Internal and external bonds and loans to bridge a budget deficit of 2016 11-16
Internal and external bonds and loans to bridge a budget deficit of 2016 November 16, 2015
Member of the parliamentary Finance Committee Sarhan Ahmed, on Monday, that the continuing financial crisis depends on serious and positive steps to be taken by the Government through failure to recover looted funds, noted that borrowing from the IMF and external and internal bonds that would reduce the size of the budget deficit contained in 2016.
Ahmed told reporters that "the financial crisis ravaging the country, she slaughtered the body of the Iraqi State," cause upheavals in oil prices had fallen below the required, "he said, adding that" the Iraqi economy significantly affected, resulting in the arrival of Iraq into what it is now. "
He added that "the continued financial crisis depended on serious and positive steps to be taken by the Government through failure to recover looted funds and accounting who have wasted money," he said, adding that "this crisis will continue unless measures are taken right from the real culprit".
He noted that "there are certain steps that must be taken by Finance Minister Hoshyar Zebari for powers granted him under the budget law, including borrowing from the IMF and Islamic banks, domestic and foreign bonds that would reduce the size of the deficit contained in balancing 2016".
"This economic expert by the name of Antoine, the Federal Government has made borrowing is the only way to bridge the fiscal deficit for next year."