New talks begin financial borrowing without great benefits

The Ministry of finance Wednesday, discussions of new borrowing from international financial contacts, noting that talks aimed at obtaining loans with few benefits.

He said Undersecretary Fazil Nabi told a disciple "agency" economy, "Finance Minister hoshiaz Zebari asked to wait at the moment foreign bonds because of rising interest rates and pending improved Iraq material then cut interest rates."

The Prophet said that "talks are underway through other channels for external borrowing are low interest rates," adding that "talks are still ongoing and when agreement is reached will announce details".

The draft Iraq budget forecast for next year 2016, a deficit of 18.3 trillion dinars (25.81 billion dollars) proposed budget size 113.5 trillion Iraqi dinars (78.87 billion dollars).