Finance Committee: The World Bank refuses to give Iraq a loan of six billion dollars
Finance Committee: The World Bank refuses to give Iraq a loan of six billion dollars
Date: 10/10/2015 19:09
Information / special / ..
the parliamentary finance committee confirmed Saturday that the World Bank lending to Iraq’s refusal to six billion dollars to cover the budget deficit, as pointed out that the general budget will come to the House of Representatives in the fifteenth of the month.
She said committee member Majda al-Tamimi told / information / “The Finance Minister Hoshyar Zebari made a number of tours to foreign countries for the purpose of financial borrowing the aim of winning the fiscal deficit coverage in the financial Mizantah,” indicating that “the World Bank has provided financial loan to Iraq billion dollars and an interest rate of one-tenth and a half percent, and this is a burden great on the financial budget, “pointing out that” Iraq needs a loan of six billion dollars to cover his inability.
“She said Tamimi (a deputy from the Liberal block of the Sadrist movement) that” the financial budget for next year will come to the House of Representatives on the fifteenth of this month in order to be found and discussed and then be voted on.
“parliamentary finance committee confirmed earlier that the general federal budget for the year 2016 deficit had reached 29 trillion Iraqi dinars what caused reduction of the amount of balancing the budget of 113 trillion dinars to 100 trillion.
The country has the financial and economic crisis because of the sharp drop in oil prices and rising costs of the war on terror Daash gangs, prompting the government to follow the austerity system and reduce government spending and taxing Kartat shipping to operators of mobile and import cars. Finished / 25’s
almaalomah.com
