The reason for the delay in disbursing employees' salaries is "the lack of cash flow", MP says

Shafaq News / the Parliamentary Finance Committee attributed the reason for the delay in disbursing salaries of employees for September to, "the lack of cash flow".

MP Hanin Al-Qaddo told Shafaq News agency, "the Parliament has previously authorized the government to borrow to obtain 15 trillion Iraqi dinars to distribute them as salaries for three months, but this amount ran out, and it was distributed as salaries to employees, retirees, and social welfare".

Al-Quddo suggested that the government will resort to a conditional borrowing, and the condition is that the government submits a draft of the economic reform bill that it previously pledged to submit.

"Without real economic reforms, and with increasing internal and external debts, this will lead to the inability to pay salaries", Al-Qaddo stressed.

Yesterday, Saturday, a source in the Iraqi Ministry of Finance revealed that the salaries of the current month of September were fully secured, indicating at the same time that the delay in paying salaries was due to technical problems, while the Central Bank of Iraq expressed its willingness to receive notices for payment of salaries, denying the occurrence of any technical problems.

 Iraq has been struggling to secure the salaries of employees and retirees for months due to the drop in oil prices in global markets.