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A member of the parliamentary Finance: on the government to resort to borrowing to address the budget deficit
2015/9/29
[Baghdad-where]
called on the parliamentary finance committee member Ahmed Sarhan government to resort to internal and external borrowing to bridge the shortfall in the budget.
Ahmed said in a statement singled out by the agency all of Iraq [where], that "the solution to the financial crisis experienced by the country is not by reducing salaries or lay off staff because these actions harm the interests of the people and will have returns a negative impact on economic and social security of the citizen," stressing that "Such actions will generate other problems of the state are indispensable."
He added that "the government to secure the Iraqi people's requirements, whatever the difficulties", calling on the government "to resort to internal and external loans by donor countries and the World Bank to secure the staff and services provided to citizens' salaries "noting that" there are economic problems faced by the country and there are also operational expenses of the investment expenses of the state secured only through the borrowing is not available.
"The World Bank Vice Chairman Ghanem Hafez, had confirmed earlier in the" pursuit of the bank to increase support for Iraq, "referring to "The World Bank is working with the Ministry of Finance to provide loan for Iraq billion dollars," adding that "the process is not easy but we are trying to provide the amount before the end of this year," .anthy
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2015/9/29
[Baghdad-where]
called on the parliamentary finance committee member Ahmed Sarhan government to resort to internal and external borrowing to bridge the shortfall in the budget.
Ahmed said in a statement singled out by the agency all of Iraq [where], that "the solution to the financial crisis experienced by the country is not by reducing salaries or lay off staff because these actions harm the interests of the people and will have returns a negative impact on economic and social security of the citizen," stressing that "Such actions will generate other problems of the state are indispensable."
He added that "the government to secure the Iraqi people's requirements, whatever the difficulties", calling on the government "to resort to internal and external loans by donor countries and the World Bank to secure the staff and services provided to citizens' salaries "noting that" there are economic problems faced by the country and there are also operational expenses of the investment expenses of the state secured only through the borrowing is not available.
"The World Bank Vice Chairman Ghanem Hafez, had confirmed earlier in the" pursuit of the bank to increase support for Iraq, "referring to "The World Bank is working with the Ministry of Finance to provide loan for Iraq billion dollars," adding that "the process is not easy but we are trying to provide the amount before the end of this year," .anthy
[You must be registered and logged in to see this link.]
