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Nazareth: The Cabinet did not launch payment on credit mechanism and stopped more than 200 projects in Dhi Qar
Dhi Qar / Hussein factor
Nazareth: The Cabinet did not launch payment on credit mechanism and stopped more than 200 projects in Dhi Qar
Dhi Qar / Hussein factor
The governor of Dhi Qar Yahia Nasseri, on Tuesday, the cabinet has done up to now themechanism "payment on credit", and pointed out that the central government 's instructions and directed work out until they reach thecommittees formed in this regard to " an appropriate formula" for the application of such a mechanism, as called to accelerate the launch, stressed stopped more than 200 service project in the province due to thefinancial crisis in Iraq. he said Yahia Nasseri, said in a statement, received a (long - Presse), a copy of it, that " the implementation of government projects in accordance with the style of payment on credit mechanism is not activated until the now in the whole of Iraq , "pointing out that" the instructions of the cabinet stating stop work payment mechanism on credit until they reach the committees formed by the ministries of Finance and planning and the Secretariat of the Council of Ministers to the appropriate application of such a mechanism formula. " He noted the Nazarene, that" the application of payment on credit measures sovereign guarantees required by the Ministry of Finance the required funds for the implementation of projects , "calling to" accelerate the launch of work to pay on credit for the implementation of government projects and theresumption of work projects stalled, "he" stopped more than 200 service project and development in Dhi Qar province as a result of the current financial crisis. " the province of Dhi Qar , had said on Tuesday (October 10, 2015) that the number of preservation projects in progress and interrupted as a result of the financial crisis of 444 projects, including 180 projects have been fully accomplished, but the financial his belongings remained unresolved until now because of a lack of funding "and showed that" the percentage of completion in the rest of the projects range between 20% and 90% of which are currently parked. dozens of contractors and business owners in the province of Dhi Qar demonstrated in (26 August 2015), in front of thegovernorate building to demand regardless own financial dues projects in 2013, and as pointed out that allocated to finance preservation projects , the funds do not cover 10% of the dues Contractors only, threatened to sit in the event of failure to respond to their demands. he was the governor of Dhi Qar has confirmed, in (June 14, 2015), that project funds do not cover debts owed to companies and contractors, and revealed that the administration of the province will adopt the mechanism adopted by the recent Council ofMinisters to repay those debts in accordance with the percentages achieved in the completion of projects. he was the governor of Dhi Qar has confirmed, in (June 14, 2015), that funding for preservation projects and theplan approved in this area requires more than 800 billion dinars in general, and as pointed out that the debt due and payable on the achievements of the stages of the work mentioned projects require more than 115 billion dinars.
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