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Zebari: Iraq looking version banks with a potential for bonds worth $ 6 billion
3/3/2015
announced Finance Minister Hoshiyar Zebari said on Tuesday that Iraq looking with Deutsche Bank and Citibank version potential for bonds worth about six billion dollars in its efforts to cover the huge projected budget deficit this year. Zebari said: "The Ministry of Finance is considering measures including the issuance and borrowing from state banks and the conversion of some of the Iraqi banking assets in the Central Bank to bonds bonds. " adding that "there was a proposal to convert 50 percent of the state banks assets in the Central Bank to bonds Seder about five billion dollars to get used Iraq also SDRs $ 1.8 billion through the International Monetary Fund. " And on the agreement between Baghdad and Erbil repeated crisis between the two parties, Zebari said that "the authorities in the capital and the Kurdistan Regional Government remains committed to the agreement to export oil despite disagreements about the amount of exports and payments", noting that "we deal with mixed expectations and the absence of trust, but the deal coherent and continuous talks. " He pointed Zebari that Baghdad turned 250 trillion dinars to Erbil since the beginning of the year, a small portion of the expected amount originally, and he hoped to pay another part soon and a new round of talks. retreated government revenues with falling oil prices while waging the Iraq expensive on militants of the "Islamic State" Daash in the northern and western provinces military campaign, which resulted in a potential deficit is estimated at 25 trillion Iraqi dinars ($ 21.4 billion). The payment of the sharp drop in oil prices Zebari Review 2015 several times a year's budget to ensure each of them a reduction in the expected revenue from crude exports, and assumed the final version of an oil price of $ 56 a barrel and exports of 3.3 million barrels per day. It is expected that the government also imposes taxes on imported cars and cards, mobile phones and the Internet, and hopes to borrow six billion dollars of government-owned banks and provide two billion dollars by reducing the rewards of government employees who earn high salaries ..
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3/3/2015
announced Finance Minister Hoshiyar Zebari said on Tuesday that Iraq looking with Deutsche Bank and Citibank version potential for bonds worth about six billion dollars in its efforts to cover the huge projected budget deficit this year. Zebari said: "The Ministry of Finance is considering measures including the issuance and borrowing from state banks and the conversion of some of the Iraqi banking assets in the Central Bank to bonds bonds. " adding that "there was a proposal to convert 50 percent of the state banks assets in the Central Bank to bonds Seder about five billion dollars to get used Iraq also SDRs $ 1.8 billion through the International Monetary Fund. " And on the agreement between Baghdad and Erbil repeated crisis between the two parties, Zebari said that "the authorities in the capital and the Kurdistan Regional Government remains committed to the agreement to export oil despite disagreements about the amount of exports and payments", noting that "we deal with mixed expectations and the absence of trust, but the deal coherent and continuous talks. " He pointed Zebari that Baghdad turned 250 trillion dinars to Erbil since the beginning of the year, a small portion of the expected amount originally, and he hoped to pay another part soon and a new round of talks. retreated government revenues with falling oil prices while waging the Iraq expensive on militants of the "Islamic State" Daash in the northern and western provinces military campaign, which resulted in a potential deficit is estimated at 25 trillion Iraqi dinars ($ 21.4 billion). The payment of the sharp drop in oil prices Zebari Review 2015 several times a year's budget to ensure each of them a reduction in the expected revenue from crude exports, and assumed the final version of an oil price of $ 56 a barrel and exports of 3.3 million barrels per day. It is expected that the government also imposes taxes on imported cars and cards, mobile phones and the Internet, and hopes to borrow six billion dollars of government-owned banks and provide two billion dollars by reducing the rewards of government employees who earn high salaries ..
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