Parliamentary finance reveals 3 options for securing salaries as oil continues to decline

04/12/2020 10:02:25
 
{Baghdad: Al Furat News} The decision of the Parliamentary Finance Committee confirmed the possibility of securing the salaries of employees in the coming months with the continued decline in oil prices

Ahmed Al-Saffar said in a press statement that salary insurance is "through finding alternatives, including resorting to central bank reserves or internal borrowing, or imposing exceptional taxes, which is one of the solutions that most countries resort to in times of wars, disasters and crises."

He explained, "These taxes are imposed on high income earners from giant companies and economic families that have large capital."

The Parliamentary Finance Committee revealed yesterday, Saturday, the preparation of a new salary scale that balances job grades in all ministries.

Committee member Adnan Al-Zorfi said in a press statement that "the government directed in the civil service law to draw or prepare a new salary scale that balances the job grades in ministries and independent bodies, especially with regard to bonuses and promotions."

He added, "It also recommended that there be a minimum acceptable for the employee, provided that the rate should not be less than 400 - 500 thousand dinars, and this policy depends on the government and not on the parliament."

In 2015, the Council of Ministers approved a decision to amend the salary scale for employees.

He indicated in a statement at the time, that the new ladder will achieve improvement between the levels of the lower and higher levels and reduce differences.

Ammar Al-Masoudi

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