17/07/2010Delay in forming the Iraqi government suspended vital economic projects in the country
Baghdad, - The Counsellor, Economic Affairs, the Iraqi government said on Saturday that the delay in forming the new government has halted a large number of vital projects and the task, pointing out that this delay negatively affects the pace of development and investment in the country.
Ahmed told reputation beyond Kurdistan News "The delay in forming the Iraqi government for four months, causing delays of more than 780 significant projects and major development that will invest in the country."
He added that "there are government institutions did not raise any investment project implementation because of the fear of delayed approval of the disbursement of budget due to delays in forming the government."
And that "not supposed to be affected by institutions and key ministries such as the water resources and municipal public and Construction and Housing and others to form the government."
Iraq relies on oil exports, mainly to support the economy and investment in the country, and reaches Iraq's oil production is 2.5 million barrels a day, the Government announced on several occasions that it has developed a plan to increase oil exports to 12 million barrels per day by 2017.
And Iraq is undergoing a political crisis as a result of the failure of the blocks in winning election to an agreement on the formation of the cluster, which will cost the government.
The results of the parliamentary elections of Iraq that took place on the seventh of last March, and announced by the Electoral Commission for the Iraqi elections in 26 of the same month, on the progress of the Iraqi National List in the election by obtaining 91 seats in the House of Representatives of the 325 seats, followed by a coalition of law winning 89 seats, the resolution of the Iraqi National Coalition came third with 70 seats, the Kurdish Alliance came in fourth place with 43 seats.
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