Tuesday, March 12, 2024

"IMPORTANT IRAQ NEWS: Financing the region with about 130 billion dinars to pay retirees’ salaries and care" BY CLARE, 12 MARCH

CLARE: 

Financing the region with about 130 billion dinars to pay retirees’ salaries and care

3/12/2024

Finance: March salaries will not be released until after the completion of the localization of entitlements,
financing the region with about 130 billion dinars to pay the salaries of retirees and care

Baghdad - Qusay Munther 

The Ministry of Finance directed to fund the Kurdistan Region’s account with more than 130 billion dinars to pay the salaries of retirees and those covered by care, after the decision of the Federal Supreme Court to provide justice to the beneficiaries, similar to other provinces. 

The Ministry said in a statement yesterday, “Based on the directives of the Prime Minister and the approval of the Minister of Finance, and based on what was stated in the letter issued by the Federal Supreme Court, we directed to take the necessary measures to deposit an amount in the current account in the name of the regional government, in order to disburse the entitlements of the disabled in the directorates of the Social Protection and Welfare Network.” and Social Development in Kurdistan for the month of February last, noting that the amount was credited to our current account open with the Central Bank of Iraq. 

He added that “another amount was deposited to disburse the entitlements of civilian and military retirees in the region for the same month.” He pointed out that “the Ministry informed the Federal Court in It wrote that funding for salaries for the month of February was launched for the region, since the localization mechanism requires a period of time for this month only, and salaries for the current month of March will not be released until after the requirements for salary localization are completed by the region), holding (the regional government) the legal responsibility for the validity and accuracy of the information. 

And the data presented before the regulatory and legal authorities and bodies, and the responsibility of disbursing salaries to those actually entitled to them), 
stressing (providing them with a position on the extent of the region’s commitment to what was stated in the Budget Law in Articles 11 and 12 of the quantities of crude oil exported or received from the regional government on a monthly basis, and considering it as a work context followed in each month of Without the need to approach you, it will be returned to our department as of the 25th of each month, in addition to quickly providing us with a position on the quantities of crude oil exported or received from the regional government).

Baghdad's cessation of paying regional development allocations to the region's governorates 10 years ago, amounting to more than two trillion dinars, led to the cessation of hundreds of projects, including 250 projects in only one governorate. The head of the Parliamentary Regions and Governorates Committee, Kurdo Omar, said, “The committee intends to host Finance Minister Taif Sami to explain the reasons for not disbursing regional development allocations to the governorates of the region,” stressing that “there is a consensus in the committee on this matter,” and added that “the committee is waiting for the amendment of the budget law, especially Other governorates suffer from the same problem, as a small percentage of these allocations were disbursed, reaching 30 percent in some governorates, and the reason is red tape and corruption,” noting that “the allocations for regional development amounted to 3 trillion and 500 billion dinars in 2015, and 1 trillion and 244 billion dinars.” dinars in 2016, 375 billion dinars in 2017, 5 trillion in 2018, two trillion in 2019, and 4 trillion in 2021), and he continued that (the total allocations for regional development in 6 budgets amounted to 16 trillion and 120 billion dinars, and the region’s governorates’ share of it was according to a percentage 12.67 percent (more than two trillion dinars).


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