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Parliamentary Finance: reject external borrowing
7/20/2015
Dated: July 20, 2015
Baghdad / Iraq News Network in the parliamentary finance committee member said that "the government had resorted to external borrowing financial burden on the state's obligations may be so political." And Jabbar al-Abadi: "
We know that the last government solutions in the face of the financial crisis and bridging the deficit is borrowing from abroad But that's where many of the disadvantages and burdens and overwhelms the state imposed on them under which certain obligations and sometimes even political.
"He added that" the government had resorted to this option is the last her as we have said, and if she had something that can address the economy the situation certainly is better than going to borrow "He pointed the Attorney-Abadi, that" the financial budget set mainly strategic economic dimension during the year, but financial as a committee we have a lot of details and insights in the budget remains the decision of the government to accept or object to and challenged, as happened in the 2015 budget this year.
"He explained that" the budget subject important and verified economic reform through what is inserted from the details of the law and if what has been the adoption of what has been recently mentioned directives of religious reference in this aspect of the government and the House of Representatives surely we will achieve what looked to him everyone and serve the country in general, and this gets the cooperation of the parties concerned to develop a budget where economic reforms ",
stressing that" the recent reference claims concerning the 2016 budget is at the heart of what takes us away from borrowing and deficit and prevent the economic downturn in the next year, and was the religious authority noted in a speech last Friday that "the financial and economic situation is difficult, which passes by the country makes it imperative for officials in the government and parliament that appropriate measures take to overcome this stage, whether in the remainder of this year or in the preparation of the budget next year, ".ofatt representative reference in Karbala Mr. Praise net in the sermon that" borrowing from abroad may not be is best suited to deal with the current crisis situation option For officials to think financially and Istnvzu all means before taking such a step because of its implications for the country.
"He called to" prepare the budget next year according to a clear economic vision size of the expected water resources of the state treasury from the sale of oil observed it with reducing unnecessary expenditures to a minimum and attention necessary matters, particularly what is related to security, health and education.
"The Iraq had signed the 12 of July of this Iraq with the World Bank 350 million dollars loan for the reconstruction of the liberated areas of Daash terrorist gangs agreement, as part of a series of technical and financial assistance from the World Bank, which totaling up to $ 1.7 billion for the development of development in Alarac.ivkr that the plans of the Ministry of Planning announced on the seventh of this month it had started since the first of the month, the same extensive and thorough discussions with all ministries and departments not associated with the Ministry and the provinces on the proposed investment plans for the year 2016.oukal agent The Ministry for Technical Affairs Maher Hammad Johan that "In the framework of the agenda the final discussions with the implementing agencies for projects to develop the final framework of the priorities to be achieved and limbering as hoped feminine plan to at least 30% either postpone or lifting of the plan for the ministries and provinces,"
It is said that Iraq approved the budget for the current year 2015 is estimated $ 100 billion deficit of up to $ 25 billion due to lower international oil prices, which account for 90% of imports of this budget
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7/20/2015
Dated: July 20, 2015
Baghdad / Iraq News Network in the parliamentary finance committee member said that "the government had resorted to external borrowing financial burden on the state's obligations may be so political." And Jabbar al-Abadi: "
We know that the last government solutions in the face of the financial crisis and bridging the deficit is borrowing from abroad But that's where many of the disadvantages and burdens and overwhelms the state imposed on them under which certain obligations and sometimes even political.
"He added that" the government had resorted to this option is the last her as we have said, and if she had something that can address the economy the situation certainly is better than going to borrow "He pointed the Attorney-Abadi, that" the financial budget set mainly strategic economic dimension during the year, but financial as a committee we have a lot of details and insights in the budget remains the decision of the government to accept or object to and challenged, as happened in the 2015 budget this year.
"He explained that" the budget subject important and verified economic reform through what is inserted from the details of the law and if what has been the adoption of what has been recently mentioned directives of religious reference in this aspect of the government and the House of Representatives surely we will achieve what looked to him everyone and serve the country in general, and this gets the cooperation of the parties concerned to develop a budget where economic reforms ",
stressing that" the recent reference claims concerning the 2016 budget is at the heart of what takes us away from borrowing and deficit and prevent the economic downturn in the next year, and was the religious authority noted in a speech last Friday that "the financial and economic situation is difficult, which passes by the country makes it imperative for officials in the government and parliament that appropriate measures take to overcome this stage, whether in the remainder of this year or in the preparation of the budget next year, ".ofatt representative reference in Karbala Mr. Praise net in the sermon that" borrowing from abroad may not be is best suited to deal with the current crisis situation option For officials to think financially and Istnvzu all means before taking such a step because of its implications for the country.
"He called to" prepare the budget next year according to a clear economic vision size of the expected water resources of the state treasury from the sale of oil observed it with reducing unnecessary expenditures to a minimum and attention necessary matters, particularly what is related to security, health and education.
"The Iraq had signed the 12 of July of this Iraq with the World Bank 350 million dollars loan for the reconstruction of the liberated areas of Daash terrorist gangs agreement, as part of a series of technical and financial assistance from the World Bank, which totaling up to $ 1.7 billion for the development of development in Alarac.ivkr that the plans of the Ministry of Planning announced on the seventh of this month it had started since the first of the month, the same extensive and thorough discussions with all ministries and departments not associated with the Ministry and the provinces on the proposed investment plans for the year 2016.oukal agent The Ministry for Technical Affairs Maher Hammad Johan that "In the framework of the agenda the final discussions with the implementing agencies for projects to develop the final framework of the priorities to be achieved and limbering as hoped feminine plan to at least 30% either postpone or lifting of the plan for the ministries and provinces,"
It is said that Iraq approved the budget for the current year 2015 is estimated $ 100 billion deficit of up to $ 25 billion due to lower international oil prices, which account for 90% of imports of this budget
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