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The collapse of the local companies and stopped several government projects in Dhi Qar
Saturday August 29 / August 2015 02:36
Dhi Qar
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 debt for Hrkat.onql statement province governor Yahia Nasseri, during a meeting with representatives of the contractors and owners of companies who demonstrated in front of the building the province, saying that the "pause contractors to claim financial entitlements serious pause after being hit by many companies to collapse as a result of the lack of allocations earmarked for government projects and the debt of companies and contractors" He pointed to "stop many government projects because of the fiscal deficit through which the country in stage current, "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, "adding that" the debt owed to the companies is estimated at 120 billion dinars size, "he said "The Ministry of Finance were only 13 billion dinars launched recently to finance projects and this money is not sufficient to pay the dues of contractors" .ofatt Nazareth to "the formation of a joint committee of the local government, contractors and owners of companies for the purpose of the follow-up project financing measures with the federal government." He called the Vice-province of Dhi Qar in 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," is noteworthy that the Ministry of Planning announced in 18 of this August, its intention to reconsider the six thousand investment project implemented by the ministries of the federal government and local governments, due to the financial circumstance witnessed Albuld.oukal ministry spokesman Abdul Zahra Hindawai: "The Economic Commission mini-chaired by Rep. Najiba Najib and the membership of two members of parliament, last Monday, visit the ministry met with the minister Salman Jumaili, agents and general managers involved in the economic aspect, and held an expanded meeting was able to discuss a lot of issues related to the economic scene in Iraq and the package of economic measures undertaken by the government, especially in light of the economic crisis. "He explained that" the meeting discussed the re considering the priorities of ongoing investment projects, since there are about six thousand or more than six thousand project whether the outlet by federal ministries or local governments in the provinces must be reconsidered in the implementation of the shadow of the economic situation experienced by Iraq ".fima ministry announced on Sunday, proposed to the Ministry of Finance, "the possibility of deletion of 296 projects that are not a priority at the current stage projects at a cost of 10 trillion and 652 billion Iraqi dinars, also proposed a reduction of ongoing projects commissioned by Trliuna one and 471 billion dinars," pointing to "the possibility to postpone the 2169 project at a cost of 36 Trliuna and 720 billion dinars, "adding that" the total amount reduced by the deletion of the postponement of projects will reach 48 Trliuna and 870 billion dinars, representing 29.5 per cent of the total cost of ongoing projects in what constitutes a reduction projects accounted for 40 per cent of the total amount of the remaining financial obligations which amounts to 120 trillion and 855 billion dinars. "
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Saturday August 29 / August 2015 02:36
Dhi Qar
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 debt for Hrkat.onql statement province governor Yahia Nasseri, during a meeting with representatives of the contractors and owners of companies who demonstrated in front of the building the province, saying that the "pause contractors to claim financial entitlements serious pause after being hit by many companies to collapse as a result of the lack of allocations earmarked for government projects and the debt of companies and contractors" He pointed to "stop many government projects because of the fiscal deficit through which the country in stage current, "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, "adding that" the debt owed to the companies is estimated at 120 billion dinars size, "he said "The Ministry of Finance were only 13 billion dinars launched recently to finance projects and this money is not sufficient to pay the dues of contractors" .ofatt Nazareth to "the formation of a joint committee of the local government, contractors and owners of companies for the purpose of the follow-up project financing measures with the federal government." He called the Vice-province of Dhi Qar in 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," is noteworthy that the Ministry of Planning announced in 18 of this August, its intention to reconsider the six thousand investment project implemented by the ministries of the federal government and local governments, due to the financial circumstance witnessed Albuld.oukal ministry spokesman Abdul Zahra Hindawai: "The Economic Commission mini-chaired by Rep. Najiba Najib and the membership of two members of parliament, last Monday, visit the ministry met with the minister Salman Jumaili, agents and general managers involved in the economic aspect, and held an expanded meeting was able to discuss a lot of issues related to the economic scene in Iraq and the package of economic measures undertaken by the government, especially in light of the economic crisis. "He explained that" the meeting discussed the re considering the priorities of ongoing investment projects, since there are about six thousand or more than six thousand project whether the outlet by federal ministries or local governments in the provinces must be reconsidered in the implementation of the shadow of the economic situation experienced by Iraq ".fima ministry announced on Sunday, proposed to the Ministry of Finance, "the possibility of deletion of 296 projects that are not a priority at the current stage projects at a cost of 10 trillion and 652 billion Iraqi dinars, also proposed a reduction of ongoing projects commissioned by Trliuna one and 471 billion dinars," pointing to "the possibility to postpone the 2169 project at a cost of 36 Trliuna and 720 billion dinars, "adding that" the total amount reduced by the deletion of the postponement of projects will reach 48 Trliuna and 870 billion dinars, representing 29.5 per cent of the total cost of ongoing projects in what constitutes a reduction projects accounted for 40 per cent of the total amount of the remaining financial obligations which amounts to 120 trillion and 855 billion dinars. "
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