7 trillion dinars dues owed by government contractors
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    7 trillion dinars dues owed by government contractors



    7 trillion dinars dues owed by government contractors



    June 5th, 2016
    79 readings


    Finance Committee: most of the projects and fake

    Baghdad's new morning:

    Finance Committee has shown, on Sunday, that more than 7 trillion dinars Contractors dues owed by the state, calling for the subjugation of those dues to scrutiny.

    Said committee member Majda al-Tamimi in a press statement, said that «Iraqi contractors dues owed by the government of the letter of 7 trillion dinars».

    Tamimi said, that «these entitlements should be subject to scrutiny, the fact that some of them are exaggerated, and it resulted in the bad conditions of the country.»

    He went on to say: «But there are already eligible contractors.»

    And he stressed the need to «scrutiny, the fact that most of these projects, those entitlements fake».
    The Iraqi Central Bank announced the approval of the financial crisis cell on the proposal to issue government bonds for the payment of contractors and suppliers on the state institutions.

    The bank said in a press statement, said that «financial crisis cell headed by Prime Minister agreed to the proposal of the Central Bank to issue government bonds for the payment of contractors and suppliers of state institutions».

    The statement added that he «can deduct those bonds at banks or sold in the market, as can be provided for loans is a guarantee for loans at full face value».

    He added that «it will contribute to ending the problem of entitlements and its aftermath, will also launch to stimulate economic activity and moving the work environment in all sectors.»

    It is noteworthy that the parliamentary Economic Committee, earlier, decided to form a committee to follow up on completed projects in exchange entitlements pledged to resolve the problem of late delivery of benefits to contractors and businesses as soon as possible.

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    Last edited by MadDScout; 06-05-2016 at 06:53 PM.



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