The Governor of the Central Bank of Iraq, on the Keywords, Saturday that the non-oil deficit in the current year budget of 78 trillion dinars, indicating that the balance of payments deficit of non-oil exports of $ 37.7 billion.
Keywords and said in a meeting of the Institute for the progress of policy development, and attended by "Economy News", "non-oil deficit in the current year budget of 78 trillion dinars, because local revenues today constitute 22%, while the ideal situation to be local revenue covers the size of local expenditures", referring to the "this leads to the instability of the state budget because the size of the dependence on the money that comes from abroad is higher than the money that comes from the inside."
He added that "Iraq's revenues expected during the next five years, oil will be 53 trillion dinars to 64 trillion dinars," noting that "the deficit in the balance of payments currently amount to $ 37.7 billion."
He added that "the shortfall in the balance of payments will put pressure on the central bank, because today the country is unable to foreign currency insert along with the money that the intervention of oil," noting that "Miran deficit payments means that the country is unable to attract investors, tourists and others."
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