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Parliamentary Economy: Iraq is forced to external borrowing because of the war and displaced persons
10/11/2015
Confirmed a member of the economic and investment commission parliamentary Najiba Najib, Sunday, that forced to external borrowing the state valuable under military commitments to fight al Daash terrorist and also the increasing numbers of displaced people, in addition to the salaries of employees take a large volume in the budget, as pointed out that Iraq's economy lacks a lot of sound economic foundations upon which the economy of other countries.
She said Najib's / scales News / he "Although no 2016 budget is completed and resolution numbers, income and expenses and the inability by the government, but the monuments initial Mwanh built and raised to some extent," asserting that "there is borrow nearly 10 billion dollars each to cover the deficit winning and others to finance investment and service projects for the country. "
She said the economic and investment commission member of the parliamentary "The state does not have any option at this time in the lost war commitments to fight al Daash terrorist and also the increasing numbers of displaced people, in addition to the salaries of employees take a significant amount in the state budget, which makes the government heading for international borrowing," asserting that "Iraq's economy lacks visions and strategic plans is clear that he is not a socialist economy is not a free market is not based on the diversification of sources."
This "and praised the economic expert Abdul Hassan al-Shammari, Sunday, warning supreme religious authority in a speech yesterday the first Friday of the danger of external borrowing," stressing that "external borrowing will destroy the local economy in the coming years."
It is said that "representative of the supreme religious authority, Sheikh Abdul Mahdi al-Karbalai has stressed, the day yesterday, in his Friday sermon delivered by a la carte Husseini al-Sharif, the need for economic and development of new procedures within the clear prospect to address the crisis faced by the country", as warned "of borrowing the outer and the magnitude of future harms ", called for" the involvement of citizens and experts in addressing the economic crisis. "
For his part, "economic expert on behalf of Antoine, earlier, on the need to reconsider the budget in 2016 to estimate the real deficit," adding that "Iraq's economy will confront the risk if it continues to rely on the resources of the International Monetary Fund, local banks and foreign loans."
This "Iraq is suffering from an unprecedented financial crisis as a result of the low level of global oil prices and increased military expenditure through the purchase of weapons and military equipment to counter the terrorist Daash" .anthy 29/4 e
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