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[size=36]Al-Kazemi's economic advisor determines the path to redemption of loans[/size]
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Baghdad - Mawazine News
, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed, on Tuesday, that Iraq will not resort to borrowing again if the oil price reaches $ 70.
Saleh said in a television interview, "The government will not go towards borrowing again in the event that the price of one barrel of oil reaches $ 70 during the coming period, as this will increase financial abundance," stressing "the need to provide a stabilization fund for the budget."
He added that "this fund aims at financial stability from fluctuations of rise or fall," noting that "this fund must be sovereign and support the federal budget." Ended 29 / h
, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed, on Tuesday, that Iraq will not resort to borrowing again if the oil price reaches $ 70.
Saleh said in a television interview, "The government will not go towards borrowing again in the event that the price of one barrel of oil reaches $ 70 during the coming period, as this will increase financial abundance," stressing "the need to provide a stabilization fund for the budget."
He added that "this fund aims at financial stability from fluctuations of rise or fall," noting that "this fund must be sovereign and support the federal budget." Ended 29 / h
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