Parliamentary Finance: lending process to fill the budget deficit “risk”
Parliamentary Finance: lending process to fill the budget deficit “risk”
29-01-2014 08:04 AM
Baghdad (news) .. considered the parliamentary Finance Committee proposal lending finance
to cover the deficit in the general budget for 2014 to risk the country’s economic. committee member said Haitham al-Jubouri (of the Agency news) on Wednesday that the deficit recorded in each budget every year is not an imaginary but recorded and expected at the time, therefore, any proposals for bridging the fiscal deficit should be a priority and importance, noting that the proposal and the Minister of Finance, which is in good faith to save the general situation in the budget for the possibility of borrowing to pay off the deficit of the budget and disbursement of allocations petro-dollar is a kind of risk-taking in the country’s economy especially at this stage. said Jubouri that there are two types of borrowing and the two domestic borrowing and require asylum federal government to offer securities lending to financial companies, banks, civil versus benefit of up to six percent, while the second type is borrowing the outside so you have the Iraqi government to resort to borrowing from the IMF International Both cases lead to the seriousness of the Iraqi economy because of the accumulation of financial debt it over time. was Minister of Finance and serenity net debt agency announced the possibility of borrowing the government nine trillion Iraqi dinars to repay the funds petro-dollar allocated to the provinces produced, if the House of Representatives voted on it. / End
ikhnews.com
