Good news for retirees in Iraq

Shafaq News / The financial advisor to the head of the Iraqi caretaker government, Adel Abdul-Mahdi  , Muthehar Muhammad Saleh revealed on Wednesday that the government secured the salaries of employees and retirees for the current year despite the fact that the federal budget for Iraq for 2020 was not approved yet.

Saleh told the official Al-Sabah newspaper, “We secured the employees and retiree’s salaries for 2020 and have no impact on them, especially as the cash flow of the budget is reassuring.”

He added that "there are understandings between the House of Representatives and the Ministers to present a workable budget that meets its social and economic goals, and work is continuing to be prepared by the relevant Ministry of Finance, although the government is a caretaker government that cannot pass bills."

He explained that "the budget for 2020 needs to be re-organized towards reducing expenditures, reducing the deficit, maximizing some resources and creating what is called financial sustainability, that is, the budget has the ability to spend and this requires time to prepare it properly."