Parliamentary Economy: will be corrected paragraphs of budget austerity and better cope with the crisis solutions

11.30.2015 at 11:02 (GMT Baghdad)

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He stressed the economic and investment commission parliamentary member Harith al-Harthy, Monday, that external borrowing would put particular strain of the economic burden on Iraq, while stressing the need to move towards austerity in line with the economic situation that the country is going through.

He said Al-Harthy's / scales News /, that "external borrowing will cause future additional new problem added burden on Iraq by increasing taxes and extra charges on the amounts that will be used from borrowing," noting that "the Iraq trend toward austerity and rebalancing is healthier to be Treatment-induced deficits in the budget because of lower oil prices. "

"The current budget is responsive to all of Iraq requests as well as it does not satisfy the House of Representatives and will be returned to the government to be corrected many passages where," stressing "the need to belong to the Asian Bank for the advancement of the economy of Iraq and provide better services."

The member of the parliamentary finance committee Sarhan Ahmed Sarhan ruled out, earlier, asylum Iraq to external borrowing to raise interest resulting from the ratio, indicating that the blame falls on the government for not developing a strategy promotes our economy, "Dead." Ended up 29/4 e