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The governor of the Central Bank on the Keywords .. public expenditure did not contribute to the expansion of the productive base and did not achieve any developing economy
8/8/15
Baghdad
The governor of the Central Bank on the Keywords, Saturday, that the public expenditure did not contribute to the expansion of the productive base and did not achieve any development of the Iraqi economy, as explained that without the work done by the Bank saw Iraq financially difficult situation, he noted bond issue worth five billion dollars to be sold on credit for the benefit of the Ministry of Finance.
Keywords and said in a conference declaration and discuss the release mechanism loans for industrial and agricultural real estate for banks, which was held in Hotel Ishtar Sheraton Baghdad, attended by Alsumaria News , that "despite the fact that the country has great opportunities from human materials and expertise, but is unable to convert these overheads into a productive economy capable of the development of the Iraqi economy, "noting that" those expenses did not contribute to the expansion of the productive base and did not achieve any developing economy. "
> Issawi: Industry lived a burden on the economy and the state has spent on 15 000 billion without progress
> Parliamentary Finance: Budget will bring together 10 trillion dinars in the event of privatization of industrial companies
He Keywords that "the Bank of the oldest on the allocation of money to invest, including the five trillion dinars investment to correct economic growth in Iraq."
Keywords He added that "the Bank directly injected 3 trillion dinars in the form of bonds and loans contributed," noting that "this is not for the work done by the bank for we have seen a financially difficult situation in Iraq."
He continued that "it was also lend to small businesses that have been allocated trillion dinars," noting that "the bank issued bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance."
He stressed that "the bank would launch a national bonds by 5 trillion dinars to citizens and on credit," pointing out that "trying to compensate for the lack of liquidity in the markets by the activities carried out."
And it predicted the Ministry of Planning, Saturday (1 August 2015), economic growth in Iraq drop to 1%, noting that the decline in oil prices had a negative impact on the economy, as demanded reconsideration of projects and prioritization of them.
It is said that Oil Minister Adel Abdul-Mahdi confirmed on Tuesday (April 21, 2015), that the Iraqi economy subjected to the laws of unfair turned to yield economy, while noting that the ministry was quick to provide appropriate ground to keep up with increased oil production.
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8/8/15
Baghdad
The governor of the Central Bank on the Keywords, Saturday, that the public expenditure did not contribute to the expansion of the productive base and did not achieve any development of the Iraqi economy, as explained that without the work done by the Bank saw Iraq financially difficult situation, he noted bond issue worth five billion dollars to be sold on credit for the benefit of the Ministry of Finance.
Keywords and said in a conference declaration and discuss the release mechanism loans for industrial and agricultural real estate for banks, which was held in Hotel Ishtar Sheraton Baghdad, attended by Alsumaria News , that "despite the fact that the country has great opportunities from human materials and expertise, but is unable to convert these overheads into a productive economy capable of the development of the Iraqi economy, "noting that" those expenses did not contribute to the expansion of the productive base and did not achieve any developing economy. "
> Issawi: Industry lived a burden on the economy and the state has spent on 15 000 billion without progress
> Parliamentary Finance: Budget will bring together 10 trillion dinars in the event of privatization of industrial companies
He Keywords that "the Bank of the oldest on the allocation of money to invest, including the five trillion dinars investment to correct economic growth in Iraq."
Keywords He added that "the Bank directly injected 3 trillion dinars in the form of bonds and loans contributed," noting that "this is not for the work done by the bank for we have seen a financially difficult situation in Iraq."
He continued that "it was also lend to small businesses that have been allocated trillion dinars," noting that "the bank issued bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance."
He stressed that "the bank would launch a national bonds by 5 trillion dinars to citizens and on credit," pointing out that "trying to compensate for the lack of liquidity in the markets by the activities carried out."
And it predicted the Ministry of Planning, Saturday (1 August 2015), economic growth in Iraq drop to 1%, noting that the decline in oil prices had a negative impact on the economy, as demanded reconsideration of projects and prioritization of them.
It is said that Oil Minister Adel Abdul-Mahdi confirmed on Tuesday (April 21, 2015), that the Iraqi economy subjected to the laws of unfair turned to yield economy, while noting that the ministry was quick to provide appropriate ground to keep up with increased oil production.
[You must be registered and logged in to see this link.]
