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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

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    Parliamentary finance seeks to stop external borrowing in the budget of 2019

    Rocky
    Rocky
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    Parliamentary finance seeks to stop external borrowing in the budget of 2019 Empty Parliamentary finance seeks to stop external borrowing in the budget of 2019

    Post by Rocky Sun 13 Jan 2019, 1:59 am

    Parliamentary finance seeks to stop external borrowing in the budget of 2019

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    The Finance Committee in the House of Representatives, on Sunday, sought to stop foreign borrowing in the budget of 2019, and avoid dumping the Iraqi economy in the long and short term external debt. 
    "We have a vision in the Finance Committee that continuing the external borrowing in 2019 is a big mistake that will be paid for by future generations. There is no justification for borrowing about $ 5 billion," said Hoshyar Abdullah, a member of the committee. Iraq has a good cash reserve, with other mechanisms that can be used as an alternative to borrowing, such as voluntary savings and revitalization of government banks by raising interest rates for individuals and companies, seeking to increase domestic production and restricting imports of locally available products, Of the solutions followed Such conditions are experienced by countries with economies similar to the Iraqi economy. "
    Abdullah explained that "long-term and short-term foreign loans have high benefits, and what was borrowed during the previous years is a serious strategic error," stressing that "the suspension of foreign loans in 2019 is a national step requires the support and support of the House of Representatives."


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