Abadi government intends to borrow from the International Monetary Fund
Abadi government intends to borrow from the International Monetary Fund
20-12-2014 12:17 AM
Parliamentary Finance Committee revealed, for the government’s intention to borrow $ 5 billion from the International Monetary Fund, but the central bank pressed further ‘expenses pressure’ before heading to external borrowing.
He said the Commission’s decision, MP Ahmed Rashid flesh, that: the Government intends to address the large proportion of the deficit, due to lower oil prices, through the use of internal and external borrowing, as well as increase the combined oil production while reducing public expenditure ‘, adding that’ the government has conducted four amendments to the draft general budget to reduce the size of public expenditures, which amounted to the latest draft 148.274 trillion dinars. ‘
He explained that ‘the overall size of the operational expenses amounted to 103.370 trillion, while capital expenditures amounted to 44.904 trillion, while the budget deficit reached 36.428 trillion dinars.’
He pointed out that ‘the Iraqi oil is sold, during the last few hours, dollars with 53 per barrel’, stressing that this level of prices’ one of the real reasons that prompted the government to not to discuss the budget on Thursday, adding to the pressures of the Central Bank of Iraq need to deficit treatment before resorting to external borrowing. ‘
Hama said that ‘the International Monetary Fund, which the government tends to borrow from him, he has the conditions for lending states do not exceed the budget deficit in the country ceiling of 15 trillion dinars’, pointing out that it ‘intends to borrow $ 5 billion from the International Monetary Fund’.
It is said that oil revenues in the budget of 2015 is estimated B98.311 trillion dinars, while non-oil revenues are estimated B13.535 trillion dinars, come this revenue from the management of currency tax, sale and leasing of real estate the state, and religious tourism, and the profits of public companies, Kalmsafa, and some laboratories The self-financing companies Winning ‘.
ikhnews.com
