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Finance Ministry sources: certainly could not do after three months to pay the salaries of all employees
05/02/2015 15:33
Maher Abdel Latif
Tomorrow Press / Baghdad: Knowledgeable sources in the Ministry of Finance, on Thursday, for a deficit in the state treasury, prevents the salaries of all employees dam, after three months, if oil prices continued on these prices. The source, who declined to be identified for "tomorrow Press "that" the rest of the money in the state treasury may fill the salaries of staff in just the next three months, and then will face the Ministry of Finance deficit bridged completely, "he said, adding that" the Iraqi state revenues from oil have fallen dramatically, without leaving the previous government any financial stocks fill this deficit. " He explained that "the current Finance Minister Hoshyar Zebari revealed to the House of Representatives and Minister nature of the crisis in Iraq, and the need to begin a severe austerity to meet the employees' salaries, at least," adding that "the financial budget, which is the basis relied on oil exports Iraq, dependent on sales in the oil market styles, as some companies that buy Iraqi oil company SOMO not received money owed soon. " To the detection of early source from within the ministry, for the study of the idea of borrowing money to meet the severe deficit in the fiscal budget approved by parliament last week. " He told "tomorrow Press" that "the advertiser of about 25 trillion dinars size of the deficit, record according to data expected revenues," adding that "any defect in the export or the steepest drop from the current time will increase the fiscal deficit." He added that "the payment of financial dues Iraq to export oil does not come one at a time, which may affect the payment of staff salaries on time," adding that "the Council of Ministers proposed to the ministries inform staff that there a delay in the delivery date of salaries." And the voice of Representatives on the financial budget last Saturday, a specific price of a barrel of oil at $ 55, while the current oil prices ranging from $ 50 to $ 52.
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05/02/2015 15:33
Maher Abdel Latif
Tomorrow Press / Baghdad: Knowledgeable sources in the Ministry of Finance, on Thursday, for a deficit in the state treasury, prevents the salaries of all employees dam, after three months, if oil prices continued on these prices. The source, who declined to be identified for "tomorrow Press "that" the rest of the money in the state treasury may fill the salaries of staff in just the next three months, and then will face the Ministry of Finance deficit bridged completely, "he said, adding that" the Iraqi state revenues from oil have fallen dramatically, without leaving the previous government any financial stocks fill this deficit. " He explained that "the current Finance Minister Hoshyar Zebari revealed to the House of Representatives and Minister nature of the crisis in Iraq, and the need to begin a severe austerity to meet the employees' salaries, at least," adding that "the financial budget, which is the basis relied on oil exports Iraq, dependent on sales in the oil market styles, as some companies that buy Iraqi oil company SOMO not received money owed soon. " To the detection of early source from within the ministry, for the study of the idea of borrowing money to meet the severe deficit in the fiscal budget approved by parliament last week. " He told "tomorrow Press" that "the advertiser of about 25 trillion dinars size of the deficit, record according to data expected revenues," adding that "any defect in the export or the steepest drop from the current time will increase the fiscal deficit." He added that "the payment of financial dues Iraq to export oil does not come one at a time, which may affect the payment of staff salaries on time," adding that "the Council of Ministers proposed to the ministries inform staff that there a delay in the delivery date of salaries." And the voice of Representatives on the financial budget last Saturday, a specific price of a barrel of oil at $ 55, while the current oil prices ranging from $ 50 to $ 52.
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