Source reveals Walter reasons prompted gov't to expedite issuance of new salary scale
A source reveals Walter reasons prompted the government to expedite the issuance of the new salary scale (Details)
An official source reveals the reasons that prompted the government to expedite the issuance of a new salary scale, to ensure the quality of cuts on top salaries of state employees, as well as those with special grades, which indicates the source, who requested anonymity, that this peace is among the deep financial reforms to be approved package In the coming days, in a series of austerity measures pursued by the government of al-Abadi, the impact of lower oil prices and access to unprecedented levels in a decade.
Explains the source said the government had made earlier at the request of the World Bank for a soft loan, to overcome the financial crisis faced by the country, and indeed the bank sent advisers to the State Audit, and evaluation of the financial situation, the Panel had recommended the Iraqi government to conduct reforms and clear on salaries that exceed 70% of the country's total revenue, and drain all the capabilities of the Malian government, as well as an exchange forced the staff of the losing state-owned companies which are 72 companies under the Ministry of Industry and Minerals in Iraq, as well as the lifting of government subsidies for food in the ration card items, and also the removal of subsidies on fuel and oil derivatives prices.
Source shows that the government of al-Abadi tried to avoid these steps initially, but the deterioration of the financial situation, and lower revenue paid recently to accept making the repairs, and so began the first procedure, a so-called new salary ladder.
He points out that the World Bank responded immediately after the announcement of the move and announced his intention to double the amount of the loan early 2016, Abadi if the government continued to hold financial reforms.
The Iraqi Ministry of Finance announced on the first of July, that Iraq Siqtrd $ 2.3 billion from the World Bank in an effort to bridge the country's budget deficit and the expenses of the war against Daash.