Finance: World Bank loan not feasible and the government can take advantage of the central reserve
Parliamentary Finance: World Bank loan not feasible and the government can take advantage of the central reserve
Thu, 22 Dec 2016 12:55:52
A member of the parliamentary finance committee, Harith al – Harthy, the last meal of the World Bank for Iraq a loan of $ 1.485 (one billion four hundred and eighty five million dollars), has no “feasibility” and weigh the burden on the citizen, pointing out that the government can take advantage of central bank reserves.
And the Al – Harthy said ” a recent World Bank loan, does not have the feasibility and adds nothing national Allaguetsad and weigh the burden of the Iraqi citizen , the start of the deductions staff and to stop the appointments and taxation of the market.”
He continued, ” The government was able to borrow from the central bank reserves and do private agriculture sector and develop plans economic development Court and develop the national economy without being taxed and deducted from the citizen.”
He said Al – Harthy, that “the Iraq money frozen in the countries of the world , even the central bank and the finance ministry exploited well can clog made in the budget shortage and stimulate the country ‘s economy , ” he said . “There are a thousand question mark on the financial plans.”
The World Bank announced on December 21, it approved a new loan of $ 1.485 million dollars to help Iraq to alleviate the weak oil prices on the economy.
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