No-budget ministries can tender
Iraq has told its governorates and ministries they can issue tenders for projects without having to wait for the budget to be approved, a local news agency has reported.
The ministry of planning and development said the decision represented a departure from the old rule requiring all provinces in the conflict-battered Arab country to wait for the state budget to be endorsed by parliament before inviting bids for projects.
“Provinces and ministries in the country are now authorized to take the necessary measures and issue tenders for projects specified in the 2014 budget…but they must wait for the budget approval to formally sign the contracts,” ministry spokesman Abdul Zahra Al Hindawi said, quoted by the Iraqi Media Network (IMN).
“These measures had normally taken nearly three months and all provinces and ministries had been required to freeze such measures pending the budget approval…but this year, they have been given the green light to pursue the implementation of project procedures and issue tenders.”
Iraq’s finance ministry has drafted a USD 160 billion budget, the largest in the country’s history, but it has yet to be ratified by parliament haggling over political issues.
Follow Emirates 24|7 on Google News.