Council of Ministers: $ 20 million validity formations government contracts
06/16/2013 06:34
Recommended for Economic Affairs Committee in the Council of Ministers to raise the powers of heads of formations of the ministries to Takoelhm the authority to review and approval of contracts shall not exceed 20 million dollars. Was announced by a source in the Office of the Deputy Prime Minister for Economic Affairs Committee, said: that the committee raised its guidance to the Council of Ministers on raising powers in order to enable these formations of economic activity and the implementation of higher proportions of the general budget of the state and provide services to the citizens through the approval of projects of character service and economic development. amendment stake Treasury also recommended the meeting of the ninth meeting of the Economic Commission headed by Deputy Prime Minister Ruz Nuri Shaways and the presence of a number of members of the committee with the approval of Minister to amend the share of the public treasury of the corporate profits of public (45 percent) to (25 percent) in order to support the development and advancement of the public companies in line with the financial situation and the economic level of the company.participation of the private sector and added that the committee decided to recommend to the Council of Ministers to amend Article (15) of the Companies Law No. (22) for the year 1997 to allow for the participation of the Iraqi private sector with the public sector in the implementation of business-related targets the company public within Iraq, in order to contribute to the private sector in the construction and reconstruction of the country which reflects the direction the state is currently in order to promote the private sector.It was also decided to form a committee from the Ministry of Commerce and the Customs General and the General Authority for Investment to put controls and selectors to import laboratory productivity, in order to put an end to import laboratory productivity Alrdih which have yields negative impact on the Iraqi economy because of poor production and its impact on the environment and for the import factor productivity with high-tech help in supplying the Iraqi industry. reform of the insurance sector and pointed to the approval of a number of orders to import spare parts and increase costs overall for projects in each of the provinces of Najaf and Karbala, Diwaniya, with a view to completing projects in a timely and specific to benefit the people of those provinces them. , and pointed out that the Economic Commission I decided that ensures the Ministry of Finance to study the reform of the insurance sector with the help of global systems on the subject and submit periodic reports to the Economic Committee in this regard. For the development of the insurance sector, both public and private sectors. internal control systems and pointed to recommend to the Council of Ministers to develop systems and cadres of the internal control systems in those configurations for the exercise of audit work in full transparency in accordance with domestic and international standards. In order to support and develop the private industrial sector decided Economic Commission hosting President and members of the Iraqi Federation of Industries to discuss the proposals submitted by the Union for the support and development of Iraqi industries and development that will ensure advancing economic progress. The Economic Affairs Committee held its ninth meeting last week under the chairmanship of Deputy Prime Minister d. Ruz Nuri Shaways and attended by ministers (finance, planning and oil, trade and industry, minerals and agriculture) and Chairman of the BSA and the Governor of the Iraqi Central Bank and Chairman of the National Investment Commission. economic advancement and praised President Rally Iraqi industrial Abdul Hassan Shammari on the decisions taken in support of business sectors, pointing out that the private sector should be close to the Economic Committee of the Council of Ministers he owns keys force towards the treatments necessary for economic advancement. , and added that work on the development of local industries is very important because it represents the first steps to making integrated economy and keeps the cycle of capital within the country and the activation of investments, and in this aspect a lot of pros that develop all aspects of the economy, especially the industrial sector, he could contain agricultural production, which is the financial resource is always via activation of the reality of agro-industries. access to global productsand said the insurance sector is one of the most important pillars of promoting implementation in all service projects and productivity, and longer component supportive of the joints of the economy, which requires that the rise in this sector and bring it to the world in the products that must be provided, especially as the country has insurance companies have a long history and was preparing Madras insurance in the region and this means that the experts and local talent able to promote this detailed bio. concluded his speech by saying that the Commission has taken a number of decisions that support the local economy and that is tailored to the phase shift of the economy's dictatorship to a free economy.
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