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Finance looking to take advantage of the central bank loans to bridge the budget deficit
3/3/2015 0 Comments
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Twilight News / discussed the Iraqi Ministry of Finance Tuesday with the Central Bank to take advantage of bank loans to finance the budget deficit in 2015 which amounts to about 25 trillion dinars. The Finance Ministry said in a statement reported for "Twilight News" The Deputy Minister of Finance Fadel Prophet Osman met with World Bank representative in Baghdad, Robert quality and the presence of representatives from the Ministries of Planning and electricity and water resources and the Secretariat of Baghdad. During the meeting, to discuss the possibility to benefit from World Bank loans to finance the deficit in the general budget for the year 2015 through the financing of investment projects included the budget for the same year. The statement said that the meeting resulted in the formation of a technical committee of Finance and Planning and a number of ministries and the ministries of inventory investment projects included the budget and the possibility of funding from the World Bank loan to finance part of the deficit in the public budget. The general budget for 2015, the possibility of borrowing from the World Bank at $ 2 billion to finance the budget deficit. Iraq and the budget that passed this year in late January last at $ 119 trillion dinars and a deficit of up to about 25 trillion dinars. [You must be registered and logged in to see this link.]
3/3/2015 0 Comments
Picture
Twilight News / discussed the Iraqi Ministry of Finance Tuesday with the Central Bank to take advantage of bank loans to finance the budget deficit in 2015 which amounts to about 25 trillion dinars. The Finance Ministry said in a statement reported for "Twilight News" The Deputy Minister of Finance Fadel Prophet Osman met with World Bank representative in Baghdad, Robert quality and the presence of representatives from the Ministries of Planning and electricity and water resources and the Secretariat of Baghdad. During the meeting, to discuss the possibility to benefit from World Bank loans to finance the deficit in the general budget for the year 2015 through the financing of investment projects included the budget for the same year. The statement said that the meeting resulted in the formation of a technical committee of Finance and Planning and a number of ministries and the ministries of inventory investment projects included the budget and the possibility of funding from the World Bank loan to finance part of the deficit in the public budget. The general budget for 2015, the possibility of borrowing from the World Bank at $ 2 billion to finance the budget deficit. Iraq and the budget that passed this year in late January last at $ 119 trillion dinars and a deficit of up to about 25 trillion dinars. [You must be registered and logged in to see this link.]
