News, Rumors and Opinions Thursday Morning 7-2-2020
TNT:
Tishwash: Salaries ... available liquidity and silent empty and financial pockets
It has been about two weeks since the Iraqi employees working in the public sector received their monthly salaries, and many of them are waiting to receive their usual wages as if they were a financial “reward” and not a salary due for their work.
Employees have also become afraid of deductions that may be imposed by the authorities or other measures affecting their livelihoods, given the complex financial difficulties the Government has contributed to, and several factors exacerbated it; Including low oil prices, reducing Iraq's oil share after the "OPEC" agreement, and the economic effects of the Corona pandemic, in addition to the monetary and economic policies pursued by previous governments.
Despite the directives that Prime Minister Mustafa al-Kazimi issued last Saturday to the Ministry of Finance to pay the salaries of state employees and retirees, and despite the relative improvement in the country's financial revenues derived from oil imports after the recent improvement in its prices, the government is still unable to adhere to the fixed monthly dates for the distribution Salaries are the result of the gap between the country's financial incomes and wage and salary expenditures, which are estimated at between 5 and 6 trillion Iraqi dinars per month (about $ 5 billion). The Prime Minister spoke a few days ago that his government had found an "empty treasury".
Yesterday, member of Parliamentary Finance Committee Adnan Al-Zarfi attributed the delay in the disbursement of employee salaries for the month of June to the duration of the currency conversion procedures.
He said in a press statement, "The delay in paying salaries is due to the currency conversion procedures, not to transfer salaries exchange every 40 days as is rumored," adding that "salaries will be launched by the Ministry of Finance during the coming days after completing procedures for transferring cash from hard currency to Iraq. ".
And broad sectors of Iraqi employees talk about the government deliberately delaying salaries by about 15 days to avoid distributing salaries about two months of each year, but government authorities deny this and invoke its financial crisis.
"I was supposed to receive my salary and the rest of my colleagues on June 16, but we have not received any notification yet," said Wafa Raji al-Fatlawi, the school at the University of Technology, in a press statement.
"Most employees feel very concerned these days, and they think that the government is practicing with them a kind of slow death policy, and there is a real fear that the authorities will be unable to fulfill their full obligations in the coming months," she added.
She pointed out that "the majority of employees suffer from harsh conditions; they have due financial obligations, and the delay in receiving salaries creates great problems for them. Unfortunately, the options are lacking before us, so we cannot demonstrate and protest because of the fear of the Corona virus."
Although the central bank confirmed the availability of the necessary cash to the Ministry of Finance to distribute salaries, the majority of employees did not receive the salaries of last June, which reinforces the concerns of many Iraqi families about their sources of income.
till then; The delay in paying the salaries of the employees paid the Oil Products Distribution Company affiliated to the Ministry of Oil yesterday to alert Al-Rashid Bank and the two state-owned Rafidain.
The document issued by the company addressed the two banks, saying: It is, "Given the repeated delays of the private salaries of our company employees, whose salaries are with you for the second month in a row on the Master Card from the date of June 16, until the date of June 30, contrary to the provisions, we warn you that you must adhere to the terms of the agreement and release our citizenship salaries with you in a manner Urgent, and the failure to pay salaries for the coming months, otherwise, legal action will be taken against you. "
With a source in the Rafidain Bank told {Euphrates News} that “the bank is awaiting the state of the employees, the Ministry of Finance will notify the employees’ salaries, ”stressing,“ We do not know the reason for the delay in exchange despite the availability of financial liquidity to start distribution. ”
He was MP for the State of Law bloc Mansour Baaja delay employees and retirees pay the salaries for the month of June to now , especially after the announcement of the concerned authorities to provide financial liquidity for three months and the next state employees to date have not been paid and do not know the reason for delay. "
Said Baaja in today 's statement Thursday : " There is floundering It is clear to state institutions, including the Ministry of Finance, on the understanding that the Prime Minister has instructed them to pay salaries for nearly seven days, and the Ministry of Finance has not paid salaries to this day and did not explain the reason for not paying them, "noting that" in the House of Representatives we have initiated the law of internal and external borrowing from In order to provide financial liquidity, the law was approved and the competent authorities announced the provision of liquidity and the salaries were not spent. "
Al-Baiji called, "The prime minister to move quickly and order the payment of salaries of employees and retirees during the next two days and without any delay, especially as delaying them harms a large segment of the Iraqi people and cannot be allowed to do so is something that affects the life of the citizen. We are living a major health crisis and delaying the payment of salaries will exacerbate this crisis." .
For his part, the Director General of Accounting at the Central Bank of Iraq, Ihsan Shamran, said that the salaries of the employees would be disbursed at the beginning of next week, pointing to “re-deduction of bonds in favor of the Ministry of Finance by about 8 trillion dinars and that it would enable the Ministry of Finance to secure the employees’ salaries for the months of July and August. ”
Shamran stressed " the central bank is easy on the Ministry of Finance and the process of debt repayment for 10 years and now can receive money from the banks , “ link
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Courtesy of Dinar Guru https://www.dinarguru.com/
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