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Parliamentary Finance: House of Representatives authorized the Ministry of Finance to borrow from the central bank to cover the deficit
February 25, 2015
BAGHDAD - ((eighth day))
Chairman of the Committee on Economy and Investment parliamentary Jawad al-Bolani confirmed that the House of Representatives authorized the Ministry of Finance to borrow from the central bank to meet the fiscal deficit in the budget.
Bolani said "the budget showed the steps that can be taken by the government and Ministry of Finance to borrow on the issue of whether internally or externally."
He added that "the situation in Iraq is not in a financial bankruptcy, as expressed by some political circles, but a temporary financial hardship," pointing to the existence of alternatives to address the financial distress, which follow the barter system. | ST |
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February 25, 2015
BAGHDAD - ((eighth day))
Chairman of the Committee on Economy and Investment parliamentary Jawad al-Bolani confirmed that the House of Representatives authorized the Ministry of Finance to borrow from the central bank to meet the fiscal deficit in the budget.
Bolani said "the budget showed the steps that can be taken by the government and Ministry of Finance to borrow on the issue of whether internally or externally."
He added that "the situation in Iraq is not in a financial bankruptcy, as expressed by some political circles, but a temporary financial hardship," pointing to the existence of alternatives to address the financial distress, which follow the barter system. | ST |
[You must be registered and logged in to see this link.]
