financial professional Nabil Al-Marsoumi warned nowadays, Wednesday, of the repercussions of the buildup of contractors’ dues owed by using the country and the disappearance of tasks because of them.
Al-Marsoumi stated in an interview with /dinaropinions.com, that “the nation spends most of the revenues at the operating finances, consisting of salaries and different charges, with out diversifying resources and persevering with to depend on oil, and now, in spite of the charge of a barrel achieving $ 75, it has now not been capable of pay contractors’ dues,” thinking, “what is going to show up whilst oil fees fall similarly even as the country, on the modern-day charge, has liquidity troubles?”
He brought that “many tasks will forestall and disappear if debts acquire in addition to the contemporary monetary and monetary overall performance of the state,” stressing “the need to take short measures and now not to repeat the vain solutions that had been accompanied inside the past to no avail.”
it is noteworthy that individuals of parliament confirmed the suspension of projects in lots of governorates due to the nation’s failure to pay contractors’ dues, which handed five trillion dinars.
