Initiate the payment of salaries for the month of July in Iraq







2020-07-26 07:55

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Shafaq News / The Rafidain Bank announced that it will begin distributing the salaries of the   ministries and institutions of the endemic country their salaries to the bank for the month of July   through electronic payment tools.

The media office of the bank said in a statement received by Shafaq News, that the salaries of employees of state ministries and institutions from those whose bonds have been paid, financing their salaries, and financial allocation with the bank have been distributed.

The statement indicated that employees can receive their salaries from anywhere they are.

Member of the Parliamentary Finance Committee Jamal Kujer told Shafaq News earlier in the day that high oil prices and domestic and foreign borrowing secured employee salaries for the month of July .

The Iraqi government is struggling to secure employee salaries and other operating expenses due to the collapse in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world economy. The country relies on revenue from the sale of crude to finance 95 percent of the country’s expenditures .

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


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