“Bagh­dad still to send 60% of last month’s funds” – Rashid Tahir

The Kurdish Globe - - NEWS -

Rashid Tahir, Deputy Min­is­ter of Fi­nance and Econ­omy of the Kur­dis­tan Re­gional Gov­ern­ment (KRG), states that the Iraqi cen­tral gov­ern­ment has still sent only 40% of the KRG monthly bud­get for Jan­uary 2014.

Tahir warned that any rep­e­ti­tion this month would lead to ma­jor is­sues.

“All in all, 60% of the KRG’s Jan­uary bud­get has not been sent by the cen­tral gov­ern­ment,” the Deputy Fi­nance Min­is­ter said.

Tahir claimed that other prov­inces were fac­ing the same prob­lem, but that its im­pact had been sig­nif­i­cant on the KRG.

Since the start of 2014, the lack of liq­uid­ity in Kur­dis­tan’s banks has de­layed the pay­ment of gov­ern­ment salaries. Till now there is no guar­an­tee that this is­sue will not be re­peated this month as well.

“What hap­pened last month should not hap­pen again,” warns Tahir. “If it does, it will lead to ma­jor prob­lems.”

The de­lays in the dis­tri­bu­tion of gov­ern­ment salaries has had a sig­nif­i­cant im­pact on the liv­ing con­di­tions of many peo­ple and to a de­te­ri­o­ra­tion in the eco­nomic sit­u­a­tion of the re­gion as a whole.

Rashid Tahir also an­nounced that the ma­jor­ity of gov­ern­ment em­ploy­ees have now re­ceived their Jan­uary salaries.

Newspapers in English

Newspapers from Iraq

© PressReader. All rights reserved.