Iraq issued bonds worth 7 trillion dinars for next year

Finance Minister, Hoshyar Zebari, said the Government will issue next year 2016 bonds worth seven trillion Iraqi dinars to bridge the budget deficit will be released five of them in the domestic market and the remainder in the international market.

This came in a joint news conference with Zebari, IMF Mission Chief to Iraq Christian in Oman, Jordan Tuesday evening, during which they announced an agreement for [monitoring program of Iraqi economic and fiscal policies] by the Fund.

Zebari also introduced the benefits agreement with the Fund and said that led to a $ 1.2 billion Fund for Iraq before the end of the year, apart from its impact on improving the classification of Iraq before international institutions would reduce the interest rates on the bond market put the semen

Zebari denied that "any agreement have implications for staff salaries and social benefits provided by the Government or aid to the displaced, but he acknowledged that the Iraq crisis threatened by the so-called organizing daash exacerbated by low oil prices and the displacement of large numbers of displaced persons.

With regard to balancing Iraq for 2016, Zebari said that Iraq's Government bent its premise in the draft budget presented to the House on a conservative price for oil of $ 45 USD.

For his part, the President of Hickory Fund mission elements of the agreement with Iraq and said that Iraqi authorities under the [programme of monitoring of financial and economic policy], which begins end of 2015 will be implemented debugging process to contain public spending in line with revenues and funds available.

And the end of correction said JAWS that aims to cut spending first non-oil by 4 percent of non-oil GDP for the end of the period of 2014-2016 under a program that also includes measures to support public finance and to achieve financial stability and combating money-laundering and the financing of terrorism.

Coconut predicted that Iraqi gross domestic product grows by 1.5 percent in 2015 because of the increase in oil production in areas under the control of the Iraqi Government and the Kurdistan Regional Government (KRG) areas.

And the International Monetary Fund's mission to Iraq to meet with Iraqi officials in Jordan to discuss issues of mutual cooperation.

© All Iraq News Agency 2015