Baghdad declares bankruptcy “financially” and asserts: strategic projects began to stop
Baghdad declares bankruptcy “financially” and asserts: strategic projects began to stop
06/04/2015
BAGHDAD / … the Baghdad Provincial Council, said Wednesday, on the bankruptcy of financial capital and stop strategic projects, stressing that the local government is seeking to expand its resources through the collection and investment.
Said council member Ghaleb Zamili for “Eye Iraq News”, “Baghdad suffers from severe bankruptcy maintaining projects and stop completely, because of the dependence on oil revenues in the state budget, which after a year on the race and on the Iraqi capital Baghdad in particular,” pointing to the pursuit Provincial Council to expand the financial resources and processing bankruptcy through investment and collection. ”
He added, “The preservation plan for projects and financial resources have been filed to the Ministries of Planning and Finance has not been answered so far,” pointing to “the non-arrival conservative financial allocations, amounting to 811 billion dinars,” .anthy / 3
aynaliraqnews.com
