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Shafaq News / Today, Tuesday, a member of the Finance Committee, Representative Jamal Cougar reassured the employees about their salaries, stressing that the government has no excuse not to pay them after the borrowing law and the oil increase were approved.
Cougar told Shafaq News, “The government announced that it currently owns the borrowing law previously approved by Parliament, and therefore it has the ability to pay salaries, and it can no longer claim its inability to pay the salaries of employees.”
Cougar added that “the rise in oil prices once again has provided the government with more financial returns and will help it skip the stage in providing money for operational expenditures,” adding that if “there are other reasons or arguments in the inability to provide these salaries, they should declare them and announce them to the concerned authorities, either.” Parliament or officials were directly concerned with the salary issue. ”
It is noteworthy that, on June 24, parliament approved a bill presented by the government for internal and external borrowing.
The government had submitted the bill, which includes foreign borrowing of $ 5 billion, and internal borrowing of $ 15 trillion to bridge the country’s fiscal deficit.
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 crippled large sectors of the world economy. The country relies on revenues from selling crude to finance 95 percent of state expenditures.