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Finance Committee: Iraq may resort to borrowing to cover the budget deficit in 2015
1/19/2015
Finance Committee revealed the possibility of resorting to Iraq to external borrowing to cover the deficit in the current year's budget in 2015 due to falling oil prices. A member of the committee MP Jabbar Sharif "The current year's budget includes a paragraph authorizes the government going to borrow to meet the projected deficit spending by 47 trillion Iraqi dinars, either internally or externally, but the closest if it wanted the government that will have to go to external borrowing because the government withdrew nearly $ 9 billion from its banks, a commercial and Iraqi Rafidain and Rasheed as well as it had withdrawn from private banks nearly $ 3 billion of Treasury bonds and may also run out of this trend may be Ngo abroad if it wants it. "
"The Finance Committee is currently preparing a final report with the participation of Allgan and relevant government departments concerned and that this report will have to wait a bit, especially since the process of austerity in government institutions were not at the required level," as he put it.
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1/19/2015
Finance Committee revealed the possibility of resorting to Iraq to external borrowing to cover the deficit in the current year's budget in 2015 due to falling oil prices. A member of the committee MP Jabbar Sharif "The current year's budget includes a paragraph authorizes the government going to borrow to meet the projected deficit spending by 47 trillion Iraqi dinars, either internally or externally, but the closest if it wanted the government that will have to go to external borrowing because the government withdrew nearly $ 9 billion from its banks, a commercial and Iraqi Rafidain and Rasheed as well as it had withdrawn from private banks nearly $ 3 billion of Treasury bonds and may also run out of this trend may be Ngo abroad if it wants it. "
"The Finance Committee is currently preparing a final report with the participation of Allgan and relevant government departments concerned and that this report will have to wait a bit, especially since the process of austerity in government institutions were not at the required level," as he put it.
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