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Dhi Qar announce stops 444 project because of the financial deficit

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Rocky


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Dhi Qar announce stops 444 project because of the financial deficit




11/15/2015 11:15


Dhi Qar

Baghdad - INA / announced the governor of Dhi Qar Yahia Nasseri, Sunday 0.444 government projects in Dhi Qar province stopped almost completely as a result of the fiscal deficit, attributing the delay in the implementation of government projects in a way payment on credit due to the differences between the Ministry of Finance and the Central Bank of Iraq about the issuance of bonds.

He said the Nazarene in a statement, seen by "Iraqi news agency", that "what was issued by the General Secretariat of the Council of Ministers and the Ministries of Planning and Finance on the implementation of projects in a way payment on credit is still in the process of seminars and evaluation, has been to manage the province and other provinces more than a meeting with the Ministry of Planning for the purpose of clarify the mechanism of action in a way payment on credit. "

He noted "the existence of a dispute between the Ministry of Finance and the Central Bank of Iraq about the issuance of bonds for the financing of projects to be implemented in a manner payment on credit."

He expressed the governor of Dhi Qar his hope that "the process of the implementation of projects in a way incite payment on credit priority by the Ministry of Planning and Finance and the Central Bank of Iraq to issue bonds and guarantors dealing with are able to project financing banks."

He stressed the Nazarene on "the importance of coordination between the relevant ministries and the Central Bank of Iraq about the mechanism of financing the stalled government projects, almost entirely as a result of the fiscal deficit," stressing "the need to maintain critical for the implementation of projects of service, alluding to a number of companies and banks offers to carry out conservation projects in a way payment on credit" .

The number of government projects currently stalled in Dhi Qar province as a result of the financial crisis, 444 projects spread over 22 sectors Khaddmaa and developmentally, according to a statement of Nazar

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