Agencies 271 2017-7-18
The governor of the Central Bank of Iraq on the Keywords, the balance of payments problems facing the country, especially the deficit in the budget year 2017.
Keywords and said, according to a statement on the Iraqi Central Bank site on Tuesday that the deficit in the current year's budget led to the instability of the state budget.
"The reason for this is the increased reliance on funds that come from abroad from those inside the size."
The shortfall referred to as mentioned, pressure on the Central Bank of Iraq; the lack of Baghdad, is currently able to enter foreign currency as well as funds received from oil investments.
For his part, warned the Director-General of the financial operations of the Central Bank of Iraq, the threat to monetary Iraqi reality represented in the creation of assets and reserves dinar, according to the National Iraqi News Agency.
He explained Mahmoud Dagher, that danger is to pressure local assets, pointing to the lack of the central system's ability to continuity about the status quo.
Dagher completed his remarks, saying: "now equal or exceed local credit assets on foreign assets, and this threatens the ability to additional lending."
A member of the Iraqi Parliamentary Finance Committee yesterday first, the existence of an increase in the federal budget state by 107 trillion dinars.
It was the vote on the budget bill for the year 2017, by the House of Representatives on 7 December last year, it was applied on January 1, 2017. Finished / x.
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