Follow-up / Resource News
Today, Monday, a member of the Parliamentary Economic and Investment Committee, Faleh Al-Ziyadi, held the government responsible for the delay in paying employees’ salaries, pointing out that the government is trying to create a gap between the parliament and the Iraqi street.
In a statement followed by Al-Mawred News, Al-Ziyadi said, “The Ministry of Finance is trying, by blaming the delay in paying salaries, on the House of Representatives, to create a gap and crisis between parliament and the Iraqi street,” stressing that “the government bears full responsibility for the delay in paying salaries.”
He added, “There is clear government confusion in the statements of the government spokesman and the Minister of Finance.”
He pointed out that “the Presidency of the Council of Ministers did not even respond to the book sent by the Finance Committee regarding Ahmed Mulla Talal’s recent statements regarding the possibility of paying salaries without referring to borrowing.”
Yesterday, the Minister of Finance, Ali Allawi, confirmed that the salaries of employees for the month of October may be paid after two weeks if the law on financing the fiscal deficit has not passed in the House of Representatives.
Allawi said in a statement to the official news agency (Baghdad today) that “the financial crisis that the country is going through is not born today, and if the parliament votes on the deficit financing law, salaries will be released directly.”
He added that “reducing Iraq’s share of oil exports has an impact on revenues,” noting that “options to maximize revenues quickly and in the short term in order to bridge the deficit are almost impossible.”
Allawi added that “the current government faced the crisis without financial liquidity,” noting that “the salaries of employees for the month of October may be paid after two weeks if the deficit financing law has not passed.”
Speaking about internal borrowing to secure expenditures, the Minister of Finance explained that “the mechanism for repaying domestic borrowing is through the revenues generated from oil and the benefits resulting from hypothetically,” noting that “Iraq’s external debts range from 60 to 70 billion dollars, while the internal debt is estimated at 60 trillion. Dinar”.
And that “there is a strong trend to activate the collection of electricity through the installation of electronic meters,” stressing that “the 2021 budget will be presented this month and includes the implementation of the first phase of the white paper