Baghdad to resume discussions on the outstanding differences.

Prime Minister Mustafa Al-Kazemi agreed to launch one-month salaries for the region’s employees, and mortgaged it on a regular basis on Baghdad and Erbil reaching an agreement on the oil file and the region’s share of the federal budget.

Since the decision to cut the salaries of the province’s employees, the two sides have held three rounds of discussions in the capital, Baghdad, to resolve the differences.

There are pending files between Baghdad and Erbil for many years, foremost among which is the file of managing the oil wealth and dividing its revenues, and the disputed areas between the two sides.

With regard to the internal affairs in the Kurdistan region, Adel said that “the mechanism of deducting a percentage of the salaries of the region’s employees was set according to the financial capabilities of the region’s government, and it may increase or decrease in the coming months.”

The Kurdistan Regional Government has decided to deduct 21 percent of employee salaries for the month of June, due to the financial crisis caused by the decline in oil prices and the Iraqi government’s cut of employee salaries.

As for the government reform plan, Adel explained that “the government will not marginalize the reform law,” noting that “the reform law means reviewing and organizing salaries, employee rights and imports.”

He added, “The job degree will be withdrawn for all who obtained it without a right, and this includes even retired people or those who have been referred to retirement with job titles and they do not deserve them.”

And he added, “From today, payrolls will be organized according to the biometric system.”

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The Finance Committee proposes to adopt a semi-annual budget

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The Economy News – Baghdad

The Parliamentary Finance Committee asked the federal government to prepare a semi-annual budget and send it to the House of Representatives for approval, in order to run the country’s financial affairs.

The committee’s rapporteur, Ahmed Al-Saffar, said in a statement reported by the official Al-Sabah newspaper and seen by “Al-Iqtisad News,” that “the committee was waiting for the government to send the budget to the parliament yesterday, Tuesday 6/30 according to the scheduled date.”

Al-Saffar added that “after delaying the budget, the government will rely on the monthly interim budget 1/12”, stressing, “The government should not rely on the 12/12 monthly budget for 2019, because the disbursement and revenue process requires a legal cover represented by the budget law.”

He explained that “either a monthly budget is passed, or a bi-annual budget law is sent for approval in the House of Representatives.”

Al-Saffar pointed out that “work without a headquarters budget law will not allow the parliament to exercise its oversight role over exchange and revenue, so we are waiting for the government’s opinion,” noting that “legal solutions lie in the approval law, which is not a substitute for the budget, so the committee agreed to Approving the budget so that the government can provide liquidity to implement its obligations, and that what is related to spending and revenue must have a legal cover. ”

The decision of the Finance Committee, Ahmed Al-Saffar stressed that “the implementation of Law 12/1 is not permissible in such circumstances, because the general situation of the country differed, and everything related to revenues, oil prices and exchange gates also changed, so without a budget approval the government is not entitled to receive any revenue , And the only legal cover is the budget law. ”

He said that “the committee communicates with each other via the Internet because of the health status of the Corona pandemic and the disruption of the council.” Of the investment approved by the House of Representatives within the borrowing law, and up to 15 percent of the amounts borrowed for ongoing projects in the 2019 Budget Law, and approved in the House of Representatives, with work to prepare the budget of 2021, both operational and investment, and that is the legal solution.

Al-Saffar reiterated that “the government should focus on the operational side of the semi-annual budget, as well as focus on the investment side for 2020 relocating to the budget of 2021, and that the government start preparing a draft budget for 2021.”

It is reported that yesterday, Tuesday, June 30, the supposed legal period for sending the general budget to 2020 to parliament expired without accomplishing this, so that parliamentary requests to prepare it for six months or a month only come.

http://economy-news.net/content.php?id=20896

Parliamentary finance determines the reasons for the delay in the salaries of employees

Political | 12:41 – 01/07/2020

Baghdad – Mawazine News,

The Finance Committee in the House of Representatives, on Wednesday, identified the reasons for the delay in the launch of employee salaries for the month of June.

And the committee member, Adnan Al-Zorfi, said, according to the official media, that “the salaries of the employees will be launched by the Ministry of Finance during the coming days after the completion of transferring the procedures for transferring cash from hard currency to Iraq.”

He added that “the reason for delaying the payment of salaries is due to the procedures for the currency conversion period and not to transfer the salary payment every forty days as is rumored.”

Earlier, Prime Minister Mustafa Al-Kazemi instructed the Ministry of Finance to expel the salaries of employees. Ended 29 / A 43

https://www.mawazin.net/Details.aspx?jimare=107836