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Mubasher: The Minister of Planning, Khaled Battal Al-Najm, said that Iraq needs 136 trillion dinars. To complete the ongoing projects, indicating that the largest part of them is for the ministries of oil and electricity.
Al-Najm added, in an interview via Al-Sharqiya satellite channel, that there are more than 6 thousand ongoing projects, indicating that the Ministry of Planning is facing a problem in dealing with it, especially the stalled ones, which amount to more than two thousand suspended projects.
The Minister of Planning explained that the stalled projects are due to the lack of financial liquidity, pointing out that the stalled projects are costing guard wages and are facing a continuous state of extinction.
Al-Najm pointed out that the identity of the Iraqi economy is a hybrid one due to the transitional phase, indicating that the Iraqi economy was paralyzed after 2003.
The minister pointed out that investment in Iraq faces two problems: These are the laws and the allocation of lands for investment projects, indicating that 95% of the lands in Iraq are owned by the state.
He continued: "Iraq has not gone through a stable condition with poor implementation. We suffer from implicit corruption in the implementation of projects."
Al-Najm said that the plans were not implemented due to the security and economic deterioration, and the implementation of the plans is accompanied by the availability of financial capabilities.
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