Three Iraqi provinces declare bankruptcy because of the adoption of
2014 budget
Publication Date 13/11/2014 08:06 AM
 Has
delayed the adoption of the Iraqi budget for 2014 because of political
differences, and low oil prices to declare bankruptcy three Iraqi
provinces, and it stopped projects which analysts warned bankers not to the
Iraqi government’s ability to pay the salaries of workers in institutions.
The 2014 budget amounted to $ 140 billion, calculated on
the basis of oil price of $ 90, while declining to $ 80 what is causing the
financial crisis, especially exchange large sums of money to the displaced
and the volunteers and the doors of the popular crowd control Daash emerged
after the Mosul and Tikrit.
She described the provinces of Karbala departments, and
Maysan, and Anbar, not to approve the general budget for 2014, the current
provincial campus of the implementation of hundreds of projects that will
change the reality service and investment, and promised that a negative
impact on next year’s plan in 2015, as pointed out that it is unable to pay
the dues of public projects 2013 also, because they do not have the money
in the local coffers.
He said the first deputy governor of Karbala, Jassem
al-Fatlawi, the administration of the province and put large projects plan
for 2014, the current, but you can not refer them to implement because of
the adoption of the state budget, and not to the Ministry of Planning
approval of the investment plan of the province, “noting that” the plan was
to change the face of the province The realities of the service, if entered
into force.
Fatlawi added that “Karbala deprived of the year 2014
more than 300 projects of which 70% was allocated to the sector of
municipal services, roads, education, water and sewer, they returned to the
negative impact of non-approval of the current year’s budget will impact on
next year 2015 plan.
For his part, Vice-President of the Council of the
province of Karbala Ali Abd al-Maliki, said that the lack of adoption of
the budget in spite of the conflict comes the financial year to finish,
government work and the efforts of construction and reconstruction killed,
adding that “Karbala is now experiencing a deficit of $ 300 billion dinars,
as a result of non-implementation of projects because of political pressure
which disrupted the state budget. ”
He pointed deputy governor of Karbala for Financial
Affairs, that “with the conservative rounded projects of the past in 2013,
has spent the amount of ten billion dinars, as payments for some of the
implementing companies, and failed to meet the rest”, stressing that “the
budget of the province of Karbala currently amounts to 60 thousand dinars
only , dues and financial companies have accumulated. ”
In turn exposed thousands of projects in the service,
education and health sectors, in Anbar province to stop as a result of lack
of adoption of the general budget and the absence of local budget from
private funds to cover the expenses of these projects amounting to about
825 billion dinars.
Because of the lack of budget and the concomitant of
exceptional circumstances because of the war on terrorism in Anbar
province, the delay amount 100 billion dinars exchange for Anbar province,
approved by the Council of Ministers to help those affected, and the
completion of infrastructure destructive acts.
The head of the provincial council Alkrhot morning in a
press interview: The local administration in Anbar province suffers from a
major problem in the availability of financial liquidity to compensate
those affected by military actions witnessed by the province as a result of
the presence of the terrorist organization Daash.
For his part, the local board of directors announced in
Maysan, Monday, failure to implement any of the current projects in 2014
due to lack of financial allocations for the delay in adoption of the
general budget, noting that the province, “received 168 billion dinars,
only rounded to projects of previous years.”
The official spokesman for the Board of Maysan province,
Rahe Abdul Wahid Albzona The distributed to health, education, service,
infrastructure, roads and bridges sectors in the current 2014 projects, Off
due to the adoption of the general budget, noting that it “negatively
impact on the reconstruction of the province and its development.
He Albzona, that the projects currently being
implemented are those approved during the years 2012 and 2013, “noting that
the federal government handed over the province 168 billion dinars for
projects in previous years, outside the scope of the operating budget for
the current year, which is estimated at more than 700 billion dinars.
|
No comments:
Post a Comment