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Governmental advisor: More than 6 thousand stalled projects at a cost of 100 billion dollars I_icon_minitimeMon Jan 15, 2024 5:43 pm by RamblerNash

Governmental advisor: More than 6 thousand stalled projects at a cost of 100 billion dollars

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Post by RamblerNash Wed Oct 21, 2020 10:04 am

Governmental advisor: More than 6 thousand stalled projects at a cost of 100 billion dollars 887
The appearance of Muhammad Saleh
 
10/19/2020

Economy News - Baghdad

The Prime Minister’s Adviser for Financial Affairs, Dr. Mazhar Muhammad Salih, announced that there are more than 6,000 projects stalled at a cost of more than $ 100 billion.

Saleh said in an article published by the Iraqi Economists Network, seen by Al-Iktissad News, that "from 2008 until 2019, more than 6 government investment projects were committed to a value of more than $ 100 billion," indicating that "once there is an annual financial deficit that begins." Stumbling in financing and taking a new priority procedure in choosing which project to be stopped and any project to continue working. "

He added that "in order for the project to be continuous, hundreds of other incomplete projects must be stopped due to the funding deficit, especially the important municipal projects related to the lives of people at a time when energy projects (oil and electricity) are the only ones that have priority in financing even in times of financial deficit," stressing that Energy projects acquire more than 50% of the annual government investment allocations. "

https://economy-news.net/content.php?id=22324
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