Finance Committee refuses to deduct 10% of employees' salaries and calls for borrowing

BAGHDAD / JD / .. rejected the parliamentary finance committee, proposed the deduction of 10% of the staff and the salaries of retirees in the event of continued decline in oil prices during the current year, while confirming the validity of the forecast by the Finance Minister about the lack of possibility of the government staff salaries in next April.
A member of the committee MP Sarhan Ahmad told / JD /: The committee rejects the proposal made by some economists on the deduction of 10% of employees and retirees' salaries because it is not in the budget, noting that the budget in 2016 and put some of the solutions to address the fiscal deficit.
He explained that among the solutions contained in the budget authorize the Federal Minister of Finance to continue to borrow after Cabinet approval for the purpose of bridging the deficit in the budget of the International Development Bank, $ 500 million and a loan from the Japanese International Cooperation Agency in the amount of 742.337 million dollars in addition to issuing domestic bonds to the public and to issue bonds Foreign Affairs, as well as borrowing from commercial banks.
He noted that the expectations and Finance Minister Hoshyar Zebari on the government may not be able to pay the salaries of employees in the month of April right next to it and the Minister for a federal government which is in contact with what is happening in the country's financial situation.
The Finance Minister, Hoshyar Zebari, has warned in a television interview with Roudao network media, that the Iraqi government will not be able employees' salaries for the month of April next April distribution if the oil price remains low, but pointed to the existence of Options Kalaguetrad and raise the price of basic services and the sale of sovereign bonds.