Parliamentary Economy: frozen funds in the state treasury

09.12.2015 at 10:54 (GMT Baghdad)

Special - scales News
Admitted deputy chairman of the economic and investment commission parliamentary Harith al-Harthy, Wednesday, the existence of frozen funds in the state treasury may help increase profits on Iraq if they are used properly, while noting that foreign loans weigh down the budget and paralyze the movement of investment in Iraq.

He said Al-Harthy's / scales News /, that "foreign loans return profits to the state that gave Iraq borrowing attributing the cause to the banks that offer loans came from the profitability of hand, leading to the addition amounts to these loans, which helps in the weights budget and paralyze investment movement."

He stressed "the need to find alternatives through borrowing from the central bank on Tragaha that are borrowing from international banks," referring to "the need to find solutions before resorting to borrowing from the World Bank."

He added that "Iraq has frozen funds in the state treasury and the borrowing of them the same conditions for the return to profits," stressing "the necessity of activating the money to help in supplying the country's economy" .anthy 29/4 e