Translated by IRAQdirectory.com - [7/4/2009]
The Iraqi Planning Minister Ali Baban, announced that Iraq needs 400 billion dollars for the rehabilitation of infrastructure in the country. Al-Sabah newspaper quoted yesterday to the Minister of Planning as saying, "The country needs between 350 - 400 billion dollars for the rehabilitation and reconstruction of infrastructure, while allocations for this regard did not exceed ten billion dollars. "
The Iraqi minister criticized the, "delay of adopting 2009 budget and to be disbursed for the current year, also the financial allocations were delayed until the month of May, in addition to what has been spent was no more than 20%, and this may reflect in the performance of ministries and provincial councils in the implementation of projects."
Iraq had reduced the public budget for the current year to 68 billion dollars while last year had exceeded 70 billion dollars, due to the economic crisis and low oil prices in the global market.