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Economist warns of increasing the burden on the state when the implementation of projects on credit
BAGHDAD
07/06/2015 - 4:13
He warned the Economic Media Centre, on Sunday, increasing the burden of state debt when implementing infrastructure projects in a way payment on credit.
The head of the center lion Mohammed that "the implementation of projects in a way payment on credit is recognized by the international formula with companies that accept the implementation of such projects in this way for countries or entities that have an liquidity utensils guarantees sovereign to be its economy guaranteed such as the Iraqi economy," adding that "from implementation on credit features it reduces the burden of amounts arising from the implementation of projects and installments on for several years, which gives the advantage that the wages of the implementation of the same project after several years will be higher because of the inflationary path that reduces the value of currencies, including the dollar, which makes the implementation of projects in this way economically that will be included are absolutely necessary projects exclusively care of the style of execution and not turn into a facet of corruption. "He pointed out that" the further implementation of projects on credit will increase the burden on the state debt, which may make it difficult to state would you give for decades in the future. "The Finance Minister Hoshyar Zebari signed a contract with Japanese organization JICA worth $ 738 million for the implementation of infrastructure projects in the Kurdistan region and the southern provinces in a manner that the payment on credit are repaid over 20 to 40 years to come.
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BAGHDAD
07/06/2015 - 4:13
He warned the Economic Media Centre, on Sunday, increasing the burden of state debt when implementing infrastructure projects in a way payment on credit.
The head of the center lion Mohammed that "the implementation of projects in a way payment on credit is recognized by the international formula with companies that accept the implementation of such projects in this way for countries or entities that have an liquidity utensils guarantees sovereign to be its economy guaranteed such as the Iraqi economy," adding that "from implementation on credit features it reduces the burden of amounts arising from the implementation of projects and installments on for several years, which gives the advantage that the wages of the implementation of the same project after several years will be higher because of the inflationary path that reduces the value of currencies, including the dollar, which makes the implementation of projects in this way economically that will be included are absolutely necessary projects exclusively care of the style of execution and not turn into a facet of corruption. "He pointed out that" the further implementation of projects on credit will increase the burden on the state debt, which may make it difficult to state would you give for decades in the future. "The Finance Minister Hoshyar Zebari signed a contract with Japanese organization JICA worth $ 738 million for the implementation of infrastructure projects in the Kurdistan region and the southern provinces in a manner that the payment on credit are repaid over 20 to 40 years to come.
[You must be registered and logged in to see this link.]
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