Zebari: We have several ways to cover the deficit in the current year


21 1 2016
Finance Minister Hoshyar Zebari said that his ministry has several ways to cover the deficit in the current year's budget, as pointed out near the initial public offering of debt securities to the public through the Central Bank.



Zebari said at a press conference in the Ministry of Finance building, "We have several ways to cover the deficit during this year, including the remaining balances of the accounts of other ministries, which amounted to 3 trillion dinars, and the two loans from the World Bank and the Japanese Agency".



Zebari said, that among these means, "the banks to issue bonds amounting to 7 trillion dinars, and the issuance of treasury bonds from commercial banks amounting to 5 trillion dinars, and the issuance of public debt bonds and the amount of 5 trillion dinars."



The Minister of Finance, that "public debt securities soon will put it to the public through the Central Bank," noting that "the duration of such bonds three years, and 10% of its usefulness

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