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Warning of delay in the launch of investment allocations to ministries
21.07.2015
Specialists warned of the consequences of launch investment allocations for the ministries of delay, due to a lack of financial liquidity of the state.
He says the appearance of Mohammed Saleh, an economic advisor to the Prime Minister, that Iraq is going through a financial crisis and austerity, what impact in the ministries received allocations in the state budget for the 2015 law, adding that the amount of the budget will be spent for government departments after the availability of financial liquidity, because up of resources different from what is planned.
For his part, mentioned member of the Finance Committee in the House of Representatives Jabbar Abdul Khaliq, the ministries will not be able to implement any new projects until the end of 2016, due to the economic crisis experienced by the country, and the lack of financial liquidity, "explaining that the procedures employed to reduce the salaries of special grades, investment allocations will not support in the state treasury.
And indicates the economic expert on behalf of Jamil Anton that the failure to launch a full investment allocations to Ministries of within the 2015 budget, significantly affected in the private sector, cutting livelihood of more than four million people, due to lack of employment opportunities through the implementation of private sector projects State.
The House of Representatives passed in (January 29, 2015) budget for the current financial year, to 119 trillion Iraqi dinars and a deficit of 25 trillion dinars
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21.07.2015
Specialists warned of the consequences of launch investment allocations for the ministries of delay, due to a lack of financial liquidity of the state.
He says the appearance of Mohammed Saleh, an economic advisor to the Prime Minister, that Iraq is going through a financial crisis and austerity, what impact in the ministries received allocations in the state budget for the 2015 law, adding that the amount of the budget will be spent for government departments after the availability of financial liquidity, because up of resources different from what is planned.
For his part, mentioned member of the Finance Committee in the House of Representatives Jabbar Abdul Khaliq, the ministries will not be able to implement any new projects until the end of 2016, due to the economic crisis experienced by the country, and the lack of financial liquidity, "explaining that the procedures employed to reduce the salaries of special grades, investment allocations will not support in the state treasury.
And indicates the economic expert on behalf of Jamil Anton that the failure to launch a full investment allocations to Ministries of within the 2015 budget, significantly affected in the private sector, cutting livelihood of more than four million people, due to lack of employment opportunities through the implementation of private sector projects State.
The House of Representatives passed in (January 29, 2015) budget for the current financial year, to 119 trillion Iraqi dinars and a deficit of 25 trillion dinars
[You must be registered and logged in to see this link.]
