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Instead of retrieving stolen money. Cabinet approves foreign borrowing
July 28, 2015
Baghdad/Iraq News Network-the Cabinet approved on Tuesday a meeting on the request of the Ministry of finance financial loan worth 14 trillion budget deficit for fiscal year 2015.
According to a source in the Cabinet: the Council "approved the book Ministry of Finance on budget support loan to close the funding gap in the budget and the amount of 14 trillion dinars, according to the World Bank and the International Fund for the inability of revenues and internal and external funding to finance the budget deficit by increasing revenues Public and reduce investment spending in light of the financial performance for the first half of this year. "
the source did not say who requested the loan.
it is noted that the World Bank had agreed to loan to Iraq worth 1.2 billion dollars to help ease the financial deficit balance to 2015 and the loan amount equals the 14 trillion Iraqi dinars.
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July 28, 2015
Baghdad/Iraq News Network-the Cabinet approved on Tuesday a meeting on the request of the Ministry of finance financial loan worth 14 trillion budget deficit for fiscal year 2015.
According to a source in the Cabinet: the Council "approved the book Ministry of Finance on budget support loan to close the funding gap in the budget and the amount of 14 trillion dinars, according to the World Bank and the International Fund for the inability of revenues and internal and external funding to finance the budget deficit by increasing revenues Public and reduce investment spending in light of the financial performance for the first half of this year. "
the source did not say who requested the loan.
it is noted that the World Bank had agreed to loan to Iraq worth 1.2 billion dollars to help ease the financial deficit balance to 2015 and the loan amount equals the 14 trillion Iraqi dinars.
[You must be registered and logged in to see this link.]
