Majida al-Tamimi: internal government tends to borrow

02.02.2016 at 12:48 (GMT Baghdad)

Special - scales News
Confirmed the parliamentary finance committee member Majda al-Tamimi, said on Tuesday that Iraq needs to borrow large internal and external, both indicating that the government tends to borrow because of internal money will not go out to the outside of the country.

She said Tamimi's / scales News /, that "the difficult situation of Iraq needs to resort to internal borrowing or external, but the government tend to domestic borrowing because the benefits and risks of much less, especially the withdrawal of savings from citizens to bring about development movement and its revenues go back to the same country , unlike external borrowing, which requires setting conditions and benefits due to outside the country. "

He said al-Tamimi, said he "must activate the issue of collection, and the emphasis on the ministries and departments not associated with the ministries given that the activities of their revenues and must be activated in the largest, and in the case of our development plan for the revenue they have to be a medium-term not be carried out at the present time."

She pointed out that "if we turned external borrowing, we are not able to pay these debts, therefore it when they see the economic situation is difficult and will impose other conditions are doing investment projects and financial benefits for the purpose of returning them to fulfill that debt".
Iraq is going through a severe financial crisis due to lower oil prices to $ 30 per barrel.

The government failed to provide Srieih economic treatment to rid the country of the deterioration of oil prices. Ended 29/38