Maliki: Many Countries Agree to Executing Projects in Iraq Upon Deferred Payment Plan
|November 23, 2011||Filled under Iraq Daily News|
Iraqi Prime Minister Nuri Al Maliki announced that 2012 monetary budget will be referred to the parliament soon. Many countries agreed upon executing projects according to a deferred payment plan, Maliki revealed calling provinces to invest in private as well as foreign sectors.
“The cabinet will soon refer 2012 monetary budget to the parliament,” Maliki said during a conference for governors and heads of provincial councils held at the ministerial council and attended by Alsumarianews.
“The budget focused on the operational side which weighed it down,” he pointed up.
Maliki attributed the causes of operational expenses’ increase to “the numerous demands calling for their increase”. The government hoped to give a chance for the investment sector within the budget in order to reconstruct provinces.”
“There is a committee working on stepping up the budget in order to increase investment expenses up to 30%,” Maliki added pointing out that “this requires the suspension of many operational expenses.’
“The government seeks to compensate lack of investment expenses in infrastructure projects,” Maliki revealed drawing the attention to the fact that “many countries including Germany, Japan and South Korea agreed to execute strategic projects based on a deferred payment plan.”
Maliki praised these countries’ approval and called provinces’ officials to “invest in the private sector and use foreign investment to benefit from local and foreign capital in reconstruction and services sectors.”
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