Parliamentary Finance Committee: Iraq will not need a loan from the IMF to cover deficit

Posted: January 23, 2012 in Iraqi Dinar/Politics

Baghdad, January 23 (Rn) – The parliamentary Finance Committee on Monday that Iraq does not need to borrow from the IMF. She noted that the budget deficit in 2012, the amount to $ 13 trillion dinars can be paid originally from the price of oil.

acknowledged the Iraqi government last year’s budget in 2012 which amount to 100 billion dollars (about 117 trillion Iraqi dinars) and a deficit of up to $ 13.5 billion (about 17 trillion dinars). It was hoped to proceed with the House of Representatives after the discussion of budget items in preparation for approval by the emergence of political problems hit the legislative institution a kind of inertia.

A member of the Committee Najiba Najib told the Kurdish news agency (Rn) that “Iraq will not need to borrow from the IMF International that he was able, according to economic studies to cover the elderly in the budget in 2012 and the $ 13 billion. ” “The support Iraq in the coverage of disability in the event of over Iraq’s oil exports of 2.6 million barrels per day. This is an expected part of the efforts of the Ministry of Oil” .

She drew the answer that “the deficit over the past years is not really a deficit Default can be treated by relying on oil prices remain a not less than $ 100.”

The country has a political crisis triggered by the Iraqi judiciary, days after a U.S. withdrawal when they issued an arrest warrant against Deputy President Tareq al-Hashemi on charges related to involvement in the leadership of death squads and cooperation with “terrorism” in addition to Maliki sought to isolate his deputy, Saleh al-Mutlaq. and raise the Iraqi parliament during the last few weeks its more than once to a lack of quorum due to the continuing boycott its sessions by members of the Iraqi List, which is the second largest parliamentary bloc.