Member of Parliamentary-bond issuance will not meet fin. obligations of the State
Member of the parliamentary Balaguetsadah: bond issuance will not meet the financial obligations of the State
Alsumaria News / Baghdad - He saw a member of the economic and investment commission parliamentary Najiba Najib, Monday, that the financial bond issuance will not meet the financial obligations of the state, as pointed out that Iraq is suffering from the provision of financial liquidity.
She said Najib in an interview with Alsumaria News, "The issuance of securities is one of the means resorted to by the state after the drop in oil prices, and comes from the phrase measures to increase fiscal revenue," indicating that "the House of Representatives to grant powers and vacation legitimacy to issue bonds and sell them in international markets ".
Najib added that "the issuance of bonds, amounting to six billion dollars will not meet the financial obligations of the state and be covered under the current circumstances," pointing at the same time that "Iraq is suffering from the provision of liquidity, but the government is moving to increase revenue."
The Central Bank announced, in (July 26, 2015), his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, confirmed that it can be used as collateral for loans or facilities require collateral.