Economist: can not bridge the fiscal deficit without activating the productive sector

Economist: can not bridge the fiscal deficit without activating the productive sectors

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Date: 12/19/2015 17:32 74

Information / special / ..

Said economic expert, Basil al-Obeidi, Saturday, that he can not bridge the fiscal deficit and to cover the financial costs of the country without activating the productive sectors, as pointed out that the actual deficit in the next budget of about 70 trillion dinars.

He said al-Obeidi told / information / "The World Bank loan of around one billion and $ 200 million at an interest rate of 10% of any financial rate of $ 120 million to be repaid within a period of 40 years as cost Iraq huge sums of money," noting that "these loans dangerous to the Iraqi economy that would provide guarantees as to the World Bank in accordance with the specified time period of the loan. "

"The financial budget for next year prosthesis because it did not guess within at current oil prices, in addition to that revenue is considered the fact of the existence of actual expenses to be valued higher than revenue, with a real financial Agr budget of about 70 trillion dinars", stressing that it "can be covered the fiscal deficit and the expenses of the country through the activation of the productive sectors in Iraq. " Finished / 25's

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