Parliament gives the Finance Minister the power to borrow to meet the 2016 budget deficit

BAGHDAD / ... announced by the Parliamentary Finance Committee MP Ahmed Sarhan, Thursday, that the House of Representatives to grant the finance minister, Hoshyar Zebari, foreign borrowing authority to cover the deficit in the budget of 2016. Said Ahmed for "Eye Iraq News", that "the budget law paragraphs of authority granted to the Minister of Finance to borrow from the International Monetary Fund or the Islamic Bank to bridge the shortfall in the general budget for 2016." "The value of the amounts that would borrow to fill the public budget deficit set by the Ministry of Finance." It is said that a member of the Finance Committee Masood Haider announced that the government plans to borrow an amount of $ 14.5 billion to meet the shortfall in the budget of 2016.