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I told her not to spend it now.” Baghdad sends more than 300 billion dinars to Erbil

Today, Saturday (September 26, 2020), an informed government source revealed that the central government has sent more than 300 billion dinars to the account of the Central Bank of the Kurdistan Region, allocated for salaries for the region’s employees.

The source said in an interview with (Baghdad Today), “The Ministry of Finance sent an amount of 320 billion dinars and placed it in the central bank branch in Erbil with the accounts of the Kurdistan Regional Government.”

And, that “Baghdad did not give the regional government a notice of disbursement, so that it can disburse the salaries of employees in the federal government as a first step.”

He added that “after paying the salaries of employees in Baghdad, the notification will be given to disburse the amount of 320 billion dinars allocated for the salaries of employees in Kurdistan, after the entire regional government takes up the sums and revenues it gets from the sale of oil and the proceeds of the outlets and other internal revenues, where the total number of salaries is 895 billion.” JD and distribution will start in the middle of this week. ”

He pointed out that “the Kurdistan Regional Government decided to distribute salaries this month by reducing the deduction rate to 18% instead of the previous rate of 21%, after its internal revenues.”

Today, Saturday (September 26, 2020), the Parliamentary Finance Committee revealed the reason for the Ministry of Finance’s failure to pay the salaries of all employees for the current month of September.

The reporter of the committee, Ahmed Al-Saffar, said in an interview with (Baghdad Today), “The information that we received from sources close to the Ministry of Finance, that technical technical problems in transferring funds from the Central Bank to banks caused the delay in paying employees’ salaries for the current month of September.”

And on the existence of a lack of financial liquidity, he stressed, “There are no problems with financial liquidity and financing, and that the financial loan is sufficient for the ministry to pay the salaries of the current month and perhaps even next month.”

An informed source in the Ministry of Finance stated, on Friday, that the Ministry of Finance is refraining from releasing the salaries of employees of all ministries, while he disclosed that the salaries of employees of the self-financing departments have been stopped.

The source said in an interview with (Baghdad Today), “The Ministry of Finance refrains from releasing the salaries of all ministries’ employees for the month of September, without knowing the reasons behind this.”

On the other hand, a source confirmed, “To stop paying the salaries of the employees of the self and central financing departments and from all banks without exception, while they are awaiting the arrival of financing and special notification from the Ministry of Finance to start the distribution process.” Source