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Implementation of projects on credit main reason for the plunge Iraq into a spiral of debt astronomical
11/8/2011 0:00
Missan / Future of Iraq:
She explained that the proposed deferred payment did not take into accounts the capacity low of the Iraqi economy in the implementation of investment projects is low levels did not reach the highest achievements for more than 60-70%, and a $ 30 billion of the total investment budgets during the past five years.
and that the draft law implementation of investment projects in a manner postpaid been made by the government to Parliament in a hasty manner without subjected to careful study to achieve the execution of thousands and rapid project as the project did not include specific mechanisms governing the request for competitive bidding and the method of funding and the cost and methods of payment and calculation of benefits.
The study emphasized on the need to project to the government in the event of acceptance of work by the parliament, so they can be the formation of a committee of specialists carefully re-studied and the depth of its provisions to include the procedures and mechanisms to ensure sound, accurate and good contract execution and speed of project delivery and ensure the rights of Iraq.
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