Parliamentary economy: stop the predecessor State bankruptcy does not mean

2016-09-17 12:54 p.m

Special the balance of news

The Parliamentary Commission on the economy and investment, Saturday, to stop the firing of the predecessor does not mean that the State is bankrupt.

Answer truthfully, Committee Member said Najib/balance of news/there is some administrative actions taken by the State from time to time, that doesn't mean the State is bankrupt, "adding that" stop credit is more regulatory administrative procedure described in bankruptcy because the State has a financial possibilities. "

Najib added that "the situation occurring in credit off is a temporary situation," pointing to the predecessor State serve "it works on development of the Iraqi economy in terms of the State, and the citizen is to spend real need."

Najib indicated that "citizen credit creates a kind of trust between him and the Government, and the indication that the citizens credit economic movement exists in the country and weren't paralyzed."

Najib said that "previous advances granted was not well thought out, in terms of ensuring payment, terms and instructions that will return these amounts, so the amounts returned with interest, this needs to be precise in how restoration with its benefits without strain on the State and the citizen".

Najib stressed that "credit pause doesn't necessarily mean lack of financial liquidity, but there are instructions and conditions of the relevant committees will be put on credit and banks, and then released under new instructions, in order to ensure that the State and the citizen be comfortable paying what he owes little things."

It is said that the Rafidain Bank, announced today a $ 10 million advances off to State officials.