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The government develop a plan to address the fiscal deficit continues to borrow from abroad
Date: 11/24/2016 10:44
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Information / Baghdad ..
According to the official newspaper "Sabah", on Thursday, that the government has developed a plan to address the fiscal deficit in next year's budget in 2017, while suggesting that the Council of Ministers will be empowered the Minister of Finance to borrow or to continue to borrow from abroad to finance development projects.
The newspaper said in a report then issued today and seen by / information /, "The government has developed a plan to address the financial gap (deficit) include the" adoption of balances ministries and departments not associated with the Ministry of the State-owned banks accounts, and the balance circular of the Ministry of Finance account, and the issuance of national bonds to citizens as well as the issuance of treasury bonds and remittances to the government banks are allocated to the Central Bank of Iraq, and the investment of the World Bank loan for budget support, as well as the IMF loan, and the loan of the Japanese Agency for international cooperation. "
The newspaper added that "the plan includes the adoption of ensuring Britain, France, Canada countries through World Bank loans, the issuance of foreign bonds, and benefit from the EU loan, and the adoption of remittances through commercial banks, along with the World Bank loan to support the liberated areas, the US and the loan for the purpose of armament, the British loan (exports) loan, the Chinese and the loan, as well as the German loan and the Swedish and Italian, and a loan of the Islamic development Bank.
The paper pointed out that "the Council of Ministers will be empowered Federal Minister of Finance to borrow or to continue to borrow from abroad to finance development projects after the Cabinet approval, and continue to loans approved in previous years, as the government will issue bonds to pay dues of contractors and farmers for the years (2014.2015, 2016 2017), after being examined by the Federal Office of financial supervision in the case of inadequate estimates allocated within the federal budget for 2017 to cover receivables, with a proposal to declare a supplementary budget during the next year. " Finished / 25
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[url][/url]Information / Baghdad ..
According to the official newspaper "Sabah", on Thursday, that the government has developed a plan to address the fiscal deficit in next year's budget in 2017, while suggesting that the Council of Ministers will be empowered the Minister of Finance to borrow or to continue to borrow from abroad to finance development projects.
The newspaper said in a report then issued today and seen by / information /, "The government has developed a plan to address the financial gap (deficit) include the" adoption of balances ministries and departments not associated with the Ministry of the State-owned banks accounts, and the balance circular of the Ministry of Finance account, and the issuance of national bonds to citizens as well as the issuance of treasury bonds and remittances to the government banks are allocated to the Central Bank of Iraq, and the investment of the World Bank loan for budget support, as well as the IMF loan, and the loan of the Japanese Agency for international cooperation. "
The newspaper added that "the plan includes the adoption of ensuring Britain, France, Canada countries through World Bank loans, the issuance of foreign bonds, and benefit from the EU loan, and the adoption of remittances through commercial banks, along with the World Bank loan to support the liberated areas, the US and the loan for the purpose of armament, the British loan (exports) loan, the Chinese and the loan, as well as the German loan and the Swedish and Italian, and a loan of the Islamic development Bank.
The paper pointed out that "the Council of Ministers will be empowered Federal Minister of Finance to borrow or to continue to borrow from abroad to finance development projects after the Cabinet approval, and continue to loans approved in previous years, as the government will issue bonds to pay dues of contractors and farmers for the years (2014.2015, 2016 2017), after being examined by the Federal Office of financial supervision in the case of inadequate estimates allocated within the federal budget for 2017 to cover receivables, with a proposal to declare a supplementary budget during the next year. " Finished / 25
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