Minister of Finance announces full funding of regional employees’ salaries for 2024

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Minister of Finance announces full funding of regional employees’ salaries for 2024

Finance Minister Taif Sami showed that the salaries of the area’s employees for the 12 months 2024 had been completely funded, even as indicating that the salaries of personnel at some stage in 2025 are fully secured. A declaration with the aid of the Parliamentary Finance Committee stated that it “hosted Finance Minister Taif Sami to speak about the usa’s financial state of affairs and the most distinguished challenges dealing with the financing and spending method and securing a few necessities.”

Sami confirmed, in step with the announcement, that “the Ministry of Finance had fully funded the salaries of the place’s employees for the yr 2024, and is not responsible for no longer handing over them to their beneficiaries,” noting that “the salaries of employees all through 2025 are fully secured.”

She defined that “one of the maximum distinguished challenges facing the ministry in implementing the 2024 price range and the deficit in it came because of the federal government paying greater than 11 trillion in salaries to employees of the Kurdistan area, even as the authorities in Kurdistan did no longer hand over the area’s oil and non-oil revenues to the center, and this was contemplated negatively in the financing of other governorates.”

She also explained that “the audit stability file confirmed that the location’s non-oil sales amounted to more than four trillion dinars, and Erbil handiest despatched 320 billion dinars to Baghdad.”

The Minister of Finance confirmed, in reaction to the change of Article 12 of the proposed finances law, that “the document is technical, and the ministry isn’t always yet privy to it, however it has made the fee of dues to companies operating inside the oil fields in the location conditional on the submission of stories that consist of full details of the costs of production, transportation and inner intake, with a view to encompass them inside the 2025 budget tables, in addition to turning in to the place all of its oil and non-oil sales; so that you can relaxed those dues from the federal government.”

Sami stated that “the Ministry of Finance had fully funded the salaries of the area’s employees for the year 2024, and isn’t liable for no longer handing over them to those entitled to them.”

within the equal context, the assertion defined that “the Finance Committee determined to form a subcommittee to observe up on the Kurdistan location’s dues during the years 2024-2025, and to observe the pending problems between Baghdad and Erbil.”

He added, “The committee also determined to host the general managers of the budget and accounting departments on the Ministry of Finance next Monday to talk about a few issues related to the kingdom’s monetary policy.”