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Dhi Qar: the collapse of the local companies and stoppages of government projects
Thursday, 27 August, 2015
Follow-up – and babysit – The local government announced in Dhi Qar province, by the collapse of a number of local companies in the province, the impact of the fiscal deficit, ‘demand for exceptional funds to pay off what Bzmtha of corporate debt.
A statement of the province, received the news agency public opinion (and babysit), a copy of it, for the governor Yahia Nasseri, during a meeting with representatives of the contractors and owners of companies who demonstrated in front of the governorate building, to say that the “pause contractors to claim financial entitlements pause seriously after being hit by many companies to collapse due to a lack of government allocations earmarked for projects and the debt of companies and contractors. ”
He pointed to “stop many government projects because of the fiscal deficit through which the country at the current stage,” stressing “the need for maintaining the exceptional funds to pay off what Bzmtha of debt for companies and contractors,” pointing to “the collapse of many local companies as a result of the financial crisis.” .
“The debt owed to the companies is estimated at 120 billion dinars size,” explaining that “the Ministry of Finance has not launched only recently 13 billion dinars to finance the projects and the money is not sufficient to pay the dues of contractors”.
He pointed to Nazareth, “the formation of a joint committee of the local government, contractors and owners of companies for the purpose of the follow-up project funding with the federal government measures.”
He called on Congress Dhi Qar province in the House of Representatives to “coordination and cooperation with the administration of the province for the purpose of obtaining an exceptional funding from the Ministry of Finance for the purpose of paying the debt of companies and contractors and to avoid the repercussions of the financial crisis, which took a negative impact on the overall economic situation in the province.”
The Ministry of Planning announced on 18 August of this, its intention to reconsider the six thousand investment project implemented by the ministries of the federal government and local governments, due to the financial circumstances witnessed by the country.
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Thursday, 27 August, 2015
Follow-up – and babysit – The local government announced in Dhi Qar province, by the collapse of a number of local companies in the province, the impact of the fiscal deficit, ‘demand for exceptional funds to pay off what Bzmtha of corporate debt.
A statement of the province, received the news agency public opinion (and babysit), a copy of it, for the governor Yahia Nasseri, during a meeting with representatives of the contractors and owners of companies who demonstrated in front of the governorate building, to say that the “pause contractors to claim financial entitlements pause seriously after being hit by many companies to collapse due to a lack of government allocations earmarked for projects and the debt of companies and contractors. ”
He pointed to “stop many government projects because of the fiscal deficit through which the country at the current stage,” stressing “the need for maintaining the exceptional funds to pay off what Bzmtha of debt for companies and contractors,” pointing to “the collapse of many local companies as a result of the financial crisis.” .
“The debt owed to the companies is estimated at 120 billion dinars size,” explaining that “the Ministry of Finance has not launched only recently 13 billion dinars to finance the projects and the money is not sufficient to pay the dues of contractors”.
He pointed to Nazareth, “the formation of a joint committee of the local government, contractors and owners of companies for the purpose of the follow-up project funding with the federal government measures.”
He called on Congress Dhi Qar province in the House of Representatives to “coordination and cooperation with the administration of the province for the purpose of obtaining an exceptional funding from the Ministry of Finance for the purpose of paying the debt of companies and contractors and to avoid the repercussions of the financial crisis, which took a negative impact on the overall economic situation in the province.”
The Ministry of Planning announced on 18 August of this, its intention to reconsider the six thousand investment project implemented by the ministries of the federal government and local governments, due to the financial circumstances witnessed by the country.
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