Iraq resorted to foreign reserves to cover the deficit 1/13
Iraq resorted to foreign reserves to cover the deficit
BAGHDAD / Obelisk: The Iraqi government said, in a note to the International Monetary Fund, on Tuesday, it plans to finance the deficit in the balance of payments of withdrawal from Iraq, including foreign reserves will make it go down to $ 43 billion in 2016 from 59 billion at the end of last October.
She said the government, under a program approved by the IMF as a precondition for the loan, it is expected that the balance of payments deficit of $ 14 billion in 2015, before shrinking to $ 11 billion in 2016, according to the report published by "Sky News", and I followed, "the obelisk ".
Iraq estimated that GDP will grow by 1.5 percent in 2015 and 10.6 percent in 2016 with the increase of oil production.
While falling oil prices will lead to a budget deficit of 15 percent of GDP in 2015 and a deficit of 10 percent in 2016.
Who said this? Something is off with this article. We already know the deficit is expected to be at least 24 trillion dinars and that was figured with oil selling for 45 dollars a barrel. That would put the budget shortfall at more like 23%. -Loop