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Financial representative: launch the 100 salary advances after torrents of cash
2015 03/26/09
The parliamentary Finance Committee, confirmed Thursday that predecessor 100 salary for staff will provide liquidity.
A member of the Committee told the agency/information/, that "the salary advance stalled for lack of financial liquidity at banks and the Finance Ministry informed us after we inquired about the reasons for not launching the advances".
The Ministry said that in the event of financial abundance check for general budget will launch these advances ".
He noted "a Government in granting soft loans for small enterprises" stating that "the Government is develop mechanisms to support these projects and amount of this support.
The Finance Ministry had earlier confirmed that the off his predecessor 100 salary and the 5 million comes as a result of the lack of liquidity to banks and banking regulatory actions needed.
Mentioned, the Ministry of Finance decided since 2008 and Al Rafidain Bank by Rasheed and in coordination with ministries and Government departments, granting loans and advances to employees on the staff member's service is not less than five years according to the conditions specified for it, that the loan does not exceed 50 million 8% interest to be paid over 10 years. Finished/25 St.
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2015 03/26/09
The parliamentary Finance Committee, confirmed Thursday that predecessor 100 salary for staff will provide liquidity.
A member of the Committee told the agency/information/, that "the salary advance stalled for lack of financial liquidity at banks and the Finance Ministry informed us after we inquired about the reasons for not launching the advances".
The Ministry said that in the event of financial abundance check for general budget will launch these advances ".
He noted "a Government in granting soft loans for small enterprises" stating that "the Government is develop mechanisms to support these projects and amount of this support.
The Finance Ministry had earlier confirmed that the off his predecessor 100 salary and the 5 million comes as a result of the lack of liquidity to banks and banking regulatory actions needed.
Mentioned, the Ministry of Finance decided since 2008 and Al Rafidain Bank by Rasheed and in coordination with ministries and Government departments, granting loans and advances to employees on the staff member's service is not less than five years according to the conditions specified for it, that the loan does not exceed 50 million 8% interest to be paid over 10 years. Finished/25 St.
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