The issuance of government bonds to support 50% of the dues Contractors

The issuance of government bonds to support 50% of the dues Contractors

27.4.2016 10:59

The issuance of government bonds to support 50 percent of the dues Contractors[Where – Baghdad]
The Ministry of Planning, on Wednesday, for the issuance of government bonds to support 50% of the dues Contractors.
The ministry said in a statement received by all of Iraq [where] a copy of it today that “Planning Minister Salman Jumaili presided over the meeting of the committee formed by the special Cabinet put the structure and controls the completion of the distribution of benefits Contractors due process payments through government bonds and consider issuing bonds to pay off the payable dues for contractors who carried out the governmental investment projects did not get their dues because of financial circumstances. ” the
ministry said in its statement that” the Committee comprising the Governor of the Central Bank of Iraq on the Keywords economic and financial advisers to the Prime Minister and the Undersecretary of the Ministry of Finance, Undersecretary of the Ministry of planning and technical Affairs. ”
the statement said it was ” recommended by issuing support payments bonds for the first installment will cover 50% of the dues of contractors and take the CBI instruction setting for the issuance of these bonds after determining these entitlements by the ministries and departments not associated with the Ministry and provinces across the ministries of planning and finance. ”
and that” the Commission will present its recommendations to the Prime Minister Haider al – Abadi during the next few days for approval. ”

alliraqnews.com