The government is succeeding in reducing public spending levels


07/8/2017 12:00 am

Announced the projects completed .. and confirmed securing access to loans under the best conditions
Baghdad / morning
Prime Minister's Office Haider Abadi announced completed projects and other projects in the final stages of completion, stressing the government's success in reducing levels of public spending.

This comes at a time when it is clear that the government was able, with exceptional efforts, to secure access to aid and development loans under the best conditions for Iraq and provided facilities from countries and donors.

"The government and the result of the financial crisis in Iraq due to the collapse of oil prices in world markets and their decline to unprecedented levels, especially that oil imports accounted for 95 percent of total budget imports," a spokesman for Prime Minister Saad al-Hadithi's office said Sunday.

When the current government assumes its responsibilities, has been forced to follow the economic policies imposed by the crisis in order to meet the government's financial obligations towards the Iraqi forces and the requirements of the war on terror, as well as about seven million citizens who receive monthly salaries from the countries

And of an amount exceeding four trillion dinars per month in addition to other financial obligations owed by the government to farmers and contractors, and spending on important sectors such as education, health , electrical energy and other basic services , as well as the humanitarian response in the displaced file. »

"At the same time, the government has dealt with foreign aid and development loans provided by countries and international and regional financial institutions with a calculated policy in terms of ensuring that the Iraqi economy is not tied to high or long-term financial commitments to those who provided such aid and development loans.

To channel these aid and loans to developmental or service projects, and did not enter into the field of operating expenses, as well as employment to reform the structure of the state economy and the administrative and financial system in Iraq,

and the government was able to exceptional efforts to secure access to assistance and And the development of the best conditions for Iraq and provided facilities from countries and donors that no country has ever received the same with regard to the ratio of loan service, which does not exceed 2 percent at the highest levels,

and even some by half a percent and also in relation to the long repayment period that Up in many of them to 20 years as well With regard to the existence of a grace period of repayment of up to five years, and has been used this aid and development loans in the best way was directed to complete projects of a developmental or service.

He explained that «as an example of this Japanese loan, which was used to finance several projects, which can be divided into three sections, the first projects completed:

1 - the project of rehabilitation of the port of Umm Qasr for the Ministry of Transport and its completion in April 2016 increased the capacity of the port to double what was The irrigation and drainage of the water of the wells and the reclamation of thousands of dunums in Wasit and Thi Qar
governorates for the benefit of the Ministry of Water Resources was completed on 22/12/2016.

The project cost about 83 million tons Million dollars. 3 - Rehabilitation of the first and third units in the electricity station Musayyib for the benefit of the Ministry of Electricity and completed in April 2016 and contributed to the increase of electricity production by 270 megawatts and the cost of the project about 320 million dollars.

And the housing was completed on 20/1/2016 and contributed to reduce the traffic momentum and service 720 thousand citizens in the province and the cost of the project more than 29 million dollars. 5 - Rehabilitation of the fertilizer plant Khor al-Zubayr for the Ministry of Industry and completed on June 30, The production of urea and ammonia fertilizer has increased to 1600 tons per day and is expected to increase 6.

The project to build the electricity sector and improve the network in Kurdistan for the benefit of the Ministry of Electricity in the Region. Most of it was completed on 17/4/2016 and the cost of the project is more than 128 million dollars. .

7 - Water improvement project in Kurdistan for the benefit of the Kurdistan region was completed on 31/5/2016 and contributed to the processing and improvement of drinking water in the provinces of the region and cost $ 298 million.

8 - Project design and engineering studies of the sewage network in Baghdad for the benefit of the Municipality of Baghdad and cost more than 18 million dollars.

9 - Development of Basrah refinery (engineering services) for the benefit of the Ministry of Oil to prepare designs and engineering services for Basra refinery and cost more than 18 million dollars ». Al-Hadithi said: "There is also a number of other projects in the final stages of completion. The percentage achieved in these stages is as follows:

1. Basrah water purification and desalination project for the benefit of Basrah Governorate expected to be completed before the end of the current year. And reducing the salinity and cost of more than 373 million dollars.

2 - The project of rehabilitation of the thermal power station for the Ministry of Electricity and the completion rate of 70 percent and is expected to be completed soon and at a cost of 176 million dollars and aims to increase the generation of electricity by 180 MW.

3 - Construction of the health sector for the benefit of the Ministry of Health, the completion rate exceeded 80% and aims to build a hospital capacity of 200 beds in the province of Dhi Qar and furnishing and equipped with medical equipment with housing for doctors, and aims to prepare designs for seven other hospitals in a number of provinces and the cost of the project 92

4. Construction of the crude oil export line for the Ministry of Oil to build a new 75 km pipeline and 48 Ang and one buoy with consultancy services. The project aims at increasing the export capacity of crude oil to 1.5 million barrels per day. The project cost $ 435 million.

5 - Construction of the Deir Lok electric power station in Kurdistan. It aims to increase the production of electric power in the region by constructing a power station and transmission line with a secondary station in Duhok governorate at a cost of about $ 148 million.

6 - The project to improve the communications network in large cities for the benefit of the Ministry of Communications and aims to complete a communications system and a local access network in Baghdad with a maintenance center, is expected to be completed soon at a cost of more than 101 million dollars.

Al-Hadithi pointed out that "there are other projects in the preparation and preparation stage for the project, namely:

1 - the rehabilitation of the electricity sector - the second phase - for the benefit of the Ministry of Electricity and aims to improve the transmission network and distribution of electricity at a cost of 467 million dollars.

2 - The development of Basra refinery for the benefit of the Ministry of Oil aims to build the crushing unit in the auxiliary worker with two hydrogenation units and will contribute to increase production by four million liters per day of oil derivatives and the cost of the first phase of the project is 369 million dollars.

3 - Port rehabilitation project - Phase II - Khor Al Zubair port for the Ministry of Transport aims at rehabilitating the port of Khor Al Zubair by lifting the Guarq and drilling and rehabilitation of sidewalks at a cost of $ 340 million.

4 - Construction of the sewage network in Erbil for the Kurdistan region at a cost of about 300 million.


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