Ministries enter into contracts informal cost of two billion dollar Ministry Finan8/4
Ministries enter into contracts informal cost of two billion dollarsMinistry of Finance
Tomorrow Press / Baghdad: Sources from within the Ministry of Finance, Tuesday, arranged for two billion dollars worth of debt on government contracts because of ministries with companies and contractors without the knowledge of the ministry. The sources told "tomorrow Press," that "the government ministries and agencies have been contracted outside the controls with companies and contractors to implement projects that have not ratified by the Ministry of Finance", adding that "some of the characters within the ministries persuaded companies and contractors to the implementation rate of the projects, in order to get Komhnat only , although not for fundamentalist approvals for projects. " The sources pointed out that "the World Bank and the IMF demanding the kind of debt payment contracting companies with government ministries and agencies, in order to get Karzehma", indicating that "Iraq will be obliged to pay these debts caused by several ministries, it means not Iraq take advantage of loans from The World Bank and the International Monetary Fund amounting to 2.25 billion dollars. " She said "the government has not conducted any investigations into the subject until the moment". The sources also arrange for other debts on Iraq, refusing to disclose their values. It is scheduled that the World Bank is providing a loan of one billion dollars to the Iraqi government next year, to fill the budget deficit, to reform the Iraqi economy and restructuring, while expected to present the International Monetary Fund $ 1.25 billion as well.