2024-02-25T07:55:23+00:00
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/ The Iraqi Ministry of Finance denied, on Sunday, political statements indicating the absence of “financial liquidity”, stressing its commitment to securing salary funding on an ongoing basis.
The ministry said in a statement received by Agency, “In response to what was reported by some television channels, it (the Ministry of Finance) expresses its surprise at the allegations of some political and media figures regarding the lack of sufficient cash liquidity to secure the salaries of state employees.”
In this regard, the Ministry stressed that “the financial plans it prepared within the government’s public spending program included taking several measures and procedures consistent with the provisions of the Federal Financial Management Law No. (6) of 2019, as amended, and the Federal General Budget Law No. (13) of 2023, and implementing the unified treasury system, by completing the budget schedules for the fiscal years 2024 and 2025 and submitting them to the Council of Ministers for approval, thus securing employee salaries, the social protection network, and retirees’ salaries without hesitation or delay through its cash balances carried over from the previous year and its oil and non-oil revenues.”
She explained that the ministry is committed to securing salary funding on an ongoing basis and directing the resumption of official working hours on Fridays and Saturdays in order to complete the distribution of state employees’ salaries without delay.
The ministry also explained that the financial and economic reform plan adopted by the government led to a significant increase in economic growth, and achieved an important source of state resources through the increase in development projects and the re-operation of a number of closed factories, especially food and construction factories, as the production rate increased in several projects within the framework of the development vision for the Iraqi economy, diversifying it, reducing dependence on oil revenues as the sole source of the budget, and maximizing non-oil revenues.
She added that the Ministry of Finance has not issued any statement in this regard, especially since the government reforms depended on expanding the private sector’s participation in securing greater job opportunities.
She stressed the need to adhere to what it issues, as it is the only body that manages financial affairs in Iraq, explaining that any statements of this kind create unnecessary confusion and tension.
The ministry called for relying on news and information through its official website and social media pages without getting confused by non-existent information, according to the statement.