MOSUL TIME RADIO
Economic observers warned of a recurrence of the salary crisis in Iraq, as happened in 2020 due to the Corona virus, against the backdrop of the decline in oil prices.
Oil expert and economist Nabil Al-Marsoumi confirmed that employees’ salaries are now in danger due to the decline in oil prices, and pointed to the possibility of reducing salaries or delaying their delivery if the oil price remains in the seventies.
In contrast, Finance Committee member Moeen Al-Kazemi confirmed that employees’ salaries for this year are fully secured and that there are no fears of them being negatively affected, even though oil prices have fallen to $70 or a little less. Al-Kadhimi said that the total budget revenues for this year are expected to reach 145 trillion dinars, through which the salaries of 4 million employees, 3 million retirees, and 2 million people benefiting from social welfare networks, which all amount to 85 trillion dinars, can be provided, and are fully secured for this year, noting that the total that Iraq will spend during 2024 does not exceed 150 trillion, although the budget was calculated at 211 trillion dinars.
