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The fiscal deficit and the lack of funding disrupts Dhi Qar projects and threatens economic risk
4/23/15
Independent) ..masalt financial crisis plaguing Iraq cast a shadow on the various aspects of the state experiencing a financial shortfall significant impact on the establishment of vital projects and the completion of the remaining ones, and saw the Dhi Qar province, two-thirds of the province projects stopped due to the large fiscal deficits, which have long been, which invited them to propose quick solutions that contribute to solving the crisis and called for Dhi Qar, the federal government and the province of the ministries concerned to release funds for the preservation of petro dollars.
Stop two-thirds of the province projects
He revealed the governor of Dhi Qar Yahya Nazarene for halt two-thirds of the province projects as a result of the fiscal deficit and the lack of funding, pointing out that the province's share of the money petro dollars in 2013 was 24 billion dinars in 2014 was allocated to the province, according to the Ministry of 117. Planning billion dinars, but so far have not received the province any funds from the amounts mentioned.
Added Nazareth: "that the preservation of those in urgent need of money for the purpose of completing the work in phases of projects and providing services to the affected areas of the oil industry, especially in the environmental and agricultural aspects," and urged to accelerate the release of funds petro dollars allocated to the province, as in Basra province.
He appealed to the Nazarene prime minister and Ministry of Finance and the Ministry of Oil and invited them to intervene to release the funds in question, stressing that two-thirds of the province projects taken to stop due to lack of funding and the inability to maintain balance as it has been allocated to the province of only 200 billion dinars, while the need for projects of money require 800 billion dinars. "
High index of companies collapse
For his part, deputy governor of Dhi Qar Technical Affairs Mohsen Hadab pointed out that the central government of the province of the development of regions and the petro-dollar funds allocations estimated B257 billion dinars, including 200 billion development of regions and 57 billion allocations petrodollar funds were distributed to the ongoing preservation projects and stressed Hadab in a statement. " Projects notification "that the province needs more than 780 billion dinars for the completion of approximately 444 project under construction, indicating that the province has not received any financial funding to pay outstanding advances to contractors over the past months and which is estimated at 480 billion dinars, which led to the rise collapse of the companies operating in the index of the province, which would negatively affect the economic situation in Dhi Qar, let alone stop the manpower and the number of citizens affected by the projects.
He Hadab his hope the launch of the central government for funding and support to the provinces and to reimburse companies and return to work in the project, pointing out that the governor of Dhi Qar discussed during his meeting with Mr. Prime Minister the subject of financial allocation and put necessary to complete business solutions in the province projects, stressing the launch of Nazareth for a number of solutions that including the agreement with the banks to pay dues to companies, stressing at the same time that it takes a meeting with bank executives to discuss the mechanism of payment and benefits in addition to the central approvals and certain administrative and legal procedures.
Demonstrations for contractors
Saw the province of Dhi Qar Dozens of contractors and owners of engineering companies who gathered in front of the Court of the province of Dhi Qar, demanding their financial dues late, refusing to what they called a policy of "discrimination" followed by the federal government between the province and the provinces.
He said the contractor Ahmed Hassan: "We had to organize a protest in front of the Court of the province of Dhi Qar to ask the local government to put pressure on the Ministry of Finance to pay dues finance our companies late", adding that the contractors and companies dues up to 85 billion Iraqi dinars after contracting for the implementation of service projects with the province, But it is late since September of last year.
And "that the province received Aamama of the Federal Ministry of Finance requires no dues exchange for companies to lack of financial liquidity, but we surprised a statement, Finance Minister Hoshyar Zebari to pay nearly 500 billion Iraqi dinars for the Kurdistan region from the federal budget, so why distinguish between the provinces and territories.
As noted Mohammed al-Abadi owner of a contracting company that stop the financial dues to contractors and companies exchange badly hurt these companies and cause Petrtb large Bzmtha debt to destinations executed, or contracting with, and that the difference in prices and currencies cause problems further, calling for the federal government to stop the policy of discrimination between provinces Iraq and the region that the financial resources must be fairly distributed as the text of the Iraqi constitution, he said.
The bankruptcy of the province
Turn A member of the Council of the province of Dhi Qar inside satisfied bankrupt financially conservative this year against the backdrop of clear deficit in the budget allocated to them in 2015 and in the light of the debt of the province edema.
Radi said in a press statement that the province go through very difficult conditions after the end of the procedure daily decades in government departments as well as project contracts, which foretells serious repercussions on Nazareth Street, calling on the local government legislative and executive, both to take a serious stand and be honest with people of the province in the future service and deteriorating economic one who Qar .
He announced satisfied with his quest to collect the signatures of one-third of the council members in preparation for an emergency meeting in order to discuss the current crisis to maintain and take a stand against what is going through the harsh conditions
He predicted Radi escalating the current crisis in conjunction with the decision to raise the wages of electricity
He said that the province with the legalization of excess consumption of electrical energy process is that it must be kept prestige of the state and the dignity of the citizens in the light of the economic situation deteriorating in a way, pointing out that the consequences of this decision will be serious and hoping not to overshadow the province through down to the street
The number of ongoing projects in Dhi Qar province has 444 projects spread over 22 sectors Khaddmaa and developmentally
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