The Minister of Finance requests to appear before Parliament to reveal the truth about the financial crisis in Iraq.
On Monday, Iraqi Finance Minister Faleh Sari submitted a formal request to the Speaker of Parliament to host him at the next parliamentary session dedicated to presenting the financial and economic situation the country is going through. MiddleEast news
Sari said in a statement received by Shafaq News Agency that the request to host the meeting stems from the ministry’s keenness to present the people’s representatives with an accurate picture of the financial and economic reality, the measures taken by the ministry to ensure the fulfillment of the state’s basic obligations, the continuation of the implementation of financial and administrative reform programs, and to explain the most prominent challenges facing public finances in light of the current regional changes.
Iraqi government spokesman Haider al-Aboudi confirmed that Iraq is facing “severe” financial challenges, noting that the government needs about 10.8 trillion dinars monthly to cover employee salaries and public expenses, while the country’s oil revenues do not exceed 2.5 trillion dinars.
Al-Aboudi acknowledged in a televised statement that this financial crisis has directly affected the salary distribution schedule, leading to delays and irregularities in payment compared to previous months, stressing that this situation will continue until the government is able to cover the existing financial deficit.
Earlier, Iraqi Health Minister Abdul Hussein Al-Moussawi said that the government is facing a liquidity crisis that has made securing salaries its priority, while confirming that the General Company for Marketing Drugs and Medical Supplies (Kimadia) has received only 15% of its budget, which has led to its bankruptcy, the disruption of new contracts, and the threat to drug supplies.
Shafaq.com