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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


360 billion dollars worth of corruption costs in Iraq

rocky
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360 billion dollars worth of corruption costs in Iraq Empty 360 billion dollars worth of corruption costs in Iraq

Post by rocky Mon 17 Jan 2022, 7:05 am

[size=52]360 billion dollars worth of corruption costs in Iraq[/size]

[size=45]Wasting money in projects and evaluating them by multiples of their real value is a scourge that has eaten up a lot of Iraq’s budgets and has very negative effects on its economy and infrastructure and affected the level and number of service projects implemented, and its effects are still striking deeply, and the country’s governorates are paying dearly for it.[/size]
[size=45]The Presidency of the Republic’s preparation of the Corruption Revenue Recovery Act constituted an opportunity to pursue the money smuggled abroad through the corrupt, who took advantage of these projects for illegal enrichment, a condition of its legislation. coming.[/size]
[size=45]Unfinished and unfinished projects[/size]
[size=45]Former MP Falah Al-Khafaji says that huge amounts of money were wasted on unfinished projects in most governorates.[/size]
[size=45]He explains that "large sums were wasted on projects that were not completed and others that were not implemented, and the evidence for this is that we have projects in Babylon from the years 2008, 2009, 2011 that could have had a positive impact on the province, but unfortunately they were not implemented."[/size]
[size=45]He added, "The Babylon Provincial Council project has wasted 16 billion dinars since 2010 and work has stopped and it must be referred for investment rather than its survival and extinction."[/size]
[size=45]He added, "Most of the provinces, such as Babylon, Muthanna and Dhi Qar, are very poor, and with any rain that floods their streets, this issue is borne by the governors who did not do justice to the provinces, while Karbala province, when we enter it now, we find a big difference at the level of work, and now Karbala is starting to appear beautiful."[/size]
[size=45]He pointed out that "many of the stolen sums were leaked outside Iraq and deposited in foreign banks through corrupt people, including ministers and personalities. If Interpol was activated well and Iraq had good relations with the countries of the world, it is possible to return that money and its value can contribute to the reconstruction of Iraq."[/size]
[size=45]Demand for legal[/size]
[size=45]Anti-corruption expert Saeed Moussa says, “According to the government statement, the amount of money wasted as a result of corruption amounts to 300 billion dollars, and after that I stated that we are looking for an amount of 360 billion dollars, which is the costs of corruption in fake and lagging investment projects with the costs of price inflation in speculation. Estimating the prices of goods supplied to the government.[/size]
[size=45]He added, "The process of recovering and recovering looted funds is a strenuous process and may take many years, in addition to the costs of prosecution, because the looted and smuggled money enters the economies of the sanctuary countries," stressing "the importance of focusing on taking preventive measures that prevent corruption."[/size]
[size=45]And he stated, "The best practices for establishing a fund to recover stolen money and assets is to direct this recovered money towards public services in sectors that touch the public's daily life, such as health, municipality, education and human development in training and rehabilitation without entering this money into the public treasury."[/size]
[size=45]He pointed out, "The vast majority of infrastructure projects, including sewage, are surrounded by suspicions of corruption from referral to receiving projects, and as it appears, they were not implemented in accordance with quality standards and performance efficiency, in addition to the lack of specialization of many implementing companies and their technical and financial eligibility."[/size]
[size=45]He called on the responsible authorities to legislate a law for the implementation of government contracts, projects and procurement, with the establishment of a reconstruction council in accordance with a clear strategic vision that can be implemented and with a specific time limit that can be monitored, followed up and measured.[/size]
[size=45]Expert: More than a trillion dinars, the volume of wasted amounts[/size]
[size=45]In turn, the expert in corruption affairs, Muhammad Rahim, explained that “the money wasted on fake projects is estimated at between 25-40% of the general budget, for each country at the regional level and not only in Iraq. For the oil and gas-producing governorates, where this money is estimated at more than one trillion dinars until 2019 according to the reports of the regulatory authorities in Iraq.[/size]
[size=45]He continued, "There are problems in the Ministry of Finance about the mechanism of disbursing this money in the governorates, due to the failure to settle the legal status of the previously received amounts for several years, in addition to the fact that there is a large door to wasting money through contracts for licensing rounds and the issue of inflating costs, as well as the fictitious projects that Iraq pays its money to foreign companies, so as a natural result, the wasted money ranges between 6 and 10 times the prescribed amounts, because when the corrupt official wants to steal 10 million dinars, he concludes a contract or deal in the amount of 100 million dinars in order to cover the corruption deal he concluded to obtain The private benefit and the contracted project may be the country or entity to which it belongs that is not in dire need of this project, and there are projects that meet the needs of the most important that he left.”[/size]
[size=45]And on how to recover the money, he explained, “The work to recover the looted funds is through international cooperation and bilateral agreements with the countries in which these funds are located,” stressing that “Iraq is serious about this work, using all the tools available to it through the Arab Network to Promote Integrity and Combat Corruption. As well as its membership in the United Nations Convention against Corruption.[/size]
[size=45]He pointed out, "The recovery of looted funds from Iraq will contribute to the development of infrastructure and help provide job opportunities in society, so Iraq must implement the Stolen Fund Recovery Law, similar to a number of countries, so that the law includes disbursing the recovered funds to infrastructure projects in poor areas and not Return the money to the Ministry of Finance, because this step will encourage the community to engage in the process of fighting corruption and supporting integrity.”[/size]
[size=45]He pointed out, "The deterioration of infrastructure projects and their failure to sustain and maintain them comes due to rampant corruption in service institutions," describing them as a "big disaster", adding that "a rich country like Iraq does not have the most basic services for living, such as drinking water, electric power and electricity networks. Sanitation due to corruption and waste.[/size]
[size=45]Abolition of high spending doors[/size]
[size=45]Meanwhile, the economic expert Bassem Antoine said that the previous parliament's decision to abolish the provincial councils stopped a great reason for wasting money, no less dangerous than corruption in projects.[/size]
[size=45]In his speech, he said that "spending on the salaries of provincial council members formed a large number on the state budget, reaching 208 billion dinars annually, and each member has 3 wheels and 6 members of protection."[/size]
[size=45]He added, "The abolition of this device and other redundant and useless devices will provide the budget with large sums that can be used in the real development process, providing these amounts to the state budget and employing the unemployed."[/size]
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