Economy News

Abadi resolves the debts of contractors during the current year

The Ministry of Finance pledged on Monday to resolve the debts of the contractors by the government this year by providing the funds allocated for this at the direction of Prime Minister Haider Abadi, as revealed the status of treatments for freezing accounts and balances of self-financing companies.

The official newspaper “Sabah” quoted an official source as saying that “Prime Minister Haider al-Abbadi directed the need to resolve the file of debts of contractors with the government, during this year,” noting that “the Ministry of Finance prepared a plan to complete this file in coordination with the ministries and related parties after the allocation Sufficient amounts “.

The source added that “the ministry has succeeded during the past period to hand over contractors 30 percent of outstanding debt, while the delivery of 40 percent of them is expected to see the fourth quarter of this year, the delivery of the remaining 30 percent of that debt,” pointing out that “the ministry allocated Nearly trillion and 625 billion dinars to complete this file. “

In regard to self-financing companies, the source confirmed that “the ministry has put in place the treatment and audit of freezing the accounts and balances of self-financing companies and submitted its report on this matter to the Economic Committee in the Council of Ministers for approval. Source