MOP pre­pares re­gion’s bud­get

Ini­tial meet­ings are be­ing con­ducted with min­istries about 2014 bud­get

The Kurdish Globe - - NEWS -

Min­istry of Plan­ning (MOP) of the Kur­dis­tan Re­gional Govern­ment (KRG) has started its steps to­wards pre­par­ing the Re­gion’s 2014 bud­get.

Ini­tially the min­istry of­fi­cials meet with other min­istries and in­sti­tu­tions of the KRG to spec­ify their needs and projects to be fi­nanced dur­ing the next year.

As part of these meet­ings, Dr. Ali Sindi, the Min­is­ter of Plan­ning has met with sev­eral KRG min­is­ters in­clud­ing Kamil Haji Ali, Min­is­ter of En­dow­ment and Re­li­gious Af­fairs, Kawa Mah­mood, Min­is­ter of Cul­ture and Youths and Si­nan Cha­l­abi, Min­is­ter of Trade and In­dus­try.

Dur­ing the meet­ing with the min­istry of En­dow­ment and Re­li­gious Af­fairs, which was at­tended by of­fi­cials and ad­vis­ers of both min­istries, the two par­ties dis­cussed the Min­istry’s 2014 plan and the on­go­ing projects of the min­istry that need fund­ing in 2014 for com­ple­tion.

Both par­ties eval­u­ated the com­ple­tion stages of the on­go­ing projects and the amount of funds and time­line re­quired for their com­ple­tion. Both par­ties em­pha­sized on giv­ing pri­or­ity to on­go­ing projects rather than new projects.

Dur­ing the meet­ing with the min­istry of cul­ture and youths, it was stated that the min­istry has 66 on­go­ing projects all over Kur­dis­tan Re­gion with a to­tal bud­get of IQD 148 bil­lion (ap­prox­i­mately US$ 124 mil­lion). The projects in­clude build­ing cul­tural cen­ters, Par­a­lympics, youth cen­ters and sports halls as well as con­fer­ence and meet­ing venues.

The min­istry of trade and in­dus­try, on the other hands, is propos­ing 20 new projects for 2014 with a to­tal es­ti­mated bud­get of IQD 230.5 bil­lion (ap­prox­i­mately US$195 mil­lion). The min­istry of­fi­cials and ex­perts ar­gue that these projects have long term strate­gic ben­e­fits for the re­gion’s econ­omy and its peo­ple in gen­eral.

The projects of the min­istry in­clude build­ing si­los, ware­houses, labs and other build­ings.

This year MOP is try­ing to pre­pare the bud­get more prop­erly than pre­vi­ously and sub­mit it faster to avoid de­lays in the ap­proval process hap­pened in the pre­vi­ous years.

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