Abadi's office reviews the projects completed and confirms the low reliance on oil revenues

Abadi's office reviews the projects completed and confirms the low reliance on oil revenues

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economy
Since 2017-08-06 at 18:26 (Baghdad time)

Baghdad Mawazine News

The government of Prime Minister Haider al-Abadi announced on Sunday that it has succeeded in reducing the country's reliance on oil revenues to 85 percent after it was 95 percent in the time of the previous government headed by Nuri al-Maliki.

"The oil imports accounted for 95 percent of the total imports of the country's budget when the current government takes over its responsibilities," Saad al-Hadithi, a spokesman for the media office, told a news briefing.

He added that "the government has succeeded in reducing the dependence on oil imports and reduce its proportion in the public budget to about 85 percent against the diversification of state resources and activate the role of many sectors in Iraq's budget and work is under way to make further progress in this path."

He pointed out that "the government and the result of the financial crisis in Iraq due to the collapse of oil prices in world markets and the decline to unprecedented levels, has been forced to follow the economic policies imposed by the crisis to meet the financial obligations of the government towards the Iraqi forces and the requirements of the war on terrorism as well as about seven million citizens Receive monthly salaries from the state and an amount exceeding four trillion dinars per month in addition to other financial obligations incurred by the government for farmers and contractors, and spending on important sectors such as education, health, electric power and services As well as other essential humanitarian response in the displaced file. "

"The government has resorted to austerity, rationalization of government spending and pressure on public expenditure of the country and succeeded in reducing levels of public spending to between 50 and 60 percent."

"At the same time, the government has dealt with the foreign aid and development loans provided by countries and international and regional financial institutions with a calculated policy in terms of ensuring that the Iraqi economy is not tied to high or long-term financial commitments to those who provided such aid and development loans."

He pointed out that "in terms of directing these assistance and loans to development projects or services, and did not enter into the field of operating expenses, as well as employment to reform the structure of the state economy and the administrative and financial system in Iraq, the government was able to exceptional efforts to secure access to development assistance and loans under the best conditions for Iraq has provided facilities from countries and donors that no country has ever had access to the same in terms of service ratio of the loan, which does not exceed 2% at their highest levels, and even some were half a percent.

He added that "in terms of the long repayment period, which in many of them up to 20 years, as well as the existence of a grace period of repayment of up to five years, and has been used this aid and development loans in the best way was directed to complete projects of a developmental or service."

He revealed that "as an example of the Japanese loan, which was used to finance several projects, which can be divided into three sections: First - the completed projects are as follows (project rehabilitation of the port of Umm Qasr for the Ministry of Transport and its completion in April 2016 increased capacity of the port The project cost of 235 million dollars, the project of irrigation and drainage of the water and the reclamation of thousands of dollars in the provinces of Wasit and Dhi Qar for the Ministry of Water Resources was completed on 22/12/2016 and the cost of the project About $ 83 million). "

He pointed out that "among the completed projects (the rehabilitation of the first and third units in the electricity station Musayyib for the benefit of the Ministry of Electricity and completed in April 2016 and contributed to the increase of electricity production by 270 megawatts and the project cost about 320 million dollars, the project of building three bridges and roads in Al-Muthanna Governorate for the benefit of the Ministry of Housing and Construction and completed on 20/1/2016 and contributed to reducing the traffic momentum and service 720 thousand citizens in the province and the cost of the project more than 29 million dollars, the project rehabilitation of Khor al-Zubair fertilizer plant for the Ministry of Industry, 6/2015 and increased production of urea and ammonium fertilizer A to 1600 tons per day is expected to increase access to 2,000 tons per day at the end of this year and the approximate cost of the project $ 158 million). "

He said that "among the projects also (the project to build the electricity sector and improve the network in Kurdistan for the benefit of the Ministry of Electricity in the region has been completed mostly on 17/4/2016 and the cost of the project more than 128 million dollars, the project to improve water in Kurdistan for the Kurdistan Region completed On 31/5/2016 and contributed to the processing and improvement of drinking water in the provinces of the region and cost $ 298 million, the project design and engineering studies of the sewage network in Baghdad for the benefit of the Municipality of Baghdad and the cost exceeded 18 million dollars, Oil to prepare designs and engineering services for Basra refinery and amounted to cost More than $ 18 million). "

He added that "there is a number of other projects in the final stages of achievement and the percentage achieved in the advanced levels are as follows: (Project liquidation and desalination of Basra water for the benefit of the province of Basra is expected to be completed before the end of this year and aims to increase the quantity and improve the quality of water supplied net Basra province And the reduction of salinity and cost of more than 373 million dollars, the project to rehabilitate the thermal power station for the Ministry of Electricity and the completion rate of 70% and is expected to be completed soon and at a cost of 176 million dollars and aims to increase the generation of electricity by 180 MW, The construction of the health sector for the benefit of the Ministry of Health exceeded the 80% completion rate. It aims to build a 200 bed hospital in Dhi Qar Governorate, furnishing it with medical equipment and housing for doctors. It also aims to prepare designs for seven other hospitals in a number of governorates. Construction of crude oil export line for the benefit of the Ministry of Oil to build a new pipeline of 75 km and 48 Ang and a single buoy with consultancy services and aims to increase the export capacity of crude oil. 1.5 million barrels per day and the completion rate reached 86./. The cost of the project is $ 435 million, the construction of the Deir Lok electric power plant in Kurdistan. The project aims to increase electricity production in the region by constructing a power station and transmission line with a secondary station in Duhok governorate at a cost of about $ 148 million. To implement a communications system and a local access network in Baghdad with a maintenance center, expected to be completed soon at a cost of more than 101 million dollars).

He added that "there are other projects in the preparation and preparation for direct, which is the following: (the project of rehabilitation of the electricity sector - the second phase - for the benefit of the Ministry of Electricity aims to improve the transmission network and distribution of electricity at a cost of $ 467 million, To build the crushing unit in the helper with two hydrogenation units and will contribute to increase the production by four million liters per day of oil derivatives and the cost of the first phase of the project is 369 million dollars, port rehabilitation project - Phase II - Khor Al Zubair port for the Ministry of Transport aims to rehabilitate the port of Khor Of Zubair and by raising Aguarq and excavation and rehabilitation of sidewalks at a cost of $ 340 million, the construction of the sewage network in Erbil, in the interest of the Kurdistan region at a cost of about 300 million ".anthy 29 / m h n

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