The Iraqi government approves 50 billion dinars in lending to electricity companies
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The Iraqi government approves 50 billion dinars in lending to electricity companies
by RamblerNash Thu Jul 08, 2021 9:47 pm
07/08/2021
Economy News _ Baghdad
The Cabinet decided to lend to the companies of the Ministry of Electricity to improve the reality of the national grid system in the country.
The Council of Ministers decided in its twenty-sixth regular session, held on 6/7/2021, the following:
Lending to profitable Ministry of Oil companies and Ministry of Electricity companies an amount of (50 billion) fifty billion dinars; To improve the reality of the electrical system, provided that the amount is paid after one year.
The council also agreed to allocate the Ministry of Finance two billion dinars to the Karbala governorate to secure the expenses of the Arafa visit.
The Council of Ministers, in its twenty-sixth regular session held on 6/7/2021, approved the allocation of the Ministry of Finance an amount of (200,000,000) two billion dinars to the Karbala governorate from the emergency reserve.
comes the decision; For the purpose of securing the expenses of visiting Arafa and providing the service to the visitors, based on the provisions of Article (5) of the Federal Budget Law for the fiscal year 2021.
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