Government Karbala resort to the credit system to cover the deficit caused by the delay in approving the budget

Karbala -7 July: announced the province of Karbala on Monday, forced to introduce a system of credit to cover the deficit caused by the delay in approving the general budget bill that did not pass the House by the former Iraqi.


Said Adel al-Moussawi, Assistant Governor for Financial Affairs said in a statement published by the official website of the city of Karbala today, that "the unity of spending in the province resorted to the introduction of the credit system to plug the deficit caused by the delay in approving the budget, which in turn led to harm executed projects, contractors and companies."


He added, "The credit system will allow us to get the money to be paid to companies that implement the projects in order to accomplish it became the projects because they are harmful to the citizens."


The aide to the governor, said, "This system comes as a temporary solution to get out of the crisis, the financial allocations." He explained, "the laws and decisions are always shackle solutions which they can strive to continue to work, development and construction."



Experts warn of the crisis might be exposed to the Iraqi economy in the event of delay in adoption of the new budget, asserting that the spiral wait experienced by the institutions of the state department because of differences over the formation of the government will impact heavily on the fact the service on the citizen.


http://www.iraqpressagency.com/?p=73790&lang=ar