Finance reveal the government’s proposal to buy the Paris Club debt to reduce the budget deficit
Parliamentary Finance reveal the government’s proposal to buy the Paris Club debt to reduce the budget deficit
01/13/2015 14:04 GMT
Follow-up – and babysit – parliamentary Finance Committee announced on Tuesday, the existence of orientation of Parliament for the reduction of 10 trillion dinars from the budget, confirming that the reduction does not affect the employees and pensioners and social welfare, as revealed the existence of a government proposal includes the purchase of Iraqi debt to the Paris Club by the Central Bank to take advantage of the benefits of debt paid by Iraq to cover the deficit.
The committee member said Masood Haider in a press statement, “The Finance Committee continues to project a discussion in a comprehensive and seeks to reduce state spending, up nearly 10 trillion dinars from the gates of the budget related to the ministries and state institutions,” asserting that “reducing expenditure does not affect employees’ salaries and pensioners and social welfare. ”
He said Haider, that “the government has supported the Parliamentary orientation”, noting that “the total value of the budget will be 115 trillion dinars in the event of reduction of 10 trillion of spending, which means that the deficit does not exceed 30%, or 30 trillion dinars,” he said, adding that “the barrel price Oil in the budget is $ 60, while projections indicate the possibility of falling to $ 40. ” P / h
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