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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Virtue objected to the continuing external borrowing to bridge the budget deficit and calls for a r

    Rocky
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    • Post n°1

    Virtue objected to the continuing external borrowing to bridge the budget deficit and calls for a r Empty Virtue objected to the continuing external borrowing to bridge the budget deficit and calls for a r

    Post by Rocky Sat 11 Mar 2017, 3:00 am

    [size=30]Virtue objected to the continuing external borrowing to bridge the budget deficit and calls for a review of policy[/size]
    10/03/2017 03:29 | Number of Views: 333
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    Direction Press / Baghdad 

    Virtue expressed parliamentary bloc, on Friday, objecting to continue external borrowing, and as a major source to cover the deficit in the current year's budget, as it called for a review of the policy of borrowing and the lack of urgency to borrow for future plans.


    The bloc chairman Ammar Tohme said in a statement "the trend Press" obtained a copy of it, "We reiterate our opposition to continued external borrowing as the main source to cover the deficit in the 2017 budget, especially as oil prices rose markedly from what it was the time of the preparation of the general budget."


    [size=16]He added that "the objection increase when borrowing amounts are very large, as is the case in the British loan that exceeds $ 12 billion, and actual need to borrow most of the fact that the amount of non-existent premium mentioned to finance projects in this year does not exceed $ 500 million."[/size]


    [size=16]He continued, "The rest of the loan scheme to benefit from it in the long future years, an issue linked to and influenced by oil prices and the ability to develop other non-oil budget resources and pressure and rationalization of expenditures on the basis of priority and essential need and taking into account the sum of these factors may no longer needed, or much less to borrow external, "pointing out that" this calls for a review of external borrowing policy and not rush to borrow for future plans, not actual needs of real-time lobbyist. "[/size]


    [size=16]Iraq has signed, in (March 6, 2017), with Britain a memorandum of understanding on the loan by 10 billion pounds sterling for the development of infrastructure, while the Finance Minister pointed Agency Essa Abdul Razak that the duration of the loan amounting to ten years.[/size]


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