Urgent Cabinet approves financial application for a loan 14 trillion dinars 7/28/2015
Urgent Cabinet approves financial application for a loan 14 trillion dinars to fill budget deficit
(Baghdad-where) - The Council of Ministers approved in its meeting on Tuesday at the request of the Ministry of Finance to obtain a financial loan of 14 trillion dinars to fill the budget for the current fiscal year 2015 deficit.
A source in the prime minister told all of Iraq [where], that the council "agreed on what was in the book and the Ministry of Finance on the budget support loan to close the funding in the budget gap and the amount of 14 trillion dinars, according to the World Bank and the International Fund estimates of the inability of the revenue and finance internal and external of the budget deficit financing by raising public revenue and reduce investment spending in light of the financial performance for the first half of this year. "
The source did not explain who asked this loan. It is said that the World Bank agreed to give Iraq a loan of $ 1.2 billion to help alleviate Bmoisnth fiscal deficit for 2015 is equal to the amount of this loan is 14 trillion Iraqi dinars .