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Minister of Planning Budget 2021 will not include the inclusion of new projects only for necessity
Sunday 25 October 2020 - 14:43
Minister of Planning Budget 2021 will not include the inclusion of new projects only for necessity
Baghdad- Conscious
Planning Minister Khaled Batal al-Najm said Sunday that the 2021 budget will not include the inclusion of new projects unless absolutely necessary and by the decision of the council of ministers.
"The ministry's directions to address the repercussions of the health and financial crisis in Iraq and the ministry's priorities for the current and future phase, in light of the repercussions of the double crisis, which was caused by the Coved 19 pandemic, and the lack of revenues as a result of low oil prices," the ministry said in a statement.
"The minister chaired the meeting devoted to discussing the review of the tracks of the five-year national development plan, 2018-2022, and other strategies, which were held at the ministry and attended by the undersecretaries and general managers, as well as a number of experts and specialists in economic and development affairs," he said.
"The ministry's priorities in the current and future phase are three main paths, and other supportive and leveraged paths for the country's economy and development," the statement said, adding that "the first priority will be to strengthen and implement policies and programs aimed at alleviating poverty, after the marked rise in these indicators as a result of the pandemic and financial crisis, while the second priority will be to establish flexible mechanisms for government contracts."
"The ministry is making extraordinary efforts to find solutions and remedies for continuing projects, which are threatened with suspension, due to the scarcity of financial allocations," he said, adding that "the other priority will be to focus on the statistical indicators that the Central Bureau of Statistics will produce, because it represents an important pillar of development plans."
Economy
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Sunday 25 October 2020 - 14:43
Minister of Planning Budget 2021 will not include the inclusion of new projects only for necessity
Baghdad- Conscious
Planning Minister Khaled Batal al-Najm said Sunday that the 2021 budget will not include the inclusion of new projects unless absolutely necessary and by the decision of the council of ministers.
"The ministry's directions to address the repercussions of the health and financial crisis in Iraq and the ministry's priorities for the current and future phase, in light of the repercussions of the double crisis, which was caused by the Coved 19 pandemic, and the lack of revenues as a result of low oil prices," the ministry said in a statement.
"The minister chaired the meeting devoted to discussing the review of the tracks of the five-year national development plan, 2018-2022, and other strategies, which were held at the ministry and attended by the undersecretaries and general managers, as well as a number of experts and specialists in economic and development affairs," he said.
"The ministry's priorities in the current and future phase are three main paths, and other supportive and leveraged paths for the country's economy and development," the statement said, adding that "the first priority will be to strengthen and implement policies and programs aimed at alleviating poverty, after the marked rise in these indicators as a result of the pandemic and financial crisis, while the second priority will be to establish flexible mechanisms for government contracts."
"The ministry is making extraordinary efforts to find solutions and remedies for continuing projects, which are threatened with suspension, due to the scarcity of financial allocations," he said, adding that "the other priority will be to focus on the statistical indicators that the Central Bureau of Statistics will produce, because it represents an important pillar of development plans."
Economy
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