The government is moving to implement the new rates for electricity 7/30/2015
The government is moving to implement the new rates for electricity
Tomorrow Press / Baghdad: detect a senior source in the Ministry of Finance for the start of administrative procedures to get the World Bank loan to cover the deficit in the budget, notably the imposition of new pricing of electricity.
The source told "tomorrow Press," that "the initial negotiations with the World Bank led to the initial approvals for the loan, "he said, adding that" the Council of Ministers approved in its meeting Tuesday to begin the procedures administrative and technical to determine the economic and administrative requirements for World Bank reforms in the structure of economic and administrative joints of the state. "
He explained that "the most prominent World Bank requirements are imposed pricing of electricity prescribed by the Ministry of electricity, which is the most prominent obstacles to the government for the loan ", adding that" the removal of subsidies on electricity is the most important demands of the World Bank for the next economic reforms. "
The source continued that "the measures also include the formation of a committee of the ministries of oil and electricity for the use of domestic gas production electricity, and reduce associated gas flaring. "
The Council of Ministers approved last Tuesday to begin the proceedings to obtain the loan, aimed at helping to strengthen fiscal discipline and macroeconomic stability through structural to improve the economy reforms, and lay the groundwork for a comprehensive and sustainable growth through structural reforms aimed at lifting efficient economy and mitigate the impact of economic crises.