After the completion of exchange planning procedures launches Contractors dues amounting to 781 bill

After the completion of exchange planning procedures launches Contractors dues amounting to 781 billion dinars



4/29/2017 0:00

Baghdad / Suha Shaykhli
louder voices contractors because of the delayed payment of financial dues and the resulting economic effects affected a wide range of workers in various sectors, and the delayed implementation of the payment of dues in disrupting the local labor market movement contributed, which calls for the need to accelerate the payment of their dues to re revitalization of the labor market.
In order to alleviate this suffering and the Ministry of Planning revealed recently announced the launch of 781 billion and 274 million dinars from dues Contractors after their support by the Office of Financial Supervision, where he will receive the contractors accounted for 40 percent of the total dues within this amount of 300 billion and 457 million dinars.
The official spokesman for the Ministry of Planning Abdul - Zahra al - Hindawi "morning": that the ministry has completed all the procedures relating regardless of receivables and sent to the Ministry of Finance , which will be dispensed soon in cooperation with the Central Bank of Iraq, indicating that these benefits are distributed among a number of ministries and departments not associated with the Ministry and the provinces in the framework of projects implemented within the investment program or regional development program and the petro - dollar program.
He Hindawi said these receivables that have been launched , representing 57 percent of the first meal being launched, amounting to Trliuna and 364 billion dinars, pointing out that the work is going on in full swing in order to complete all the receivables after being audited by the Audit Bureau.
He pointed out that the payment of these benefits came at the Council of Ministers Decision No. 161 of 2016 , where it was approved by the Ministry of Finance launch dues contractors exchange through the issuance of treasury bonds and 40 percent of them as a down payment (and commensurate with the percentage of completion proportional) and until the end of Federal Office of financial supervision of the audit to be processed consolidated annual allocations at the end of the fiscal year and in coordination with the Ministry of planning , which the formation of a committee of experts to identify priority strategic projects according to the needs of the state indicating its bonds are payable after the age of three Watt interest rate prescribed 5 percent to put the necessary allocations within the budget of the relevant year 2019 are entitled to bond holders deducted, mortgage or sold, to be paid to complete the strategic benefits provided by 100 percent completion of the project.
He Hindawi said the number of private worthily contractors transactions very large has gone through several points of departments in the Ministry of Finance, and that the treatment is audited takes its owner dues and that the central bank is the payment of dues by the treasury bonds, and can the contractor winning the bond disbursement, the Bank a government or even civil banks, and this is the first installment of the receivables and will be followed by other payments and benefits allocated to contractors the amount of 5 trillion dinars have worked these measures due to the financial crisis.


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