Zebari: Iraq is not bankrupt and did not ask for IMF help
Zebari: Iraq is not bankrupt and did not ask for IMF help
4.7.2015 7:44 p.m.
Long-Presse / Baghdad
Finance Minister Hoshyar Zebari, said on Tuesday that Iraq “is not bankrupt,” but suffers from “severe problem” in the provision of liquidity, and as pointed out that Iraq will discuss the financial situation with the International Monetary Fund, denied that Iraq has taken a decision to request urgent help from the International Monetary Fund.
Zebari said, in his remarks on the sidelines of the annual joint meeting of Arab financial institutions held in Kuwait, and I followed the (long-Presse), said that “Iraq will discuss the financial situation with the International Monetary Fund but has not made a decision to request urgent help him, and we’re not this situation the bad “.
Zebari stressed that “Iraq is not bankrupt, and we have a lot of assets can be used, but we are suffering from an acute problem provide liquidity.”
The head of the Iraqi Council of Ministers stressed, in the (February 25, 2015), that Iraq will exceed the financial crisis and will come out of them the “most promising”, and pointed out that the savings compulsory exist but the government has not worked so far, “and while pointing out that” some people “tried to stir fanfare on employees’ salaries distributed every 40 days, showed his support by making the year 2015, the year of volunteering “to overcome the difficulties.”
The head of the Kurdistan Regional Government, Barzani revealed, in the (February 16, 2015), for the Baghdad to pay salaries to its employees every 40 days, and confirmed that the central government “bankrupt” and undergoing a financial crisis, and said that the right of the region cut off oil exports in the event of non-receipt of allowances agreed, as pointed out that the agreement provides for sending more than one trillion dinars from Baghdad to Arbil.
Activists also circulated on social networking sites, and several media sites, yesterday and today, official communications of images confirms the government issued a decision to pay the salaries of employees every 40 days, instead of the customary monthly deadline.
But a source familiar with the Iraqi government, revealed in an interview to the (long-Presse), the 18th of February 2015, for lack of government had resorted to divert employees’ salaries every 40 days unless “absolutely necessary” as a “precautionary measure”, while among the ten days Additional staff will be calculated, he stressed that the measure was to provide the financial resources of the state in spite of austerity and reduce expenses.
Information Office of the Prime Minister, Haider al-Abadi promised, on 20 February 2015, to borrow nearly 11 trillion dinars from the Central Bank and the Rafidain and Rasheed, can be treated with balancing the current 2015 deficit, expressing optimism that contribute to the high price of oil to world markets by reducing the deficit, While expressed an economist understanding of the government’s need to borrow as a result of “heavy legacy” inherited from its predecessor, although it matters “undesirable”, returned to the internal him better than the outside, for easy to deal with.
It is noteworthy that global oil prices have fallen since the summer of 2014 the past, more than 60 percent, to reach below fifty dollars a barrel, before re-boarding the past few days, which greatly affected the financial budget for the current year 2015, which amounted to 119 trillion dinars Iraqi deficit estimated 25 Trliuna.
almadapress.com
