Services Committee and ages reveal a close reading Law implemention on credit

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BAGHDAD / JD / .. revealed Services Committee and the parliamentary
ages close reading of the draft law on credit implementation.

A member of the Committee and the National Alliance MP Ehsan Al-Awadi's
/ JD / "The draft law on credit implementation read the first reading
in the second phase very soon."

Awadi added, "This bill includes a budget of $ 37 billion."

And al-Awadi, "The law empowers the government on credit execution to
proceed towards the conclusion of contracts with domestic and foreign
companies to implement Mcharieloamal and services in Iraq."

The Al-Awadi has revealed to Parliament seeking the enactment of the
implementation of the Law on credit after the cancellation of payment on
credit during the vote on the federal budget.


Awadi said in previous
press statements: that the law was canceled payment on credit, either
the law seeking to implement legislation on credit.
And between: the paragraph that was mentioned in the budget is
paragraph 36 which empowers the government in bidding companies at 18
trillion dinars and this paragraph was canceled and deleted from the
budget.

But there is a subject other than the budget, there is a law called the
law of the infrastructure implementation on credit that responded to us
in the House of Representatives a year ago ..
He added that this law authorizes the government contracts with foreign
companies or domestic value of $ 37 billion, and this project late in
the House of Representatives for technical reasons, political, stressing
if applied Iraq will be a workshop in all the provinces and pointed out
that the project by the selectors, where The government declaration of
projects worth $ 37 billion for infrastructure in all the provinces
according to population data are any words (come companies, one of the
funded projects) and then comes the state or the government to pay over 5
or 7 years to come, the amounts Alguetredh for the implementation of
projects, and the purpose of implementation on credit, to lure companies
with the capacity of employing a huge financial amounts for projects in
infrastructure.

And was a member of the Economic Commission for the Iraqi List MP Qusay
al-Abadi had responded to the statements that criticized the repeal of
payment on credit from the federal budget, stressing that this law will
carry the burden of generations of their benefits.

Ebadi said: that the budget did not need the law to pay on credit and
download generations and benefits the future of Iraq, a proposal that is
used to refund to the state treasury from the ministries that you can
not implement its budget.

The Finance Committee of the House of Representatives has announced the
repeal of article 25 of the draft budget law for federal projects,
payment on credit and put strict controls alternative to that article
and tighten control of the House of Representatives on the movement of
cash between the institutions of the state. / Finished / 11 N /



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