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Financial Parliament: two billion dollars in the Iraq (DFI)
Confirmed the possibility of access to them to solve part of the budget deficit
BAGHDAD - Omar Abdel-Latif
Finance Committee in the House of Representatives confirmed the possibility of the use of the amounts in the reconstruction of Iraq Fund of the United States of America (DFI), amounting to about two billion dollars to fill part of the budget 2015 deficit, denying the rumors about the fund in which $ 100 billion.
The Member Services Committee and reconstruction parliamentary Emotions grace, called using reserve Iraq in the Fund (DFI) in which up amounts to about $ 100 billion to address the financial crisis experienced by the country.
Committee member Jabbar al-Abadi, said in a statement the "morning": that government can exploit the amounts in the fund and that a little more than two billion dollars, adding, "However, it will not solve the economic crisis of the country I said."
For his part, Economic Adviser to the Prime Minister the appearance of Mohammed Saleh said that Article 26 of Law 56 of 2004 of the Central Bank Act prohibits government loan of currency in reserve and it's $ 79 billion, unless there is a legislative amendment allows Bakannouna Bzlk.waodh favor of the "morning", said the 2015 budget deficit financing sources could be through the banks or the public as a kind of domestic borrowing, while external borrowing may be through the International Monetary Fund the World Bank or from loans paid on credit by international companies implementing projects in Iraq, and therefore, the project borrowing too much status of sources of funding, but did not mention the funding through the central bank reserves because he knows that it is prohibited under the law.
It is said that the amount of the financial budget for this year amounted to 123 trillion dinars deficit of $ 25 trillion dinars, which prompted the government to take measures aimed at reducing spending and abandon luxuries in order to avoid wasting public money and to cope with the economic crisis, which resulted from the deterioration of oil prices on global markets, amid assurances that the importance of finding other resources is Oil on the grounds that the country is rich and has a lot of good things, but agriculture, industry, trade and other sectors need to be enabled to achieve the desired goal.
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Confirmed the possibility of access to them to solve part of the budget deficit
BAGHDAD - Omar Abdel-Latif
Finance Committee in the House of Representatives confirmed the possibility of the use of the amounts in the reconstruction of Iraq Fund of the United States of America (DFI), amounting to about two billion dollars to fill part of the budget 2015 deficit, denying the rumors about the fund in which $ 100 billion.
The Member Services Committee and reconstruction parliamentary Emotions grace, called using reserve Iraq in the Fund (DFI) in which up amounts to about $ 100 billion to address the financial crisis experienced by the country.
Committee member Jabbar al-Abadi, said in a statement the "morning": that government can exploit the amounts in the fund and that a little more than two billion dollars, adding, "However, it will not solve the economic crisis of the country I said."
For his part, Economic Adviser to the Prime Minister the appearance of Mohammed Saleh said that Article 26 of Law 56 of 2004 of the Central Bank Act prohibits government loan of currency in reserve and it's $ 79 billion, unless there is a legislative amendment allows Bakannouna Bzlk.waodh favor of the "morning", said the 2015 budget deficit financing sources could be through the banks or the public as a kind of domestic borrowing, while external borrowing may be through the International Monetary Fund the World Bank or from loans paid on credit by international companies implementing projects in Iraq, and therefore, the project borrowing too much status of sources of funding, but did not mention the funding through the central bank reserves because he knows that it is prohibited under the law.
It is said that the amount of the financial budget for this year amounted to 123 trillion dinars deficit of $ 25 trillion dinars, which prompted the government to take measures aimed at reducing spending and abandon luxuries in order to avoid wasting public money and to cope with the economic crisis, which resulted from the deterioration of oil prices on global markets, amid assurances that the importance of finding other resources is Oil on the grounds that the country is rich and has a lot of good things, but agriculture, industry, trade and other sectors need to be enabled to achieve the desired goal.
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