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BAGHDAD: The financial budget has shrunk 20 times
BAGHDAD (Reuters) - Baghdad's provincial council revealed on Wednesday that the budget allocated to the capital's banks had been reduced by about 20 times, noting that basic services were available and all development projects were halted due to lack of financial liquidity.
"The budget allocated to the outskirts of the capital Baghdad has shrunk by about 20 times," Council member Fadel al-Shuwaili said in an interview with the newspaper "Economic News" that "the amount of the budget before 2014 was about trillion and 900 billion dinars, while the previous budget allocated about 175 billion dinars Only those payments were not paid by the government, making it a budget on paper only. "
He added that "basic services are available from drinking water and remove dirt from the alleys and electricity and maintenance of strategic projects, while all development projects were stopped for lack of liquidity."
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BAGHDAD (Reuters) - Baghdad's provincial council revealed on Wednesday that the budget allocated to the capital's banks had been reduced by about 20 times, noting that basic services were available and all development projects were halted due to lack of financial liquidity.
"The budget allocated to the outskirts of the capital Baghdad has shrunk by about 20 times," Council member Fadel al-Shuwaili said in an interview with the newspaper "Economic News" that "the amount of the budget before 2014 was about trillion and 900 billion dinars, while the previous budget allocated about 175 billion dinars Only those payments were not paid by the government, making it a budget on paper only. "
He added that "basic services are available from drinking water and remove dirt from the alleys and electricity and maintenance of strategic projects, while all development projects were stopped for lack of liquidity."
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