Baghdad formally declare bankruptcy and cut the salaries of its board confirms more than 3000 employee contract
Monday 1 يونيو 2015 | 12:26 مساء
BAGHDAD / … the Baghdad Provincial Council announced on Monday, the bankruptcy of Baghdad province and officially stopped and the reluctance of its projects as well as the inability to continue to pay more than 3000 contract employees’ salaries.
A member of the Baghdad Provincial Council on the mass of Virtue Adel al-Saadi’s “Eye Iraq News” that under austerity conditions being experienced by the general budget of the country, all of Iraq’s provinces, including Baghdad only on the operating budget adopted a salary only, without the establishment of any service projects or investment ” noting that “all projects implemented within this year or past years and parked lagging behind due to lack of financial allocations.”
He added that “the province declared bankruptcy and stopped the salaries of about 3,500 contract employees due to lack of funds, pointing out that these employees either to sign pledges that they work without pay or leave them to be open until the availability of new financial sources to maintain.”
“The governor of Baghdad, declared bankrupt the province is considered conservative in recent bankruptcy and not to finance projects in the budget” austerity “.
And it declared the provinces of Muthanna, Maysan, Karbala and Wasit bankruptcy earlier, where confirmed their inability to pay the financial dues which Bzmtha to construction companies and stopped service projects and non-payment of salaries of employees because of budget austerity and the lack of financial allocations. It ended 7
