Representative economy: the delay in salaries will lead the country to recession and the death of the private sector

by **claud39** Tue Oct 06, 2020 11:42 am

Representative economy: the delay in salaries will lead the country to recession and the death of the private sector

10/6/2020

Representative economy: the delay in salaries will lead the country to recession and the death of the private sector 23424

Economy News _ Baghdad

The Economic and Investment Committee warned, on Tuesday, that the delay in salaries will lead the country into an economic depression, and that it will kill the private sector, while noting that employees have monthly loans and obligations that cannot be violated.

Member of the Committee, Deputy Nada Shaker Jawdat, said in a press interview, "The government is required to disburse the employees' delayed salaries by borrowing very quickly through government and private banks to cover the missing amounts."

"The delay in salaries cannot continue, as it will lead to a major economic depression in the markets and contribute to the death of the private sector without any return," she added.

Jawdat pointed out that "employees and citizens in general have obligations and loans that cannot be violated just because of the competition between parliament and the government over the borrowing law," noting that "employees are not guilty of what is going on in political discussions or who is responsible because their obligations are imposed and cannot be ignored." ".

Prime Minister Mustafa Al-Kazemi said yesterday from Dhi Qar that the employee salaries crisis will be resolved within 24 hours.

https://economy-news.net/content.php?id=22140

by **claud39** Wed Oct 07, 2020 12:40 pm

Al-Rafidain begins distributing employees' salaries for the month of September

10/07/2020

Representative economy: the delay in salaries will lead the country to recession and the death of the private sector 23434

Economy News _ Baghdad

Al-Rafidain Bank announced, on Wednesday, that it will start distributing employees' salaries for the month of September and the following days.

The bank’s media office said in a statement that “Al-Eqtisad News” received a copy of it, that “based on the directives of the Minister of Finance and with follow-up, management and supervision by the bank’s director general, the bank’s branches today in Baghdad and the governorates began permanently to distribute the employees’ salaries for the month of September. ”

The statement added that "this was done according to the order and timing specified for each department after the arrival of its financing and financial allocation and raising its salaries without delay."

https://economy-news.net/content.php?id=22147

by **claud39** Wed Oct 07, 2020 12:43 pm

The Ministry of Finance confirms that it will continue to finance the salaries of the month of September, and the news of its suspension is not correct

Wednesday, October 7, 2020

[url=http://www.mof.gov.iq//Lists/Banner/Attachments/848/logo f.jpg][/url]

Representative economy: the delay in salaries will lead the country to recession and the death of the private sector Mof-design-f-2-(2)-slice_03

Today, the Finance Ministry confirms that it has started the process of financing overdue salary benefits. As a large number of ministries and government departments were fully funded today, and the process will continue on Sunday with other departments. The Ministry of Finance, the Accounting and Banking Department, will make every effort to complete the procedures for disbursing the salaries of state departments and governorates.

In addition, today government banks launched the salaries of all government departments and self-financing companies. Al-Rafidain and Al-Rasheed banks will continue working tomorrow and the day after, in order to disburse salaries for the central financing that was funded today

The Ministry of Finance calls on the public not to pay attention to false or fabricated news, and to rely on the ministry's bulletins as reliable.

Information Office of the Minister of Finance

http://www.mof.gov.iq/Pages/MOFBannerHeadlineDetail.aspx?BannerNewsID=848