Nazareth: The Cabinet did not launch until now payment on credit mechanism and stoppe
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    Nazareth: The Cabinet did not launch until now payment on credit mechanism and stoppe

    Nazareth: The Cabinet did not launch until now payment on credit mechanism and stopped more than 200 projects in Dhi Qar


    12/04/2016 16:33



    Long-Presse / Dhi Qar

    The governor of Dhi Qar Yahya Nazareth on Tuesday, the cabinet did not do until now the mechanism "payment on credit", and pointed out that the central government's instructions and directed work out until they reach the committees formed in this regard to "an appropriate formula" for the application of such a mechanism, as called for acceleration launch, stressed stopped more than 200 service project in the province due to the financial crisis in Iraq.

    Yahya said the Nazarene, in a statement, received a (long-Presse), a copy of it, that "the implementation of government projects a mechanism in accordance with the style of payment on credit has not been activated so far in the whole of Iraq," pointing out that "the instructions of the Cabinet stating stop work payment mechanism on credit until they reach the committees of Finance and planning and the Council of Ministers and the ministries to suitable for the application of such a mechanism formula. "

    He said the Nazarene, that "the application of payment procedures on credit require sovereign guarantees by the Ministry of Finance the required funds for the implementation of projects," calling to "accelerate the launch of work to pay on credit for the implementation of government projects and the resumption of work projects stalled," he said. "More than 200 service-and development project stopped Dhi Qar province, as a result of the current financial crisis. "

    The province of Dhi Qar, said on Tuesday (October 10, 2015) that the number of preservation projects in progress and interrupted as a result of the financial crisis of 444 projects, including 180 projects have been fully accomplished, but the financial his belongings remained unresolved until now because of a lack of funding. " and showed that "the percentage of completion in the rest of the projects range between 20% and 90% of which are currently parked.

    Dozens of contractors and business owners in the province of Dhi Qar demonstrated in (26 August 2015), in front of the governorate building to demand regardless own 2013 draft financial dues, as pointed out that allocated to finance preservation projects do not cover 10% of the dues Contractors only money, threatened sit in the event of failure to respond to their demands.

    He was the governor of Dhi Qar confirmed, in (June 14, 2015), that project funds do not cover the debt owed to the companies and contractors, and revealed that the administration of the province will adopt the mechanism adopted by the recent Council of Ministers to repay those debts, according to the percentages achieved in the completion of projects.

    He was the governor of Dhi Qar confirmed, in (June 14, 2015), that funding for preservation projects and the plan adopted in this area require more than 800 billion dinars in general, and as pointed out that debts due and payable on the achievements of the stages of the work of these projects requires more of 115 billion dinars.

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    Last edited by MadDScout; 04-12-2016 at 04:50 PM.



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