Differences on the issue of funding delays implementing projects with payment term

The Governor of Dhi Qar Muhammad Baqir Nasseri, the implementation of projects with payment term is still in the brainstorming phase waltendig, attributed the delay in these projects to a disagreement between the Finance Ministry and the Central Bank of Iraq on private bond financing, the need for coordination between the relevant ministries and the Central Bank about the funding mechanism for government projects stalled.

Mohammad Baqir al-Nasseri said in a statement received (range), a copy of it, that "the General Secretariat of the Council of Ministers and the ministries of planning and finance on the implementation of projects with payment term is still in the brainstorming phase waltndage", stating that "the administration of the province and other provinces held more talks with the Ministry of planning for the purpose of clarifying the mechanism of work payment term".

Nasseri added that "there is disagreement between the Finance Ministry and the Central Bank of Iraq on issuing bonds to finance projects that will be implemented by the method of payment the term", expressing the hope that "the process of implementation of projects takes the payment term of priority by the ministries of planning and finance and the Central Bank of Iraq to issue bonds and dealing with banks capable of financing projects".

Naciri stressed the need for "coordination between the relevant ministries and the Central Bank of Iraq about the funding mechanism for government projects stalled almost entirely as a result of the fiscal deficit", pointing out that "the province desperately needs to implement SOA projects", stating that "a number of companies and banks made presentations on projects provincial payment term".

The total number of government projects currently suspended in the Dhi Qar governorate as a result of the financial crisis 444 projects span 22 service and development sector.

He was mp for Dhi in block Aziz Al-uqaili, (12 November 2015), the Government increased financial allocations for Dhi in 2016, while balancing the budget was allocated to the province in half the allotted 2015, revealed more than 30,000 unemployed graduate of the sons of the province.

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