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Finance: The government borrowed 33 trillion dinars since the end of last year
Wednesday 26 November 2014 | 11:50
Says a member of the Parliamentary Finance Committee Majida al-Tamimi said the government borrowed since the end of last year 2013 amount to 33 trillion dinars in order to save its stalled work, though the government gave this money to companies Kemp
Qurtas News / Baghdad
Finance Committee in the House of Representatives revealed, Wednesday, that the government borrowed since the end of the year 2013 so far 33 trillion dinars, warning of a deficit of those banks in case it is not reimbursing them from the government.
Said committee member Majed al-Tamimi told the "Qurtas News" that "the state has a number of public companies wanted the work is going normally, so I went to the lending of those companies and operational productivity amounts," indicating that "the origin of those loans came from state banks Kalravedan and Rasheed in the form of direct payments, either out loans from private banks are for treasury bonds and money orders. "
She added that "those sums certainly blocked some of the gaps in the large number of companies, especially that there are 70 companies stopped working and where thousands of workers, so it was necessary to borrow for it."
Tamimi and warned of "the inability of these banks in case it is not repay those amounts to her by the government," calling for "the development of a strategic plan for the advancement of the stalled by specialized committees launched by the government companies."
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Wednesday 26 November 2014 | 11:50
Says a member of the Parliamentary Finance Committee Majida al-Tamimi said the government borrowed since the end of last year 2013 amount to 33 trillion dinars in order to save its stalled work, though the government gave this money to companies Kemp
Qurtas News / Baghdad
Finance Committee in the House of Representatives revealed, Wednesday, that the government borrowed since the end of the year 2013 so far 33 trillion dinars, warning of a deficit of those banks in case it is not reimbursing them from the government.
Said committee member Majed al-Tamimi told the "Qurtas News" that "the state has a number of public companies wanted the work is going normally, so I went to the lending of those companies and operational productivity amounts," indicating that "the origin of those loans came from state banks Kalravedan and Rasheed in the form of direct payments, either out loans from private banks are for treasury bonds and money orders. "
She added that "those sums certainly blocked some of the gaps in the large number of companies, especially that there are 70 companies stopped working and where thousands of workers, so it was necessary to borrow for it."
Tamimi and warned of "the inability of these banks in case it is not repay those amounts to her by the government," calling for "the development of a strategic plan for the advancement of the stalled by specialized committees launched by the government companies."
[You must be registered and logged in to see this link.]
