The government resorted to foreign reserves to cover the deficit in the budget
The government resorted to foreign reserves to cover the deficit in the budget
2016/1/13 9:18
[Follow-up – where]
in a memorandum to the International Monetary Fund, the government said on Tuesday it plans to finance the deficit in the balance of payments of withdrawal from Iraq, including foreign reserves will make it go down to $ 43 billion in 2016 from 59 billion last October end.
She said the government, under a program approved by the IMF as a precondition for the loan, it is expected that the balance of payments deficit of $ 14 billion in 2015, before shrinking to $ 11 billion in 2016.
He estimated Iraq’s GDP will grow by 1.5 percent in 2015 and 10.6 percent in 2016 to increase its production of oil.
While falling oil prices will lead to a budget deficit of 15 percent of GDP in 2015 and a deficit of 10 percent in 2016 .anthy
alliraqnews.com
