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Parliamentary Finance warns of contracting with payment on credit companies
7/5/2015
Parliamentary Finance warns of contracting with payment on credit companies
The parliamentary finance committee of the continuation of the government contracts with companies warned according to a mechanism payment on credit.
BAGHDAD / Obelisk: the parliamentary finance committee of the continuation of the government contracts with companies warned according to a mechanism payment on credit because it will generate a significant commitment to Iraq and Stkpl government debt with creditor countries and companies.
A member of the Committee Faleh applicable to local media and pursued "obelisk", he said the government is seeking to exploit the text in the current budget law allows contracting with companies according to a mechanism payment on credit for projects identified roof top its five billion dollars, but like so commitments with international companies in some of the projects will to compel the government to pay these loans with benefits is a great commitment.
He added that at this stage the government should be a private accuracy that an issue lend securities to arrange to Iraq to collect these loans with interest and that he should computers be able to financial crisis management, even the coming years, noting that otherwise Sakpl Iraq's debts to accumulate it.
Force did not provide alternative solutions for companies contracting with payment on credit despite the fact that the budget law passed in one of the texts of the voter.
He said that Iraq still bears the consequences of debt and the benefits of loans accumulated since Saddam's regime was either the World Bank or with organizations or other countries, stressing that the government must determine the legal responsibility to conclude any contract with payment on credit companies.
And directed the Ministry of Economy Turkish Earlier, an invitation to the ministries of housing, electricity, agriculture and municipalities, as well as some local governments to attend a conference held investment opportunities in Turkey, with the aim of Turkish companies to enter Iraq through the implementation of projects Order on credit.
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