CBE stated in its periodic book on Wednesday, that it decided to extend the period of validity of the initiative until the end of December 2021 (instead of June 2021), or to exhaust the amount allocated to it by LE 3 billion, whichever comes first.
The Cabinet said, in a statement, that the law also included a deduction of 0.5 percent of the net income due from the pension of pensioners.
The cabinet also dismissed reports about cutting down the price of oil products, increasing the amount of subsidized foodstuffs and granting a leave to employees of both the public and private sectors.
The draft budget demonstrates that the state expenditure will be LE1.424 trillion recording an increase of 10.6 percent compared to the current fiscal year.
Business jet operators could face a labor shortfall in North America as they compete with U.S. airlines for talent.
The Iraqi government plans to soon start paying the salaries of Kurdish Peshmerga and civil servants working for the Kurdistan Regional Government.
The target comes as part of the government’s plan to pay the salaries of 7 million public sector employees and 7 million pensioners through the banking sector.