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Iraqi official: Legislating the budget law will reveal the start of implementation of the Chinese agreement DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraqi official: Legislating the budget law will reveal the start of implementation of the Chinese agreement

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Iraqi official: Legislating the budget law will reveal the start of implementation of the Chinese agreement Empty Iraqi official: Legislating the budget law will reveal the start of implementation of the Chinese agreement

Post by claud39 Sat Feb 13, 2021 11:42 am

Iraqi official: Legislating the budget law will reveal the start of implementation of the Chinese agreement


February 13, 2021





Iraqi official: Legislating the budget law will reveal the start of implementation of the Chinese agreement 1024










Mubasher: Advisor to the Iraqi Prime Minister Mazhar Muhammad Salih confirmed today, Saturday, that the budget legislation enacted will reveal the start of the implementation of the Chinese agreement.



Saleh told the Iraqi News Agency (INA), that project financing in the framework agreement with China is stabilized through the credit facilities provided by the Chinese side to the investment projects contracted, according to the same agreement, in the interest of Iraq, especially when oil revenues are low and Iraq's share in the Iraqi fund is low. The same chinese.



He added, "There are two positive indicators for the work of this agreement, which extends for about 20 years. The first is to place allocations in the federal general budget 2021 on the government investment side and about two billion dollars in favor of the agreement and its projects.



The advisor to the prime minister pointed out that "the second indicator, announced a good intention to implement 2000 model schools according to the Iraqi-Chinese agreement."



Saleh pointed out that "the legislation of the federal budget law for the year 2021 will disclose the start of implementation of the agreement and the resumption of work with it."



The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, had previously confirmed to the Iraqi News Agency (INA): "The Iraqi-Chinese agreement is still in effect and extends to twenty years."





He pointed out that "the Iraqi sovereign funds accumulated in favor of the agreement, may have amounted to about one billion dollars since the implementation of it in mid-October of last year."



 

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claud39
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