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Finance Committee: The World Bank refuses to give Iraq a loan of six billion dollars
10/10/2015 19:09
Parliamentary Finance Committee confirmed on Saturday that the World Bank lending to Iraq's refusal to six billion dollars to cover the budget deficit, as pointed out that the general budget will come to the House of Representatives in the fifteenth of the month.
He said committee member Majda al-Tamimi told / information / "The Finance Minister Hoshyar Zebari made a number of tours to foreign countries for the purpose of financial borrowing the aim of winning the fiscal deficit coverage in the financial Mizantah," indicating that "the World Bank has provided financial loan to Iraq billion dollars and an interest rate of Eleven and a half percent, and this is a big financial burden on the budget, "pointing out that" Iraq needs a loan of six billion dollars to cover his inability ".
Tamimi (and added a deputy from the bloc of the Sadrist movement Liberal) that "the financial budget for next year will come to the House of Representatives on the fifteenth of this month, found and discussed and then be voted upon for the purpose."
The parliamentary finance committee confirmed earlier that the general federal budget deficit for 2016 has reached 29 trillion Iraqi dinars what caused the budget to reduce the amount of the budget of 113 trillion to 100 trillion dinars.
The country has the financial and economic crisis because of a sharp drop in oil prices and rising costs of the war on terror Daash gangs, prompting the government to follow the austerity system and reduce government spending and taxing Kartat shipping to operators of mobile and import cars. Finished / 25's
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10/10/2015 19:09
Parliamentary Finance Committee confirmed on Saturday that the World Bank lending to Iraq's refusal to six billion dollars to cover the budget deficit, as pointed out that the general budget will come to the House of Representatives in the fifteenth of the month.
He said committee member Majda al-Tamimi told / information / "The Finance Minister Hoshyar Zebari made a number of tours to foreign countries for the purpose of financial borrowing the aim of winning the fiscal deficit coverage in the financial Mizantah," indicating that "the World Bank has provided financial loan to Iraq billion dollars and an interest rate of Eleven and a half percent, and this is a big financial burden on the budget, "pointing out that" Iraq needs a loan of six billion dollars to cover his inability ".
Tamimi (and added a deputy from the bloc of the Sadrist movement Liberal) that "the financial budget for next year will come to the House of Representatives on the fifteenth of this month, found and discussed and then be voted upon for the purpose."
The parliamentary finance committee confirmed earlier that the general federal budget deficit for 2016 has reached 29 trillion Iraqi dinars what caused the budget to reduce the amount of the budget of 113 trillion to 100 trillion dinars.
The country has the financial and economic crisis because of a sharp drop in oil prices and rising costs of the war on terror Daash gangs, prompting the government to follow the austerity system and reduce government spending and taxing Kartat shipping to operators of mobile and import cars. Finished / 25's
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