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The government is charging for military needs
September 01, 2017 - 10:34 | Number of readings: 162
BAGHDAD (Reuters) - The Iraqi government has borrowed 32 billion dollars from the Central Bank of Iraq to cover military needs in the war against "Daash," a member of the parliamentary committee on economy and investment said on Friday, pointing out that high oil prices and dependence on non-oil revenues will pay the government debt. Of the Bank.
Najeeb Najib said in a press statement that "the financial crisis that suffocated the country, as a result of the collapse of oil prices and the drainage on the war against Daash, made the government in a difficult situation and having to borrow money from the Central Bank," noting that "the government was removed from the Central Bank $ 32 billion to cover state treasury bonds. "
She added that "77 billion dollars, is the Iraqi reserve funds, but the consumption brought it down to 45," noting that "the improvement of oil prices and the arrival of the barrel to $ 50, and reduce expenses, and the adoption of the policy of raising revenue through non-oil products, Reserve funds, which are funds belonging to Iraqis. "
The International Monetary Fund, considered in a report released on Wednesday, that Iraq is currently facing a dual economic challenge is to compensate for the material losses resulting from the war against Daqash, as well as the decline in production and oil prices, noting that the decline of Iraq's foreign exchange reserves of $ 54 billion At the end of 2015 to 45 billion at the end of 2016.
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September 01, 2017 - 10:34 | Number of readings: 162
BAGHDAD (Reuters) - The Iraqi government has borrowed 32 billion dollars from the Central Bank of Iraq to cover military needs in the war against "Daash," a member of the parliamentary committee on economy and investment said on Friday, pointing out that high oil prices and dependence on non-oil revenues will pay the government debt. Of the Bank.
Najeeb Najib said in a press statement that "the financial crisis that suffocated the country, as a result of the collapse of oil prices and the drainage on the war against Daash, made the government in a difficult situation and having to borrow money from the Central Bank," noting that "the government was removed from the Central Bank $ 32 billion to cover state treasury bonds. "
She added that "77 billion dollars, is the Iraqi reserve funds, but the consumption brought it down to 45," noting that "the improvement of oil prices and the arrival of the barrel to $ 50, and reduce expenses, and the adoption of the policy of raising revenue through non-oil products, Reserve funds, which are funds belonging to Iraqis. "
The International Monetary Fund, considered in a report released on Wednesday, that Iraq is currently facing a dual economic challenge is to compensate for the material losses resulting from the war against Daqash, as well as the decline in production and oil prices, noting that the decline of Iraq's foreign exchange reserves of $ 54 billion At the end of 2015 to 45 billion at the end of 2016.
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