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Ecnomist: IMF loans have no positive impact on the Iraqi economy
01/04/2014 11:45:00
BAGHDAD / Nina / ruled out of international economic expert Majid picture, the importance of the impact of IMF loan on the Iraqi economy.
He told the National Iraqi News / Nina / day, that "the IMF a central institution to prevent the occurrence of crises the international economic system through temporary funding for states to address the deficit of financial budgets," stressing that "Iraq does not need IMF loans to the absence of a deficit scary financial budget."
He said, "The IMF loans do not have a positive impact on the Iraqi economy, if that, Iraq's budget does not need the funding Mali," adding, "It is possible to have a positive impact if there was a real deficit in the budget."
He said the picture "no large surpluses in Iraq's money and there was no detection of cash flow budgets Iraq to uncover the real deficit of the budget of Finance," he said, adding that "large amounts of excess relive the budget set by the Board of Supreme Audit up to 58 billion dollars each fiscal year, which confirms the lack of need for Iraq the International Monetary Fund."
It is said that the IMF is a specialized agency of the United Nations system agencies, established under an international treaty in 1945 to work on enhancing the safety of the global economy. / Finished 8
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01/04/2014 11:45:00
BAGHDAD / Nina / ruled out of international economic expert Majid picture, the importance of the impact of IMF loan on the Iraqi economy.
He told the National Iraqi News / Nina / day, that "the IMF a central institution to prevent the occurrence of crises the international economic system through temporary funding for states to address the deficit of financial budgets," stressing that "Iraq does not need IMF loans to the absence of a deficit scary financial budget."
He said, "The IMF loans do not have a positive impact on the Iraqi economy, if that, Iraq's budget does not need the funding Mali," adding, "It is possible to have a positive impact if there was a real deficit in the budget."
He said the picture "no large surpluses in Iraq's money and there was no detection of cash flow budgets Iraq to uncover the real deficit of the budget of Finance," he said, adding that "large amounts of excess relive the budget set by the Board of Supreme Audit up to 58 billion dollars each fiscal year, which confirms the lack of need for Iraq the International Monetary Fund."
It is said that the IMF is a specialized agency of the United Nations system agencies, established under an international treaty in 1945 to work on enhancing the safety of the global economy. / Finished 8
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