Parliamentary Finance: internal borrowing to the government caused its banks 9/27
Parliamentary Finance: internal borrowing to the government caused its banks Ptsfir
9/27/2015 0 Comments
said in the parliamentary finance committee member, said the treasury banks, banks and government have become almost empty because of government borrowing and not returning them the amounts for it. " He said Haitham al-Jubouri told all of Iraq [where] that "domestic borrowing of the government caused almost Ptsfir state banks such as Rasheed and Rafidain and Iraqi Trade." He added, "The government and since the beginning of 2015 borrowed from these banks more than 30 trillion dinars of Finance and the Ministry of whatever is no longer of this the amounts banks.
"He pointed out that" we do not want a financial as a committee to give the government this broad authority to borrow in the 2016 budget law.
"It is said that decline in Iraq's imports of oil caused a deficit of 25%, prompting the government to launch treasury bonds worth 6 billion dollars and borrowing from the International Monetary Fund about $ 1.2 billion in an attempt to reduce this deficit with the continuing drop in prices.
The draft of the Ministry of Finance to balance in 2016 submitted to the Council of Ministers last week and tied oil revenues which 69 trillion and 773 billion and 400 million Iraqi dinars, or about 83 % of Total Revenue Estimated to 84 trillion dinars, equivalent to the value of the dollar 59 billion and $ 130 million.
According to the draft budget that the total expenditure of more than 113 trillion dinars, which is low by about six trillion dinars from the budget last year, which was 119 trillion dinars The percentage of 2016 budget deficit It amounted to 26.5%, or about 30 trillion Danar.