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Politicians: the right of the government to borrow from local banks to avoid financial Haunted
23/02/2015 09:56
BAGHDAD / Source News / .
.cd adviser that borrowing solution approved by the budget and will contribute to reducing the deficit by the central bank to provide a package of liquidity to the market and this will support the budget indirectly by enabling banks to buy treasury remittances.
The government plans to borrow nearly 11 trillion dinars from the Central Bank and the Rafidain and Rasheed to address the budget deficit in 2015,
according to a statement issued by the government which showed that domestic borrowing approved in the budget law by the Iraqi Central Bank to purchase worth six trillion dinars of Treasury bills and money orders and borrow nearly five trillion dinars from other bank Rafidain and Rasheed, and promised that this represents a borrow-lined process.
And Saleh told permit / Source News / day that the salaries of employees and retirees of up to 50 trillion dinars, which constitutes 45% of the budget, which represents the bulk of the budget.
For his part, member of the Parliamentary Finance Committee MP Abdul Qader Mohammed that the budget bill approved domestic borrowing from the Central Bank and the Rafidain and Rasheed to reduce the deficit, which is part of the solution,
if the financial crisis continued Veseljo Iraq to domestic borrowing, pointing out that oil prices began to rise and perhaps Iraq will not resort to external borrowing.
For his part, the economic analyst Majid picture that the funds in the banks is part of the savings the government, pointing out that the central bank decided to buy nearly 6 trillion dinars from the secondary market as well as indirectly to finance the budget of the reserve requirement, considering it as a step in the right direction.
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23/02/2015 09:56
BAGHDAD / Source News / .
.cd adviser that borrowing solution approved by the budget and will contribute to reducing the deficit by the central bank to provide a package of liquidity to the market and this will support the budget indirectly by enabling banks to buy treasury remittances.
The government plans to borrow nearly 11 trillion dinars from the Central Bank and the Rafidain and Rasheed to address the budget deficit in 2015,
according to a statement issued by the government which showed that domestic borrowing approved in the budget law by the Iraqi Central Bank to purchase worth six trillion dinars of Treasury bills and money orders and borrow nearly five trillion dinars from other bank Rafidain and Rasheed, and promised that this represents a borrow-lined process.
And Saleh told permit / Source News / day that the salaries of employees and retirees of up to 50 trillion dinars, which constitutes 45% of the budget, which represents the bulk of the budget.
For his part, member of the Parliamentary Finance Committee MP Abdul Qader Mohammed that the budget bill approved domestic borrowing from the Central Bank and the Rafidain and Rasheed to reduce the deficit, which is part of the solution,
if the financial crisis continued Veseljo Iraq to domestic borrowing, pointing out that oil prices began to rise and perhaps Iraq will not resort to external borrowing.
For his part, the economic analyst Majid picture that the funds in the banks is part of the savings the government, pointing out that the central bank decided to buy nearly 6 trillion dinars from the secondary market as well as indirectly to finance the budget of the reserve requirement, considering it as a step in the right direction.
[You must be registered and logged in to see this link.]
