communicate of a cash shortage is inflicting developing concern amongst kingdom personnel and social welfare recipients, mainly after salaries have been delayed over the past month.
This postpone has sparked significant resentment among businesses that depend specially on their salaries to cover their dwelling wishes, in light of the tough economic situations the united states is going through.
on this context, the member of the Board of administrators of the central bank, economic professional Ahmed Brihi, showed in a unique announcement to /dinaropinions.com that the put off in disbursing salaries has not anything to do with a lack of coins liquidity, but is due to technical reasons only, reassuring personnel and beneficiaries of social care that there are no issues approximately disbursing salaries.
For its part, the Parliamentary Finance Committee commented at the Iraqi Ministry of Finance’s statement of a monetary deficit in one among its legit books, warning of the possibility of the disaster worsening inside the coming months.
in this regard, committee member, Mohammed Nouri, explained in a press statement observed with the aid of / dinaropinions.com /, that the committee had previously indicated the lifestyles of a real monetary deficit inside the Ministry of Finance regarding the cash liquidity needed to pay salaries. He introduced that the delay in disbursing salaries in the course of one of the past months was due to this deficit, noting that the ministry denies this regardless of issuing an reliable letter acknowledging this deficit.
Nouri explained that this deficit isn’t related to america sanctions on Iraqi banks, but as a substitute is due to Iraq’s entire dependence on oil revenues, which means that that any fluctuation in prices without delay influences the availability of liquidity and delays the transfer of price range, as Iraq depends on the sale of oil to finance its monetary duties, maximum appreciably salaries.
In evaluation, the Ministry of Finance introduced on Tuesday, in an official declaration received via / dinaropinions.com / a copy of it, that the Accounting department has all started financing the salaries of kingdom employees for the month of February, in keeping with the accepted financial contexts and allocations allotted within the widespread budget law. The Ministry referred to as on spending gadgets in ministries, governorates and entities now not affiliated with a ministry to send their authorized representatives to complete the earnings financing necessities, beginning from Wednesday, with emphasis on adhering to the accredited monthly financing schedule and enjoyable all required strategies.
