|
|
|
-----------------
|
|
|
|
|
|
|
|
|
|
|
|
-----------------
|
|
|
|
|
|
|
|
|
|
Iraq to spend $19bn on capital projects
Thu, 15 Nov 2007 06:02:06
|
Iraq will spend $19bn on capital projects in 2008.
|
Iraq will spend an unprecedented $19 billion on capital projects in 2008, despite ongoing turmoil across the nation.
"We must confront the terrorism and extremism that hampers the building of a country of citizenship and law," Iraq's deputy prime minister said on Wednesday.
Barham Salih, in a speech to a gathering of senior Iraqi government officials, maintained that Iraq has still a lot of security challenges, the International Herald Tribune reported.
On Tuesday, Iraqi government reached agreement on a $40 billion budget for 2008, including capital and operating costs and sent it to the parliament for review.
American development experts say that, at best, only 60 to 65 percent of the capital funds allocated for Baghdad in 2007, which was half as much as for 2008, was actually spent in Baghdad.
Spending has been slowed down by security problems, lack of expertise in contracting projects and inexperience in management of projects.
MGH/RA
|
|
|
|
|
|
|