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The Government plans to borrow from Al-Abbadi International Fund and Central Bank calls for patience
20-12-2014 12:17 AM
The parliamentary Finance Committee, revealed the intention of the Government to borrow $ 5 billion from the International Monetary Fund, the Central Bank pressure towards further ' retrenchment ' before proceeding to external borrowing.
The Rapporteur of the Committee, said attorney Ahmed Rashid parenchyma, that: the Government intends to address the large deficit, caused by low oil prices, through recourse to internal and external borrowing and increased oil production, combined with reduced public expenditure ', adding that ' the Government conducted four amendments to the draft general budget of the downsizing of the public expenditure, which reached the last draft of the 148.274 trillion dinars '.
The ' total size of operational expenditures amounted to 103.370 trillion, while total investment expenditures 44.904 trillion, while the budget deficit to 36.428 trillion dinars '.
He noted that Iraqi oil is sold, over the last few hours, $ 53 per barrel ', adding that this level of price ' is one of the real reasons that led the Government to discuss the budget on Thursday, adding to pressure on the Central Bank of Iraq of the need to address the deficit before resorting to external borrowing '.
Hama said that the International Monetary Fund, the Government has to borrow him, lending conditions have not exceeded the country's budget deficit ceiling of 15 trillion dinar ', pointing out that it intends to borrow $ 5 billion from the International Monetary Fund '.
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20-12-2014 12:17 AM
The parliamentary Finance Committee, revealed the intention of the Government to borrow $ 5 billion from the International Monetary Fund, the Central Bank pressure towards further ' retrenchment ' before proceeding to external borrowing.
The Rapporteur of the Committee, said attorney Ahmed Rashid parenchyma, that: the Government intends to address the large deficit, caused by low oil prices, through recourse to internal and external borrowing and increased oil production, combined with reduced public expenditure ', adding that ' the Government conducted four amendments to the draft general budget of the downsizing of the public expenditure, which reached the last draft of the 148.274 trillion dinars '.
The ' total size of operational expenditures amounted to 103.370 trillion, while total investment expenditures 44.904 trillion, while the budget deficit to 36.428 trillion dinars '.
He noted that Iraqi oil is sold, over the last few hours, $ 53 per barrel ', adding that this level of price ' is one of the real reasons that led the Government to discuss the budget on Thursday, adding to pressure on the Central Bank of Iraq of the need to address the deficit before resorting to external borrowing '.
Hama said that the International Monetary Fund, the Government has to borrow him, lending conditions have not exceeded the country's budget deficit ceiling of 15 trillion dinar ', pointing out that it intends to borrow $ 5 billion from the International Monetary Fund '.
[You must be registered and logged in to see this link.]
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