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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Abadi adviser: Financial will issue bonds worth 5 trillion dinars to pay dues of contractors and far

    Rocky
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    • Post n°1

    Abadi adviser: Financial will issue bonds worth 5 trillion dinars to pay dues of contractors and far Empty Abadi adviser: Financial will issue bonds worth 5 trillion dinars to pay dues of contractors and far

    Post by Rocky Mon 25 Jul 2016, 3:16 am

    Abadi adviser: Financial will issue bonds worth 5 trillion dinars to pay dues of contractors and farmers


     Baghdad / Zahra Hamid- term 

    Affirmed the financial advisor to the Prime Minister Haider al - Abadi, on Sunday, the Ministry of Finance will issue bonds to pay five trillion dinars dues Contractors , amounting toabout seven trillion and six billion dinars to pay the remaining amount of other bonds subject to coverage by law the budget for the next year in 2017, and as pointed out that payment will be 100% for strategic projects and 50% for the other, economists called on the government to develop a comprehensive plan to review the project since 2013 to uncover cases of corruption that accompanied her. he said theappearance of Mohammed Saleh said in an interview to the (long - Presse), said that "Contractors dues paid approximately seven trillion and six billion dinars to meet physical completion ratios varying contracting projects completed with the government , "noting that" the government has adopted a specific mechanism for thepayment of those benefits include 100% payment for strategic projects, amounting completed 80% or more ratio, while the payment of 50% for those below the percentage completed for 80%. " Saleh added that" thebenefits will pay a government bond issued by the Ministry of Finance and managed by the Central Bank ofIraq on behalf of the government , "noting that" the duration of the bond of three years from the date ofissuance annual interest rate of 5%. " He continued financial advisor to the Prime Minister, that " the bond issue was worth five trillion dinars , " pointing out that " the rest of the dues will be paid other bonds provided coverage law budget for the next 2017". He stressed favor, that "farmers who handed over their cereal crops to the Ministry of trade for the years 2014- 2015 to 2016, and did not collect their dues, Ciecmlon in that settlement , "explaining that" can beneficiary of the government of Sindh to keep it or mortgaging or transferring ownership, as well as his opponent and turn it into cash means off the central bank if they wish so. " it was Council of Ministers, approved in the (14 June 2016), the launch of dues contractors by 50% of the total dues as a down payment, and to report the implementation of the first chapter of the general budget in 2016 the House of Representatives for. in turn , an economist Mustafa Mohamed Habib said in aninterview for " term ", that" the lack of liquidity of the federal government as a result of lower oil prices , with an accumulated debt of an estimated 8 trillion dinars for companies and local contractors in addition to thefarmers. " He added that" the duty of the government to pay its debts due and payable by the laws of all theunfinished projects that reach ratios completed 90 % and the priority will be for infrastructure and ruling. " He explained the beloved" the development of a database by the government describes the lagging projects which do not represent a priority for citizens and granted their licenses by administrative and financial corruption that suffered by the state over the past ten years. " He said the " power the Executive isdetermined to distribute part of international loans to pay off internal debt according to prepared tables for this purpose. " considered part of the Commission of economy parliamentary borrowing" negative case "has sought refuge Iraq" obliged ", as pointed out that the money will be borrowed will be allocated to important sectors such as health and education and displaced persons. she said committee member Rep . Najiba Najib told a news briefing seen by the "long", he said that "access to credit is one of the negative situations where making there is an obligation on the state incurred in future fiscal years, " indicating that "Iraq has turned her forced as a result of their military commitments and the lack of revenue oil and the inability of previous governments to provide funds in the public treasury. " she said Najib" the loans are not granted by theinternational organizations randomly or without conditions or restrictions , "pointing out that" the IMF conditions imposed on Iraq in the interest of money management State of Iraq and establish procedures and new ways and correct management of the Iraqi budget including to reduce operating expenses, and increased financial non - oil revenues. " The answer to" The money that is borrowed by the state will be allocated to thesectors of the mission include health and education, in addition to reducing the suffering of the displaced, " asserting that " the lack of revenue led to reduce the financial allocations for this important and dynamic sectors." He agreed IMF and the World Bank Trust Fund and international partners, in the May 19, 2016 to give Iraq a loan of $ 15 billion and conditions thereof, to reduce its expenses to 13 trillion dinars and payments to the oil companies . the Council of Ministers decided in the (19 April 2016), the formation of a committee headed by Minister of planning and the membership of the Iraqi Central Bank Governor and advisers economic and financial to the Prime Minister and the agents of the finance and planning ministries, holds the structure and controls the completion of the distribution of Contractors benefits through the bond process of developing government, to submit its recommendations to the Prime Minister for approval within aweek.
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