Tamimi: The amount of the budget deficit will reach 87 trillion dinars
Tamimi: The amount of the budget deficit will reach 87 trillion dinars
08/21/2014 13:51
Agencies – revealed an MP for the Liberal bloc Magda Abdel-Latif al-Tamimi, that the amount of the budget deficit in 2014 will reach almost 87 trillion dinars and an increase of 55 trillion dinars for the planned deficit, and as pointed out that Iraq will be forced to borrow internal or external, confirmed that the monthly salaries of the employees and retirees will be spent in a timely manner, even in hot areas will not be affected thereby.
She said al-Tamimi, a member of the Finance Committee in the previous parliament in a press statement received news agency public opinion (and babysit), a copy of which, on Thursday, said that “the proportion of the fiscal deficit in the budget of 2014 will be more than planned, which was expected to be 32 trillion dinars,” adding, “The accounts that have been discussed with the low rate of exports from 3.400 to 2.2, the deficit could be increased by 87 trillion dinars to the end of the year and an increase of almost a trillion is 55 dinars for the planned deficit.”
She said the MP for the Liberal bloc that “the deficit this year will be unplanned, but real,” pointing out that “Iraq probably will be forced to issue treasury bonds and remittances there is any internal borrowing and if it can be forced to resort to external borrowing.”
Al-Tamimi confirmed that “the monthly salaries of the employees and retirees will be spent in a timely manner, even in hot areas and there is no effects of it.”
The Prime Minister outgoing Nuri al-Maliki said, according to the site Patriotic Union of Kurdistan, Iraq as a whole is going through a financial crisis, predicted a collapse of the Iraqi economy and the financial system if it has not been authenticated on the state budget, while likely to be a budget deficit of more than 35 billion dollars.
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