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Magda Tamimi: cash reserve covers current expenses of the state for a period of one month only
08/11/20140
Revealed the Member of Parliament for the Liberal bloc Magda Abdel-Latif al-Tamimi, "The cash reserve is currently in a state of 8.8 trillion Iraqi dinars, which is increasing with the export volumes of oil a day, but this amount can cover the expenses of the state for a period of one month only.
She said al-Tamimi said in a statement received by all of Iraq [where] a copy of "The cash reserve in the state do not consider an asset for the state, because the balance can be increased in the event of a daily oil exports.
Tamimi and opposed the idea of benefiting from central bank reserves, afterthought at the same time that there is a clause in the Financial Administration Act that part of the profits of the Central Bank could be funded by the budget.
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08/11/20140
Revealed the Member of Parliament for the Liberal bloc Magda Abdel-Latif al-Tamimi, "The cash reserve is currently in a state of 8.8 trillion Iraqi dinars, which is increasing with the export volumes of oil a day, but this amount can cover the expenses of the state for a period of one month only.
She said al-Tamimi said in a statement received by all of Iraq [where] a copy of "The cash reserve in the state do not consider an asset for the state, because the balance can be increased in the event of a daily oil exports.
Tamimi and opposed the idea of benefiting from central bank reserves, afterthought at the same time that there is a clause in the Financial Administration Act that part of the profits of the Central Bank could be funded by the budget.
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