Keywords: public expenditure did not contribute to the expansion of the productive base
Keywords: public expenditure did not contribute to the expansion of the productive base and did not achieve any developing economy
08/08/2015 08:45 GMT
Follow-up – and babysit – The governor of the Central Bank on the Keywords, Saturday, that the public expenditure did not contribute to the expansion of the productive base and did not achieve any development of the Iraqi economy, as explained that without the work done by the Bank saw Iraq financially difficult situation, he noted bond issue worth five billion dollars to be sold on credit in favor of the Ministry of Finance.
Keywords and said in a conference declaration and discuss the release mechanism loans for industrial and agricultural real estate for banks, which was held in the Ishtar Sheraton Hotel in Baghdad, attended by news agency public opinion (and babysit), said that “despite the fact that the country has great opportunities from human materials and expertise, but is unable to convert these public expenditures into a productive economy able to develop the Iraqi economy, “noting that” those expenses did not contribute to the expansion of the productive base and did not achieve any developing economy. ”
He Keywords that “the Bank of the oldest on the allocation of money to invest, including the five trillion dinars investment to correct economic growth in Iraq.”
Keywords He added that “the Bank directly injected 3 trillion dinars in the form of bonds and loans contributed,” noting that “this is not for the work done by the bank for we have seen a financially difficult situation in Iraq.”
He continued that “it was also lend to small businesses that have been allocated trillion dinars,” noting that “the bank issued bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance.”
He stressed that “the bank would launch a national bonds by 5 trillion dinars to citizens and on credit,” pointing out that “trying to compensate for the lack of liquidity in the markets by the activities carried out.”
alrayy.com
