Saleh: Government seeks to move investments worth 100 billion dollars
10:05 - 18/05/2019
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Information / Baghdad ..
The Prime Minister's Advisor for Financial Affairs confirmed the appearance of Mohammed Saleh on Saturday that the government, for three months, has been exerting great efforts in moving the stagnant and stagnant projects in the private and government investment portfolios.
"The private sector can not work without the provision of a sound infrastructure," Saleh said in a statement. "Private investment portfolio projects, which are close to 900 projects, are either completely or completely idle, and their total value is 40 billion dollars. Dollars ".
Saleh attributed the reasons for the halt and delay of projects to "the allocation of land and sorting by the municipal departments, as well as the failure to grant banks loans and bureaucracy in dealing," stressing that "the government for three months is making great efforts to examine these investment projects in the private sector while overcoming the obstacles that In the ministries of the state, including the financial in terms of approvals and loans and municipalities in regard to the allocation of land, while combating corruption and bureaucracy in it.
The prime minister's adviser added that "the government is also seeking to move the government investment portfolio, which has a huge investment estimated at (4900) projects worth $ 100 billion dollars," explaining that "the reasons for the interruption is due to poor implementation with weak funding, which fluctuates with the oil revenue of oil "He said.
Saleh pointed out that "moving the portfolios of private investment and government will contribute to reducing the level of unemployment, which is now high rates up to 16 percent, with the achievement of what we expect from the growth of GDP by 7 percent, which is high, which is achieved by China now" . Ending / 25