Iraq may resort to borrowing to cover the budget deficit in 2015
Iraq may resort to borrowing to cover the budget deficit in 2015
Posted 19/01/2015 12:52 PM
Finance Committee revealed the possibility of resorting to borrowing Iraq outside to cover the deficit in the current budget that the year 2015 because of falling oil prices.
A member of the committee MP, Jabbar Sharif, “The current year’s budget includes a paragraph authorizes the government going to borrow to meet the projected deficit spending by 47 trillion Iraqi dinars, either internally or externally, but the closest and if it wanted the government that will have to go to external borrowing because the government withdrew nearly 9 billion dollars from its banks, a commercial and Iraqi Rafidain and Rasheed as well as it had withdrawn from private banks nearly three billion dollars and Treasury bonds may also run out of this trend may be Ngo abroad if it wants it. ”
He continued that “the Finance Committee is currently preparing a final report with the participation of Allgan and relevant government departments concerned and that this report is a bit, especially since the process may be long austerity in government institutions were not required level
altahreernews.com
