Financial allocations launches ministries and provinces gradually



BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - the parliamentary finance committee said that the Ministry of Finance began to launch investment of financial allocations in the budget of 2015 for the provinces and ministries law after months-long halt due to the appeal made by the Council of Ministers on the law.

The Ministry of Water Resources last week that the Ministry of Finance has not launched investment allocations in the budget of 2015, which caused major problems with the private and public sector companies and foreign companies contracted.

The committee member said Sarhan Ahmad's (IMN) "The delay which happened in the firing allocated to the provinces and ministries money was because of the appeal which was submitted on the draft budget by the Council of Ministers and the Central Bank", noting that "the Ministry of Finance was unable to launch allocated to the provinces and ministries money until mid-July date ".

Ahmed added that "the Ministry of Finance will launch during the financial allocations for the investment side of the provinces and ministries coming days, according to the budget law".

Baghdad has seen demonstrations in several provinces and continuous staff of the Ministry of Industry and Minerals state-owned companies and other ministries are demanding the government launch of overdue salaries for several months because of lack of financial approval for disbursement.


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