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Parliamentary Finance authorizing the issuance of government bonds to address the compensation

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Parliamentary Finance authorizing the issuance of government bonds to address the compensation



LAST UPDATED: DECEMBER 27 2 / JANUARY 2013
BAGHDAD / Bri Center for the Iraqi Media Network (IMN) - said the parliamentary Finance Committee, Sunday, she put a paragraph in the budget of 2013 authorizes government institutions to address financial compensation through the issuance of government bonds.

The committee member said Najiba Najib's (IMN) "to its put a paragraph in the budget authorizes the government to fill the financial compensation for the construction of schools and cover the needs of the ration card and compensate the martyrs and victims of the former regime through the issuance of government bonds."

She added that "for its work on addressing modified gaps in the federal budget by taking the requirements of government ministries in implementation of projects Alsttratejah".

And the central bank is issuing bonds and run a registration system and automatically deposit bonds within the Iraqi payment systems.

The Iraqi government borrows through securities from the central bank to meet financial crises and called government bonds.


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