BAGHDAD - Ahmed Abed Rabbo
held the Ministry of Planning on Monday expanded conference to identify projects that will be implemented within the next year's budget with the participation of ministries and provinces Almnih.altdt ministry spokesman Abdul Zahra al-Hindawi said in a statement »Sabah»: The «Conference will determine the projects to be implemented within the allocations Investment in the budget next year »Cabinet .oagher in October last draft federal budget for the 2016 law, the total expenses amounting to 106 trillion dinars and a projected deficit of 25 Trliuna.oadav Hindawi said« the investment side allocations in next year's budget amounted to 29 Trliuna, allocated to projects continuing which reached an advanced completion rates, especially that no development of any investment project within the budget », pointing out that« the total amount of the benefits of ongoing projects is estimated at 129 Trliuna, distributed between the budgets of the coming years, the fact that the projects going on ».
It is said that the Ministry of Planning deleted 296 projects with a total cost her 10 trillion and 652 billion dinars, as projects are not a priority in the current stage and delayed the 2169 project was commissioned 36 Trliuna and 720 billion dinars.
The Hindawi pointed out that «economic conditions experienced by the country forced the Ministry of Planning in cooperation with the implementing agencies and recipient to return a review of all projects in order to reduce the effects of the crisis caused by low oil prices, especially as the large number of projects included within the budgets of the past years has not been completed », recalling that« the ministry is seeking to put a large number of ongoing projects on investment with the adoption of the style of payment on credit in order to alleviate the burden on the general budget ».
suffer the current year budget fiscal deficit of 25 trillion dinars due to lower world oil prices, while most ministries announced to stop new projects and some ongoing projects because of the difficulty of securing financial allocations to them.
The Minister of Planning Salman Jumaili earlier that ministries and projects focused on the number and not the type.
The ministry also called on the beneficiaries to re-priorities regarding the ongoing in order to continue funding projects either through payment on credit or put up for investment, reaching «the number of projects is completed so far up to 9000 project, both at the level of the plan or investment in regional development
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