Expert: the amount of money frozen in Iraq 70 trillion dinars
Expert: the amount of money frozen in Iraq 70 trillion dinars
04/22/2014
Confirms financial expert and there are about 70 trillion Iraqi dinars as seed money frozen in banks and official institutions and civil government can invested within development projects. , in an interview with Radio Free Iraq, expert says the appearance of Mohammed Saleh, who served as deputy governor of the Iraqi Central Bank in the past that 30 trillion dinars of those funds existing government banks accumulated surpluses budgets of previous years as a result of non-implementation of government institutions, the entire investment plans, as well as 40 trillion dinars other in the form of deposits with institutions Jkumah and civil. , however, a member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri explains his part that the funds surplus budgets not considered frozen, but it is money rounded to the government’s favor, ruling that the funds surplus budgets, the impact on the Iraqi economy to the point of increasing the rate of inflation, the fact that money and bank deposits are not pumped into the local market. so stressed economic expert Majid picture that the government resorted to the use of funds surpluses of previous budgets, outside the framework of the budget as a result of the absence of the final accounts of the budgets of the general government must submit the end of each year, pointing out that a large percentage of that money spent advances to state employees government has been unable to recover only a small part of them as a result of the economic problems that plagued Iraq and that resolved in accordance with the decisions he described as “improvised.” The Union of Arab Banks own earlier warned of the repercussions of the continued lack of funds to exploit surplus budgets on the Iraqi economy, calling on the Iraqi government to invest that money in resolving the economic problems, perhaps several of the most prominent of the housing crisis.
iraqhurr.org
