Parliamentary Economic confirm Iraq's ability to pay its employees' salaries if ...
Parliamentary Economic confirm Iraq's ability to pay its employees' salaries if oil prices continued to decline
12/23/2015 0 Comments
Confirmed a member of the Committee on the economy and investment representative, on Wednesday, Iraq's ability to pay its employees' salaries for the next 2016, even in the event of continuing decline in world oil prices, indicating that the Ministry of Finance the authority to issue bonds and sell them in the Iraqi and international markets to secure salaries in anticipation of the worst-case scenario.
A member of the Commission, Najiba Najib, in an interview to the (long-Presse), said that "Iraq is still able to pay its employees' salaries in the next 2016, because the state did not reach to the point of bankruptcy will not be reached by, despite the difficult financial crisis facing", noting that " the Ministry of Finance the authority to issue bonds and sell them in the Iraqi and international markets, to provide salaries next year in anticipation of the worst-case scenario. "
She said Najib, that "the government is striving to fight corruption around a clear and tangible, what will save large sums of money, with the revenue from the sale of oil", usually that "do not have to fear for their employees' salaries, even with the continued decline in oil prices."
He revealed the Minister of Higher Education and Scientific Research, Hussain al-Shahristani, in (Al17mn December the current 2015), for the lower than expected government revenues by 25 percent in two weeks because of the fall in world oil prices, stressing that that decline came from the control of OPEC, which led to a decline in revenues Iraq for less than a third of what it was in previous years.
The head of the Council of Ministers, single-Abadi counting, in, (the 15th of December, the current), that the decline in world oil prices, "the most serious challenge" facing Iraq next to "terrorism", and stressed the government continues to reform and simplify procedures and "would not retreat from it," While new to invite Turkey to withdraw its troops immediately, he urged the media to "carefully" and not to "break the will" of Iraqis. The world oil prices have fallen about 60 percent since the summer of 2014 the past.