The consultant of the Finance Committee, Hussein Mounes, confirmed nowadays, Tuesday, that the put off in disbursing employees’ salaries is specially due to the lack of the essential cash liquidity, as the month-to-month dues exceed the barrier of 8 trillion dinars, which places the state before major demanding situations in dealing with its expenditures.
In a unique declaration to “dinaropinions.com”, Mounes stated that “the expected spending quantity inside the three-12 months price range could be very huge compared to the size of sales, which creates a country of financial confusion and restricts the kingdom in coping with its resources,” including that “lowering the spending quantity in operating budgets has end up vital to reduce economic pressures and make certain the sustainability of liquidity.”
He added: “it’s miles vital to paintings on lowering the stress of working fees at the side of improving oil sales, with a view to provide the kingdom greater flexibility in handling its sources. This hassle isn’t always intractable, and it’s far on its way to being solved once the necessary cash liquidity is available.”
Mounes concluded by using announcing: “persevering with to control the kingdom with these ineffective rules will complicate the economic landscape, and it’s miles necessary to cope with this trouble substantially in the upcoming budgets to make sure the stableness of the economic situation and acquire flexibility in managing spending and revenues.”
