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Parliamentary Economy: impose ratio {11%} as the rate of interest on the borrowed funds for Iraq
2015/11/6
{Baghdad: Euphrates News} stressed the economic and investment commission in Parliament member Abdul-Salam al-Maliki, on Friday to impose rate {11%} on borrowed money to Iraq, adding that "this borrowing of additional debt Sakpl Iraq."
Maliki said in a statement to the Agency {Euphrates News} Today, that "the budget of the government at present size is estimated at about 106 trillion deficit estimated {23-24} trillion Iraqi dinars; because the Iraqi government showed the budget based on $ 45 per barrel compared to 3 million and 600 000 barrels, and this is of great Murodat on the development of the country, considering that the low and high prices affect the market situation and the budget. "" Today Iraq is in the current budget promising investment budget, and this budget will not be feasible through the 2016 budget, considering that the investment budget, which allocated funds have an estimated {29-30} trillion Iraqi dinars, and this pay accrued debt to foreign companies, and therefore we need to revitalize other sectors, as well as that much of the things involved in the government, including the collection of fees and revenue taxes, customs tariffs, opening the door for investment. " . Maliki He continued, saying, "The government is trying to look for new outlets rather than oil, but if we relied solely on external borrowing will cause a major economic crisis in the country as interest rate levied on borrowing money is estimated {11%}, and this Iraq Sakpl additional debt." He noted that "the House of Representatives on Mounaqlat not additions, where there are many doors Sanaaljha through these transfers, including entitlements perfectionism issues some institutions and cars officials, and furnishing their homes." It is noteworthy that the Cabinet has approved in its session on the 13th of last month's draft budget law 2016 a total value of 106 trillion dinars, and a deficit of about 23 trillion dinars. parliamentary Finance Committee expressed its reservation on the issue of external borrowing to rescue the country as a result of the financial crisis is going through. The parliamentary Finance Committee has indicated in earlier that the country will go for internal and external borrowing; fill the lack of budget what ails the financial shortfall due to lower world oil prices, stressing the need to activate all the pieces in the country. It is noteworthy that the supreme religious authority has confirmed earlier during his Friday sermon in the words of its representative in the holy city of Karbala, that "borrowing will saddle the state budget larger than they are, and it will bear very high benefits ".anthy
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