Vice calling on the government to raise taxes and the value of the currency to bridge the budget deficit

History of edits:: 2016/1/19 0:01 759 visits readable

Deputy for the National Alliance called on the government to raise taxes and the value of the currency to cover the deficit in the fiscal budget.

Sadiq frankincense told all of Iraq [where] that "the economic situation may be confusing but bridging the fiscal deficit is a real dilemma, noting that" there are several measures of the government to overcome this crisis and is now in the process of study, including raising taxes and the value of the currency in order to plug in the budget.

"The government is moving to all solutions and percentages simple even not be the there are gaps or heavy burden on the citizen.
The Commission on oil and energy parliamentary member Jamal Panthers, said in a statement to [where] that" the country to the brink of bankruptcy as a result of the financial crisis and low prices oil.

"It is noteworthy that, oil prices witnessed over the past week, a collapse remarkable which recorded the lowest level over the past 12 years since I arrived last Friday to $ 25 a barrel for a basket of crudes OPEC and less than $ 30 for Brent.

The Office of the Prime Minister Haider al-Abadi, confirmed last Friday, the government continues to search for sources of funding out of the economic crisis, including internal and external borrowing and taxation and activating the customs tariff and selling bonds, international and internal subscription and implementation of projects on credit.

A spokesman for the Office Saad al-Hadithi's [where], "The government has drawn up plans in budget 2016 approved by Parliament is in the search for sources of financing be helping and assisting the oil sources, "noting that" the adoption of the budget on oil sources this stage is no longer feasible.

"He said Sabri that" there are other options carried out by the Iraqi government through a bond offering, or IPO internal or even international bond sale and implementation of some projects on credit payment system according to the specific percentages do not conflict with Iraq's economic future, ".anthy 2