Abadi government is moving to withdraw part of Iraq reserves
Abadi government is moving to withdraw part of Iraq reserves
Thursday 7 January 2016 | 19:24
BAGHDAD / .. parliamentary Finance Committee revealed, on Thursday, on the move by the Iraqi government to withdraw part of Iraq’s reserves to cover the deficit in the budget.
The committee member said Sarhan Ahmad’s “Eye Iraq News”, that “it is necessary that the government is going to invest in agriculture and the activation of the industry and lack of dependence on oil in the state budget as oil continues to decline,” noting that “there are points of working to weaken the industry and agriculture Iraqi The government should expose those actors and stand against it no matter what. ”
And between Ahmad that “the solution to the economic crisis are now through external borrowing,” explaining that “Iraq has a large reserve includes foreign currencies, gold and alloys A government move to withdraw part of the reserve to fill part of the budget deficit and respond to the crisis that has plagued Iraq.”
The House voted on the budget that the current year which formed the current “operational” in expenses, a salary and other, more than 80 trillion dinars, and increase of 76% of total expenditures 105 trillion dinars, while the investment expenditure of more than 25 trillion dinars, and increase of 23.8%.
The Finance Minister Hoshyar Zebari warned last Monday, the Iraqi government will not be able employees’ salaries for the month of April next distribution, if the oil price remains Mnkhvdha.anthy 9
aynaliraqnews.com
