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Planning: Iraq needs 126 trillion dinars to complete the 6,250 projects under construction


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 Reconstruction and building


Economy News - Baghdad

The Minister of Planning, Khaled Battal, announced that there are 6,250 projects under construction that need to provide 126 trillion dinars to complete them.

Battal said during his hosting in Parliament and was seen by "Al-Eqtisad News", that this large number of projects caused the failure to include any new project in the new budget law, explaining that the delay in completing the projects led to the failure to provide services to citizens, including the existence of 42 unfinished housing complexes that need to be Accurately recounting them to begin their implementation, as well as the necessity to devise a real reform plan to address the delay in implementing projects .

The Minister of Planning stated that the Ministry had instructed to stop international obligations to pressure spending units, which led to the deprivation of some provinces of services, pointing to the exception of some projects in the governorates that have funds to implement their projects without demanding additional funds until liquidity is available, stressing the importance of going to alternatives in allocating funds For vital projects to be completed, especially health institutions and residential complexes in the governorates, pointing out that the inclusion of any new project requires its inclusion in the federal budget law or meets any development gap .

 
 
Number of observations 292   Date added 09/08/2020
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confiscate former and current corrupt iraqi officials stolen monies ... that'll help finish the projects in reality its probably why shortages have occured ..... cheers dv'ers

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Minister of Planning: Iraq needs 126 trillion dinars to complete projects under construction

Minister of Planning: Iraq needs 126 trillion dinars to complete projects under construction
Iraqi Minister of Planning, Khaled Battal Al-Najm
 09 September 2020 11:48 AM

Mubasher: The Iraqi Minister of Planning, Khaled Battal Al-Najm, attended the third session of the House of Representatives of the fourth parliamentary session of the third legislative year of the first legislative term, which was held by the Council on Tuesday, headed by Parliament Speaker Muhammad al-Halbousi; To answer a question addressed to him by Representative Muhammad Sahib Al-Darraji, a member of the Finance Committee, according to the bylaw of the House of Representatives to exercise its oversight role.

The Minister of Planning said, according to a statement by the House of Representatives, that there are 6,250 projects under construction in Iraq that need to provide 126 trillion dinars to complete them, indicating that this large number of projects causes no new project to be included in the new budget law.

Al-Najm added that the delay in completing projects has led to the failure to provide services to citizens, including the presence of 42 unfinished housing complexes that need to be accurately recounted to begin their completion, in addition to the need to develop a real reform plan to address the delay in implementing projects .

The Minister of Planning stated that the Ministry had instructed to stop international obligations to pressure spending units, which led to depriving some governorates of services, noting that except for some projects in the governorates that have funds to implement their projects without requiring them for additional funds until liquidity becomes available.

Al-Najm stressed the importance of directing to alternatives in allocating funds for vital projects to complete them, especially health institutions and residential complexes in the governorates, pointing out that the inclusion of any new project requires its inclusion in the federal budget law or meets any development gap .

For his part, the Speaker of Parliament stressed the need to present any government move to negotiate any external loan to the relevant parliamentary committees before negotiating with foreign parties.

 Al-Halbousi pointed out, to address the lifting of the financial restriction taken by the previous government on contracts in the governorates that witnessed demonstrations, and to allow financial spending units to proceed.

During the session, the Council postponed the vote on the first amendment law proposal to the Iraqi Commission for Approval (78) of 2017 submitted by the Economy, Investment and Finance Committees until the government’s opinion is taken regarding the financial aspect of amending the law.

The President of the Council directed each of the two committees concerned with approaching the Council of Ministers to express their opinion on amending the Iraqi Authority for Approval and Answer Law for a period not exceeding one week, otherwise the Council of Representatives proceeds with the enactment of the law.

The Council completed the first reading of the draft law of the first amendment of the General Census of Population and Housing Law No. (40) of 2008 submitted by the committees monitoring the implementation of the government program and strategic and legal planning. In order to reconfigure the General Authority for the General Population and Housing Census in light of the changes taking place in the state’s administrative structure, and to grant the Authority’s president the necessary powers to conduct the general population and housing census.

The Council completed the first reading of the proposed law to cancel the (dissolved) Revolutionary Command Council Decision No. 218 of 2002 submitted by the Legal Committee. In order to remove the unfairness of the employee who spent years of his life in compulsory service and the movements judged according to the laws of military service, and to consider that service for the purposes of bonus, promotion and retirement, and to cancel the dissolved Revolution Command Council's decision that considered that service for retirement purposes exclusively.

The council decided to adjourn the meeting to next Thursday.

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Yes Iraq: Follow up

A press report discussed the fate of thousands of investment projects pending in Iraq amid the financial crisis that plagues the country and reached the government's inability to put its hand even on the necessary operational expenses, including the salaries of employees, while the investment projects threatened with suspension are estimated more than 6 thousand projects, where the government needs about 100 Billion dollar.

 

The report, published by the Independent newspaper, says that “despite the success of the Ministry of Planning during the last two months in finding funding for some projects through borrowing, both internally and externally, especially finding funding to complete 24 hospitals out of 50 that are not working in them, but MPs and specialists believe that There are complications and difficulties that prevent tangible progress in attracting funding for these projects or referring them to investment.

 

In the south of the capital, Baghdad, an unfinished building stands for a school, which is still waiting for someone to complete it for several years in the hope that it will fill part of the shortage of schools that the city needs, after its schools have become overcrowded with students and lack the most basic elements of modern education.

 

This building is one of thousands of different projects for schools, kindergartens, hospitals, bridges, roads, housing, water purification, sewage, sports facilities, and other fields. Work on it has stopped since 2014 due to the economic crisis due to low oil prices and military operations against ISIS.

 

The Iraqi Ministry of Planning estimates that 6250 projects are threatened with stoppage and lagging behind, a large part of which have been destroyed and destroyed by the theft of their own equipment.

 

According to the Integrity Commission, the cost of completing these projects needs more than $ 100 billion, which may force the Iraqi state to cancel many of them, or refer part of them for investment to the private sector after making amendments to them that may reduce their cost.

 

 

 

Banks and the economic crisis  

A member of the Economic Committee in the Iraqi Parliament, Hassan Jalal, believes that the complications that banks put in granting loans are one of the reasons for stopping investment and development projects, and they need steps to simplify procedures for more investors.

Jalal says, "The banks refuse to lend to investment projects whose completion rates have reached more than 25 percent because of the routine in place in most Iraqi banks that are considered to be expelling investment." Delayed salaries of employees are likely to stop until alternatives are found.

Among the solutions proposed by a member of the Parliamentary Economic Committee to complete projects is to seek the help of the private sector and involve it with its general counterpart in this regard to ensure speedy implementation.

The administrative authorities are working on a project that they say will speed up the completion of daily transactions and reduce the rampant administrative corruption in state institutions in the name of “electronic governance” and its actual application in a number of state institutions. However, the lack of an infrastructure for the telecommunications sector narrowed the project’s implementation cycle.

 

 

 

Resorting to the private sector  

For his part, economic researcher Basem Abdel Hadi agrees with the opinion of the Parliamentary Economic and Investment Committee, and finds that referring these projects to the private sector is an important step in order to speed up their implementation.

Abdul Hadi adds that "the Iraqi government should focus on projects that have reached advanced stages of completion, especially in this period that suffers from a stifling economic crisis, especially those that have to do with infrastructure such as roads, bridges and communications for its role in promoting the work of the private sector." The government is to provide the necessary sums within the investment budget for 2021.

Perhaps what investors aspire to is a quick profit, and this is what appears from the total investments that have appeared since the beginning of the construction wheel in Iraq after 2003, as the investors focused on the areas of shopping centers, commercial complexes and some residential complexes, and these investments were at the expense of their counterparts in the field of industry and agriculture. .

 

 

 

$ 100 billion to complete the projects 

In turn, the former economic advisor in the cabinet, Mazhar Muhammad Saleh, estimates the number of lagging projects with more than 6 thousand projects at a cost of $ 100 billion.

Saleh added that "the Iraqi government committed itself to establishing thousands of investment projects, which led to a delay in their completion with any financial distress facing the government, especially since these projects were subject to the effects of political and regional quotas in choosing them at the expense of economic returns." The budget for 2021 if the financial crisis continues, and according to Saleh, the priority will be in the 2021 budget for the energy sector and projects under delivery or projects related to international loans and financing.

 

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NIC plans to Revitalize Stalled Projects in Iraq

 

 

Date

10/8/2020 8:39:58 AM
 

 

(MENAFN - Iraq Business News) By John Lee.

Iraq's National Investment Commission (NIC) has announced that it has prepared a plan to revitalize stalled projects.

NIC Chairman, Suha Dawood Najar (pictured), said:

"NIC have prepared a plan to revitalize the investment process all over the country in all sectors through activating the lurking and halted projects and reshaping them financially and technically, noting that " there is some red tape that hinders the implementation of these projects, the matter that urged NIC to directly coordinate with the concerned departments and institutions to solve problems especially these connected to infrastructure and investment projects in health and industry sectors.

"The financial ceiling for the investment projects within which NIC was concerned is 250 Million $ and above according to investment law but we currently seek to adopt all projects regardless of its area or financial cost, assuring at the same time that we are about to find a clear and well defined mechanism through which we can equally involve the citizens and the private sector in NIC projects to ensure its funding.

"NIC started real steps to solve the problems that face lurking investment projects and visits have been made to a number of projects in several provinces (Basrah, Kerbala, Wasit) to participate in easing these problems."

The Chairman also referred to the importance of activating the role of the One Stop Shop to solve the red tape problem and assured that "the Commission seeks to take its role in adopting the economic policies for the investment process in the country and not to be exclusively devoted to granting investment licenses but also revitalizing the halted projects" stressing the significance of activating the investment law in a way that harmonize with the new vision and avoid loopholes in law that obstruct this goal."

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Planning Minister Khaled Battal Al-Najm announced, on Saturday, the inclusion of 8 new governorates within the second phase of the Social Fund for Development projects.

The Minister of Planning stated during his visit to Sulaymaniyah Governorate, according to a statement by his office, and the Nun News Agency received a copy of it, that "the new governorates covered by the Social Fund for Development projects are the governorates of Dhi Qar, Maysan, Diwaniyah, Babil, Baghdad, Nineveh and Anbar, in addition to Sulaymaniyah. "

He pointed out that "the mechanisms of inclusion depend on the criteria of the poverty rate and the number of people in each governorate. Therefore, the southern governorates suffer a remarkable increase in poverty rates during the past years, as a result of the conditions that these governorates faced."

He revealed that he had made "field visits to the southern and central governorates, which will be covered by the Fund's projects, in the coming days, to find out the service reality and determine the projects that will be implemented there," stressing the ministry's keenness and interest in achieving development in all governorates, according to development gaps Determined by planning studies. "

He added that "the first phase of the fund's work included the governorates of Muthanna, Salah al-Din and Dohuk, while the remaining seven governorates will be included during the third phase," noting that "the first phase of the project witnessed the implementation of more than 60 projects, in 29 villages, at a total cost of 13 billion." JD, and it provided more than 1000 job opportunities in the three governorates.

The Minister of Planning confirmed, "There is high-level cooperation with the World Bank to support the ministry's efforts in implementing the Social Fund projects, which will contribute to helping poor communities, according to various mechanisms, based on planning from the bottom up, through the participation of the local community in choosing a quality The required projects, which are mostly in the fields of health, education, water, sewage and roads. "

The Minister of Planning arrived this morning, to Sulaymaniyah Governorate, and held an expanded meeting with its local government.

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The inclusion of 8 governorates in the Social Fund for Development projects

 
Baghdad: Morning
 
 
The Ministry of Planning included 8 new governorates with the Social Fund for Development projects, namely Dhi Qar, Maysan, Diwaniyah, Babel, Baghdad, Nineveh, and Anbar, in addition to Sulaymaniyah, indicating that the mechanisms of inclusion adopt the criteria of poverty and the number of people in each governorate, and therefore the southern governorates suffer A significant increase in poverty rates over the past years, as a result of the conditions that these governorates faced.
In a statement, Minister of Planning Khaled Battal Negm confirmed that he had made field visits to the southern and central governorates, which will be covered by the Fund's projects, in the coming days, to find out the service reality and determine the projects that will be implemented there, pointing to the ministry’s keenness and interest in achieving development in All governorates, according to development gaps, identified by planning studies.
Negm added that "the first phase of the fund's work included the governorates of Muthanna, Salah al-Din and Dohuk, while the remaining seven governorates will be covered during the third phase," adding that "the first phase of the project witnessed the implementation of more than 60 projects, in 29 villages, at a total cost of 13 billion." JD, and it provided more than 1000 job opportunities in the three governorates.
He stressed that “there is high-level cooperation with the World Bank to support the ministry’s efforts in implementing the Social Fund projects, which will contribute to helping poor communities, according to various mechanisms, dependent on planning from the bottom up, through the participation of the local community in choosing the type of projects required. That is mostly in the areas of health, education, water, sewage and roads. ”
The Minister of Planning arrived yesterday morning in the province of Sulaymaniyah, and held an expanded meeting with its local government, attended by the Minister of Planning in the Kurdistan Region, Dara Rashid and the Governor of Sulaymaniyah, Haval Abu Bakr, and during the meeting a number of issues and files related to the development, investment and service reality in the Kurdistan region were discussed The nature of joint cooperation, and ways to overcome problems and difficulties facing development in general, through the formation of joint work teams to find solutions and treatments for all files.
Lingering.
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Saleh: More than 6 thousand stalled projects

Wednesday 21 October 2020 15

Saleh: More than 6 thousand stalled projects

 
  Baghdad: Morning 
 
The Prime Minister’s Adviser for Financial Affairs, Dr. Mazhar Muhammad Salih, confirmed the existence of more than 6 thousand stalled projects at a cost of more than 100 billion dollars. Saleh said in an article published by the Iraqi Economists Network, that “from 2008 until 2019, more than 6 projects have been committed. A government investment with a value of more than $ 100 billion, "noting that" as soon as there is an annual financial deficit, the financing will start to falter and take a new priority procedure in choosing which project to be stopped and any project that continues to work. " Hundreds of other projects incomplete due to the funding shortfall, especially important municipal projects linked to people's lives.
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Information / translation ...

A report by the American Monitor newspaper revealed that Iraqi and foreign investors are facing threats to their investment projects, such as compensation and appointment demands by some tribal militants, which forces them to withdraw for fear of violent retaliation if those demands are not met.

The report translated by Al-Maalouma agency stated that “about 6000 investment projects suspended in Iraq between the years 2008 to 20019 as a result of threats, while the Malaysian oil company Petronas hinted, in the latest developments, to withdraw from the Al-Gharaf oil field project in Dhi Qar province in the wake of the tensions resulting from Behavior of tribesmen who live near the field there ”.

Muhammad Rahim al-Rubaie, a board member of the Iraqi Extractive Industries Transparency Initiative, said that “foreign investors and companies operating in the country are facing more and more attempts at extortion,” adding that “some tribes claim to own lands abandoned for decades, claiming that these properties belong to Their parents and grandparents, and they are not ready to give it up except in exchange for financial compensation from oil or investment companies.

He continued, "The Iraqi government paid the tribes huge sums of compensation even though it is state property, but the next stage of extortion included stopping the operations of some companies to obtain secondary contracts and employ tribesmen in the workplace."

For his part, the financial advisor to the prime minister, Mazhar Muhammad Salih, said that “blackmail attempts against investors and economic activity must be dealt with firmly and rejected as harmful to the national economy,” indicating that “as a result of such blackmail, Iraq is now ranked 171 out of 190 countries in the evaluation.” Ease of Doing Business “Issued by the World Bank in 2019.”

Saleh pointed out that “this classification was based on criteria such as the rule of law and the fight against corruption. Therefore, the state needs to make a great effort to give investors reassurances that they can work on its lands ”without being threatened.

The report indicated that “while the National Investment Commission has identified more than 100 investment opportunities worth $ 75 billion, investor interest remains low because Iraq is not considered an appropriate environment due to security, political, economic and social instability.”

For his part, “The President of the Investors Association in Iraq, Alaa Al-Mousawi, said that“ investment companies that are exposed to such blackmailing face impacts on their business and profits and will push them to reduce their activities and investments. ”He noted that“ foreign companies, especially in the oil sector, have been subjected to harassment by local citizens who They are looking for money. ”

The report pointed out that "most Iraqi investors have come to prefer investing in neighboring countries such as Turkey, Jordan, Iran, Egypt and the UAE, rather than Iraq , due to issues of bureaucracy, corruption, extortion and weak law enforcement." End / 25 z

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On 10/6/2020 at 10:57 PM, yota691 said:
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Yes Iraq: Follow up

A press report discussed the fate of thousands of investment projects pending in Iraq amid the financial crisis that plagues the country and reached the government's inability to put its hand even on the necessary operational expenses, including the salaries of employees, while the investment projects threatened with suspension are estimated more than 6 thousand projects, where the government needs about 100 Billion dollar.

 

The report, published by the Independent newspaper, says that “despite the success of the Ministry of Planning during the last two months in finding funding for some projects through borrowing, both internally and externally, especially finding funding to complete 24 hospitals out of 50 that are not working in them, but MPs and specialists believe that There are complications and difficulties that prevent tangible progress in attracting funding for these projects or referring them to investment.

 

In the south of the capital, Baghdad, an unfinished building stands for a school, which is still waiting for someone to complete it for several years in the hope that it will fill part of the shortage of schools that the city needs, after its schools have become overcrowded with students and lack the most basic elements of modern education.

 

This building is one of thousands of different projects for schools, kindergartens, hospitals, bridges, roads, housing, water purification, sewage, sports facilities, and other fields. Work on it has stopped since 2014 due to the economic crisis due to low oil prices and military operations against ISIS.

 

The Iraqi Ministry of Planning estimates that 6250 projects are threatened with stoppage and lagging behind, a large part of which have been destroyed and destroyed by the theft of their own equipment.

 

According to the Integrity Commission, the cost of completing these projects needs more than $ 100 billion, which may force the Iraqi state to cancel many of them, or refer part of them for investment to the private sector after making amendments to them that may reduce their cost.

 

 

 

Banks and the economic crisis  

A member of the Economic Committee in the Iraqi Parliament, Hassan Jalal, believes that the complications that banks put in granting loans are one of the reasons for stopping investment and development projects, and they need steps to simplify procedures for more investors.

Jalal says, "The banks refuse to lend to investment projects whose completion rates have reached more than 25 percent because of the routine in place in most Iraqi banks that are considered to be expelling investment." Delayed salaries of employees are likely to stop until alternatives are found.

Among the solutions proposed by a member of the Parliamentary Economic Committee to complete projects is to seek the help of the private sector and involve it with its general counterpart in this regard to ensure speedy implementation.

The administrative authorities are working on a project that they say will speed up the completion of daily transactions and reduce the rampant administrative corruption in state institutions in the name of “electronic governance” and its actual application in a number of state institutions. However, the lack of an infrastructure for the telecommunications sector narrowed the project’s implementation cycle.

 

 

 

Resorting to the private sector  

For his part, economic researcher Basem Abdel Hadi agrees with the opinion of the Parliamentary Economic and Investment Committee, and finds that referring these projects to the private sector is an important step in order to speed up their implementation.

Abdul Hadi adds that "the Iraqi government should focus on projects that have reached advanced stages of completion, especially in this period that suffers from a stifling economic crisis, especially those that have to do with infrastructure such as roads, bridges and communications for its role in promoting the work of the private sector." The government is to provide the necessary sums within the investment budget for 2021.

Perhaps what investors aspire to is a quick profit, and this is what appears from the total investments that have appeared since the beginning of the construction wheel in Iraq after 2003, as the investors focused on the areas of shopping centers, commercial complexes and some residential complexes, and these investments were at the expense of their counterparts in the field of industry and agriculture. .

 

 

 

$ 100 billion to complete the projects 

In turn, the former economic advisor in the cabinet, Mazhar Muhammad Saleh, estimates the number of lagging projects with more than 6 thousand projects at a cost of $ 100 billion.

Saleh added that "the Iraqi government committed itself to establishing thousands of investment projects, which led to a delay in their completion with any financial distress facing the government, especially since these projects were subject to the effects of political and regional quotas in choosing them at the expense of economic returns." The budget for 2021 if the financial crisis continues, and according to Saleh, the priority will be in the 2021 budget for the energy sector and projects under delivery or projects related to international loans and financing.

 

Says it all 126 trillion or 100 billion plain and simple..,remove zeros 

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5 hours ago, horsesoldier said:

Reckon this could be the fuse that really lights up Kazemi ????

Nope if they want to build the big projects they need to remove the zeros and adjust rate 

Edited by screwball
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5 minutes ago, screwball said:

Nope if they want to build the big projects they need to remove the zeros and adjust rate 

SB, Let's hope PM Kazemi can bring Iraq across the finish line.  Now is the time to MIGA and introduce their currency to the International Stage.  Come on boys & girls git er done ASAP.....👍👍🙏🙏😁😁

 

GO RV & RI

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Iraqi planning: Opening documentary credits will ensure the completion of investment projects

Iraqi planning: Opening documentary credits will ensure the completion of investment projects
Iraqi Ministry of Planning
 01 November 2020 12:41 PM

Mubasher: The Iraqi Ministry of Planning confirmed today, Sunday, that opening documentary credits will ensure the completion of government investment projects, indicating that this step will enable the financing of ongoing projects.

The ministry's spokesman, Abdul Zahra Al-Hindawi, said, according to the Iraqi News Agency, "INA": "The step of agreeing to include opening the documentary credit or strengthening it and implementing the work in a direct implementation method will ensure the completion of projects, especially the continuing ones, and ensure the progress of work on them and not stop them."

Al-Hindawi pointed out that the implicit documentary credits will be funded in the projects that need to be opened or strengthened. It will also be possible to finance the continuing projects of the ministries of water resources and electricity and others, as well as the projects of the provinces that are directly implemented by them in a direct implementation method.

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Iraqi Integrity stops disbursing contract amounts of 35 billion dinars

Iraqi Integrity stops disbursing contract amounts of 35 billion dinars
Iraqi Integrity Commission
 01 November 2020 11:49 AM

Mubasher: The Iraqi Integrity Commission revealed today, Sunday, that it has stopped disbursing sums allocated to a contract worth 35 billion dinars.

A statement by the authority said today, Sunday, that the investigation department indicated that the team that moved to the governorate office was able to control all the priorities related to the governorate contracting, contrary to instructions, with a general contracting company, for the purpose of completing the unfinished works for the construction of schools in the pre-built method for a total amount Its amount is 35 billion dinars. "

He added that "the team then moved to the Ministry of Planning, where it was able to control the authorized director of the contracting company while he was at the ministry’s headquarters, noting that the disbursement of the advance amount allocated to the company amounting to 1,500 billion dinars has been stopped."

Its preliminary investigations with the authorized director led to his falsification of his identity. ” 
He explained that“ a fundamental record of seizures in the operation that was carried out was organized, based on a judicial memorandum, and the company of the accused presented it to the judge of the Hilla Investigation Court competent to hear cases of integrity, to take appropriate legal measures. ".

At the end of last August, the authority had announced that it had seized the priorities for the project of constructing 25 schools through the pre-fabricated construction method referred to a foreign company, at an amount of 57,894 billion dinars, after it revealed the existence of cases of waste of public money that accompanied the implementation of the terms of the contract.

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The President of the Republic calls for setting up reform plans and programs
 

Baghdad - People  

On Sunday, the President of the Republic, Barham Salih, discussed with Minister of Planning Khaled Battal, during his reception at the Peace Palace in Baghdad, the development of the country's economic policies.  

A statement of the Presidency of the Republic, a copy of which was received by "People," (November 8, 2020) stated, "The President of the Republic stressed during the meeting the importance of the role of the Ministry of Planning in all its formations in drawing economic and social development strategies, and in particular setting reform plans and developing economic policies in accordance with Of the variables, besides developing human resources and conducting research and studies to determine priorities in implementing projects according to the citizens' need for them.  

The president pointed out, according to the statement, to "the necessity of preparing plans and programs in the economic and social sectors, providing statistics and data related to the work of state institutions in carrying out the tasks entrusted to them, and the importance of reforming the public and private sectors and overcoming the difficulties that stand in front of that, and preparing programs to address and alleviate problems." Unemployment and poverty. "  

The statement continued, "The President of the Republic listened to a brief presented by the Minister, on the functioning of the ministry and the tasks it is embarking on, as well as its future plans to raise the level of performance of state institutions towards better results." 

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Saleh to the Minister of Planning: The importance of developing economic reform plans and supporting the private sector
  
(Baghdad: Al Furat News) President Barham Salih stressed, on Sunday, the importance of setting economic reform plans and supporting the private sector.

A statement by the Presidency of the Republic stated that "President Barham Salih received today, at the Peace Palace in Baghdad, Minister of Planning Khaled Battal Al-Najm," indicating that "Saleh stressed the importance of the role of the Ministry of Planning in all its formations in drawing economic and social development strategies, and in particular setting reform plans and developing policies. According to economic changes, as well as developing human resources and conducting research and studies to determine priorities in implementing projects according to the citizens' need for them.
The president pointed out, according to the statement, "the necessity to prepare plans and programs in the economic and social sectors, and to provide statistics and data related to the work of state institutions in carrying out the tasks entrusted to them," stressing "the importance of reforming the public and private sectors and overcoming the difficulties that stand in front of this, and preparing programs to address and reduce The problems of unemployment and poverty. "
The statement continued, "The president of the republic heard a briefing from the minister about the ministry’s workflow and the tasks it is undertaking, as well as its future plans to raise the level of performance of state institutions towards better results."
Ali al-Rubaie

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Planning: 6,250 projects threatened to cease

Sunday 15 November 2020 33

Planning: 6,250 projects threatened to cease
 
 Baghdad: Conscious: a safe haven 
 
The Ministry of Planning has identified 6250 projects that are threatened with stoppage due to the current financial crisis, noting that the completion rates of these projects vary and an amount of $ 100 billion must be allocated for their completion.
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said, "The financial crisis that the world is going through in general and Iraq in particular due to the Corona pandemic and the drop in oil prices have caused the suspension of 6,250 projects in the sectors of health, education, agriculture, industry, tourism, electricity, transportation and oil," noting that "the sums we need to complete this Projects amounting to 125 trillion dinars, nearly 100 billion 
Dollars ".
 
The financial crisis
He added, "In light of the financial crisis, the ministry will focus on completing projects with advanced completion rates (60 percent or more) because they need small sums, with priority given to service projects in the health, education, roads and sewage sectors ... whose stoppage causes the loss of security, services, job opportunities and service. The Citizen. "
 
Strategic projects
Concerning the upcoming budget, Al-Hindawi explained, “The funds have been allocated towards strategic projects, especially projects that are intertwined with more than one sector, such as the agriculture sector, which is related to industry, transportation, and wide employment of manpower, as well as projects in the industrial and tourism sector. Shrines, monuments and his legacy in this field, which opens a new door for financial revenues away from oil. "
 
Productive sectors
He continued, "Iraq, which has been dependent on oil as a source to finance its budget for decades, is not easy for it to move to another resource quickly, as the productive sectors need multiple stages of infrastructure, human resources and expertise to prepare them and prepare them as a financial resource that can finance the budget." 
Al-Hindawi emphasized that "the private sector is the common denominator in activating the economy, and the Ministry of Planning is going ahead with forming a council for the development of the private sector, in which representatives of the private sector activities and experts will be so that this council will be the voice of the private sector in the government in setting economic policies."
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On 9/9/2020 at 10:39 PM, yota691 said:

Minister of Planning: Iraq needs 126 trillion dinars to complete projects under construction

Minister of Planning: Iraq needs 126 trillion dinars to complete projects under construction
Iraqi Minister of Planning, Khaled Battal Al-Najm
 09 September 2020 11:48 AM

Mubasher: The Iraqi Minister of Planning, Khaled Battal Al-Najm, attended the third session of the House of Representatives of the fourth parliamentary session of the third legislative year of the first legislative term, which was held by the Council on Tuesday, headed by Parliament Speaker Muhammad al-Halbousi; To answer a question addressed to him by Representative Muhammad Sahib Al-Darraji, a member of the Finance Committee, according to the bylaw of the House of Representatives to exercise its oversight role.

The Minister of Planning said, according to a statement by the House of Representatives, that there are 6,250 projects under construction in Iraq that need to provide 126 trillion dinars to complete them, indicating that this large number of projects causes no new project to be included in the new budget law.

Al-Najm added that the delay in completing projects has led to the failure to provide services to citizens, including the presence of 42 unfinished housing complexes that need to be accurately recounted to begin their completion, in addition to the need to develop a real reform plan to address the delay in implementing projects .

The Minister of Planning stated that the Ministry had instructed to stop international obligations to pressure spending units, which led to depriving some governorates of services, noting that except for some projects in the governorates that have funds to implement their projects without requiring them for additional funds until liquidity becomes available.

Al-Najm stressed the importance of directing to alternatives in allocating funds for vital projects to complete them, especially health institutions and residential complexes in the governorates, pointing out that the inclusion of any new project requires its inclusion in the federal budget law or meets any development gap .

For his part, the Speaker of Parliament stressed the need to present any government move to negotiate any external loan to the relevant parliamentary committees before negotiating with foreign parties.

 Al-Halbousi pointed out, to address the lifting of the financial restriction taken by the previous government on contracts in the governorates that witnessed demonstrations, and to allow financial spending units to proceed.

During the session, the Council postponed the vote on the first amendment law proposal to the Iraqi Commission for Approval (78) of 2017 submitted by the Economy, Investment and Finance Committees until the government’s opinion is taken regarding the financial aspect of amending the law.

The President of the Council directed each of the two committees concerned with approaching the Council of Ministers to express their opinion on amending the Iraqi Authority for Approval and Answer Law for a period not exceeding one week, otherwise the Council of Representatives proceeds with the enactment of the law.

The Council completed the first reading of the draft law of the first amendment of the General Census of Population and Housing Law No. (40) of 2008 submitted by the committees monitoring the implementation of the government program and strategic and legal planning. In order to reconfigure the General Authority for the General Population and Housing Census in light of the changes taking place in the state’s administrative structure, and to grant the Authority’s president the necessary powers to conduct the general population and housing census.

The Council completed the first reading of the proposed law to cancel the (dissolved) Revolutionary Command Council Decision No. 218 of 2002 submitted by the Legal Committee. In order to remove the unfairness of the employee who spent years of his life in compulsory service and the movements judged according to the laws of military service, and to consider that service for the purposes of bonus, promotion and retirement, and to cancel the dissolved Revolution Command Council's decision that considered that service for retirement purposes exclusively.

The council decided to adjourn the meeting to next Thursday.

Hmmmm. 126 billion at 1.30 or even 3 plus would put in the hundred of billions sounds about right 

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4 hours ago, yota691 said:

The Ministry of Planning has identified 6250 projects that are threatened with stoppage due to the current financial crisis,

Hmmmm. With substantial rate change  not going to happen as per imf they need the fiscal space and liquidity to do this. Money velocity alone electronic banking and transaction tax will make them Hundreds of billions 

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 2020-11-20 14:54

Shafaq News / Minister of Planning, Khaled Battal Al-Najm warned, on Friday, that development and investment projects have stopped and disappeared as a result of the financial shortage, indicating that Iraq needs 136 trillion dinars to complete these projects.

Al-Najm said in televised statements, according to a statement of the ministry received by Shafaq News, that "the Ministry of Planning Law neglected the mandatory aspects of the ministry's plans, and we are working to reconsider this law, making our plans binding on all ministries and entities not associated with the Ministry and the governorates," indicating that "continued abuse With the central mentality in planning and the economy, it caused an intersection between ministries and other entities.

He added that "all ministries have made good steps   towards implementing e-government, and the Internet is the most important challenge facing this program," noting that "the Central Statistical Organization represents the black box for the state, and it is concerned with providing all statistical and development indicators for the country."

Al-Najm continued, "The Central Organization for Standardization and Quality Control   represents the first line of defense in defense of the health and safety of the citizen, through inspection, conformity and calibration processes to collect imported or locally produced goods and materials." A problem, in financing that threatens to stop and disappear, and we need 136 trillion dinars to complete it. "

He noted that "the Ministry of Planning is concerned with all projects financed from the state's general budget," explaining that "neither the Ministry of Planning, nor the ministries, nor the provinces, are the reason for the projects, but because of force majeure."

The Minister of Planning stated that "the remaining contractors' dues are (1 trillion and 800) billion dinars, 50% of which will be paid soon."

He said, "The Iraqi economy is still rentier and dependent on oil," adding that "economic thought after Corona is not the same as it was before it, and the orientation towards new paths to support the economy   reduces dependence on oil."

Al-Najm added, "We have begun work to   prepare two new strategies, the first on energy, and the second on food security," noting that "40%   of the ongoing projects are in the energy sector, which includes oil and electricity, and we are thinking in a different way to address the electricity file and reduce spending on this sector."

He pointed out that "30% of the electrical energy is lost, and 12% of the Iraqi population lives in slums," asserting, "We have prepared a draft law to deal with slums. We are awaiting legislation from the House of Representatives to solve this problem."

He pointed out that "the law enacted by the House of Representatives regarding the completion of studies is destructive to education, and the government is rejecting this law," explaining that "to deal with the file of higher degrees, we must separate the salary from the degree."

Al-Najm pointed out that "the opinion of the Ministry of Planning is not binding on the ministries concerned with regard to the expansion of studies," noting that "the problem in the distribution of powers, lies in those who address responsibility, especially in preparing the country's economic strategy."

The Minister of Planning explained that "the Financial Management Law was not clear in defining the role and powers of the Ministry of Planning," adding, "We completed the investment budget within the 2021 budget a month ago, and the FAO project is within the plan, and 400 billion dinars have been allocated for this project."

He stressed that "the government insists that the depth of the port be 19 meters, and is very optimistic about the completion of the project," noting, "We have suffered from poor distribution of imports, which led to an increase in poverty rates in Iraq."

He added that "the poverty line is   120 thousand dinars per person per month, multiplied by the number of family members." Chinese.

He pointed out that "there are coordination committees and memoranda of understanding between Iraq and many countries," adding that "among the treatments to save projects from stoppage, some of them are presented as investment opportunities, or agree with other parties to complete those projects through investment loans."

He explained, "We have a preliminary understanding with the Egyptian side to complete Iraqi projects in exchange for oil," indicating that "the trend now is towards completing the stalled projects, and not entering into commitments to new projects."

He pointed to "Memoranda of Understanding with Egypt in the health, agricultural, industrial and investment fields," and said, "We have agreed with the Saudi side, that the requirements for agricultural investment will be provided   from inside Iraq, such as feed and others."

And the Minister of Planning considered, "The crisis that Iraq faces today is not the first, and   it will disappear within a few months, but we have to work according to various new strategies, explaining that" the population of   Iraq has exceeded 40 million people.

He continued, "The aim of the census is not to know the number of the population only, but to provide a comprehensive and complete database on the reality in all its details." .

He attributed the reason for postponing the census to next year to "the pandemic and the financial crisis," and said that "the Council of Ministers authorized the Minister of Planning to announce the implementation of the census."

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