Parliamentary Finance calling on the government to announce the terms of foreign loan
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    Parliamentary Finance calling on the government to announce the terms of foreign loan

    Parliamentary Finance calling on the government to announce the terms of foreign loans



    2015/12/22 16:27

    [Where BAGHDAD]
    Parliamentary Finance Committee called on the government to declare whether there were conditions in international loans to Iraq, including the removal of subsidies on some services and energy.

    And the Rapporteur of the Committee Ahmed al-Haj told all of Iraq [where] that "any country if they were in a financial bind or always have an economic problem that resort to the International Monetary Fund and the latter when given any loans or economic reforms has to be commitment to a set of conditions", adding that "requirements vary from state to state depending on the nature of the state or its potential."

    He added that "the terms of the International Monetary Fund at the present time can not be adhered to by Iraq because one of the IMF conditions are always the removal of subsidies on all services, and therefore currently can not Iraq that raise support for all the services, and there could be conditions or economic reforms carried out by Iraq in return for granting this loan to address part of the economic problems.

    "He said Haj" We have no knowledge of the conditions imposed by the International Monetary Fund, does impose certain reforms and the government did not declare it? "stressing that" we do not have accurate information about the conditions of the IMF.

    "Some of the sites and pages of social networking pointed to halt appointments in the country until the year 2019 because of the terms of the loan from the IMF and the World Bank that the government stop the appointments for a period of 3 years and the Iraqi government agreed to all the terms.

    The World Bank, it had announced earlier agreed to give Iraq a loan of one billion and 200 million dollars to assist in controlling the financial and improve the energy sector conditions, and to compensate the decline in oil prices and rising security costs.

    It is noteworthy that the House approved in its meeting last Wednesday , next year's budget in 2016 with a total expenditure of more than 105 trillion and 890 billion dinars deficit accounted for 22.8%.

    The total revenue which 81 trillion and 700 billion dinars formed oil revenues, of which 69 trillion and 773 billion dinars The increase of 85.1% of total revenue, while total non-oil revenues more than 11 trillion and 927 billion dinars The increase of 13.6% of total revenues.

    And formed the current expenditures [operating] a salary and other more than 80 trillion dinars, and increase of 76% [of total expenditures 105 trillion dinars] while the capital expenditures of more than 25 trillion dinars The increase of 23.8% .anthy 2

    http://www.alliraqnews.com
    Last edited by Loopback; 12-22-2015 at 05:06 PM.



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