17 trillion dinars allocated for infrastructure projects

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Economy and investment parliamentary reveal 17 trillion dinars allocated for infrastructure projects
31/01/2012 09:19

Baghdad, January 31 (Rn) - A commission of economy and investment in the Iraqi Council of Representatives, Tuesday, on the allocation of the Iraqi government $ 17 trillion dinars ($ 15 billion) for infrastructure projects (payment on credit) within the budget of 2012, indicating that the budget increased to 134 trillion dinars instead of 117 trillion dinars. The Iraqi government has approved in its emergency meeting on the fifth of last month's budget in 2012 which amount to 100 billion dollars (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). said Committee member Abdul Hussein Abtan told the Kurdish news agency (Rn), that "the Iraqi government included within the budget of 2012 $ 17 trillion dinars, or approximately $ 15 billion under the heading of infrastructure projects in a payment on credit." He Abtan that "the government considered the amount of part within the current year budget, "noting that" the balance of 2012 will be 134 trillion dinars instead of 117 trillion dinars. " The allocation of the amount of infrastructure projects, new approach to pass the draft payment on credit, the Government intends to implement over the bill of infrastructure which was ratified at a time Previously, a value of $ 37.5 billion and forwarded to the Parliament, but suffers from problems in the approval. and campus violence, corruption, Iraq from investments during the years of conflict that followed the fall of the former regime in the spring of 2003, while moving the rebuilding process slowly. and you need Iraqi cities strongly to the funds to build its infrastructure destroyed by years of war, sanctions and violence, and protesting citizens on an ongoing basis to the lack of basic services that could not successive Iraqi governments have provided despite the lapse of about nine years to overthrow the former regime. and ensure balance in 2012 to activate granting financial loans to citizens for the purposes of housing and farmers without interest financial, which might make it a way to find immediate solutions to the housing crisis and revitalize the agricultural sector. From: Haidar Ibrahim, the Open: the fulfillment Zangana

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