Parliamentary Finance to «Economy News»: The retirement fund is facing bankruptcy
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Parliamentary Finance to «Economy News»: The retirement fund is facing bankruptcy
by RamblerNash Wed Mar 24, 2021 12:44 pm
MP Haitham Al-Jubouri
3/24/2021
Economy News - Baghdad
The head of the Parliament's Finance Committee, Haitham al-Jabouri, announced that the retirement fund is destined for bankruptcy due to government policies.
Al-Jubouri told Al-Iqtisad News, "The Iraqi government pays annually from the state treasury for transitional justice laws represented by the salaries of victims of terrorism, political prisoners, Rafha and others, 20 trillion dinars," adding that the pension fund takes retirement pensions estimated at 10% of the salaries of employees and 15% Paid by the Ministry of Finance. "
He stressed that the pension fund is currently paying 23% more money than its revenues, which means that the retirement fund will go bankrupt completely within 4 years, indicating that this bankruptcy is due to the laws that were issued and the increase in the minimum wage and others.
https://economy-news.net/content.php?id=24581
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