Baghdad Today

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A decisive agreement that solves the crisis … Passing the borrowing law and launching salaries next Monday

An informed source said, Wednesday (November 4, 2020), that the House of Representatives will vote on a bill to finance the fiscal deficit, next Monday.

The source said in an interview with (Baghdad Today), “The fiscal deficit law, or what is called (borrowing), will be passed next Monday within the House of Representatives.”

He added, “The salaries will be disbursed on the same day that the vote on the law submitted by the Ministry of Finance is done.”

He pointed out that “these data come after the government and parliament agreed to proceed with the legislation of the law and solve the crisis of late salaries,” without disclosing the conditions for passing the law, or the exact amount for borrowing.

It is scheduled that the House of Representatives will hold its session next Saturday, after the inclusion of a discussion and reading paragraph of the Fiscal Deficit Financing Law on its agenda.

The Minister of Finance, Ali Allawi, confirmed, earlier, that when parliament votes on the borrowing law, employees’ salaries will be paid directly, but if the law does not pass, the salaries will likely be distributed after two weeks.

Yesterday, Tuesday, Ahmed Mulla Talal, a spokesman for the Prime Minister, Mustafa Al-Kazemi, said that the latter had contacted the political blocs in order to complete the vote on the borrowing law, so that salaries would be paid. Source