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In the parliamentary Finance member due the financial crisis in the country to lack a clear economic strategy
6.26.2015 0:30 •
[Baghdad - where]
said the parliamentary Finance Committee member Ahmed Sarhan, that Iraq is going through a financial and economic crisis large, as a result of lower oil prices, and the lack of a clear economic strategy of the government.
He said Ahmed told all of Iraq [where] that "the tragic situation of Iraq require external borrowing to bridge the shortfall in the budget," noting that "the budget for the 2015 deficit close to 25 trillion Iraqi dinars,
" pointing out that "set policy in the budget law is give borrowing the Minister of Finance of the World Bank and the International Fund and the Islamic Bank for the purpose of bridging the lack validity. "
and between Ahmed said "money borrowing will go to all of Iraq's ports, which need to be spent, including the displaced and the salaries of the security forces that fight Daash and other projects."
The Iraqi government delegation, including the Minister of Finance Hoshyar Zebari, and Oil Minister Adel Abdul-Mahdi, and the Minister of Planning Salman Jumaili, as well as the Governor of the Central Bank on the Keywords,
Advisor to the Prime Minister for Economic Affairs appearance of Mohammed Saleh, as well as senior advisers and experts ministries involved and the Central Bank, arrived in Istanbul to discuss the final stages in the process issuance of sovereign government bonds in the global financial market.
The Finance Minister, Hoshyar Zebari, said in 30 of last April, said that Iraq was seeking sovereign rating and continue with the credit rating agencies, as it prepares to issue huge bonds worth five billion dollars needed to cover the financial deficit caused for lower oil prices.
The Iraq announced earlier time, it will issue bonds worth five billion dollars in the first issued in the international bond market nine years ago, it also in dire need of liquidity as the government predicted that the deficit this year to about 25 percent the size of the budget of almost $ 100 billion.
It is said that, the budget law for 2015, the government authorized the issuance of sovereign government bonds by seven trillion dinars to cover the fiscal deficit in the budget
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6.26.2015 0:30 •
[Baghdad - where]
said the parliamentary Finance Committee member Ahmed Sarhan, that Iraq is going through a financial and economic crisis large, as a result of lower oil prices, and the lack of a clear economic strategy of the government.
He said Ahmed told all of Iraq [where] that "the tragic situation of Iraq require external borrowing to bridge the shortfall in the budget," noting that "the budget for the 2015 deficit close to 25 trillion Iraqi dinars,
" pointing out that "set policy in the budget law is give borrowing the Minister of Finance of the World Bank and the International Fund and the Islamic Bank for the purpose of bridging the lack validity. "
and between Ahmed said "money borrowing will go to all of Iraq's ports, which need to be spent, including the displaced and the salaries of the security forces that fight Daash and other projects."
The Iraqi government delegation, including the Minister of Finance Hoshyar Zebari, and Oil Minister Adel Abdul-Mahdi, and the Minister of Planning Salman Jumaili, as well as the Governor of the Central Bank on the Keywords,
Advisor to the Prime Minister for Economic Affairs appearance of Mohammed Saleh, as well as senior advisers and experts ministries involved and the Central Bank, arrived in Istanbul to discuss the final stages in the process issuance of sovereign government bonds in the global financial market.
The Finance Minister, Hoshyar Zebari, said in 30 of last April, said that Iraq was seeking sovereign rating and continue with the credit rating agencies, as it prepares to issue huge bonds worth five billion dollars needed to cover the financial deficit caused for lower oil prices.
The Iraq announced earlier time, it will issue bonds worth five billion dollars in the first issued in the international bond market nine years ago, it also in dire need of liquidity as the government predicted that the deficit this year to about 25 percent the size of the budget of almost $ 100 billion.
It is said that, the budget law for 2015, the government authorized the issuance of sovereign government bonds by seven trillion dinars to cover the fiscal deficit in the budget
[You must be registered and logged in to see this link.]
