Ammar Tohme: We reject the government's approach to borrowing from the International Monetary Fund and offering government bonds
[You must be registered and logged in to see this link.]
He said in a press statement: "The total revenues in excess of what is fixed for the Iraqi oil selling price in the budget amounted to more than (7.7) billion dollars during the first six months of the current year, which is more than the amount of borrowing assumed by (3.7) billion dollars."
Tohme added: "The association of such loans with harsh conditions shackles the Iraqi economy and restricts its programs to produce steps that are harmful to the general Iraqi citizens and mortgage the economic decision in a strange and incompatible approach with the Iraqi situation, and examples of which are raising the exchange rate of the dollar."
He explained: "The serious approach to collecting non-oil federal revenues from its many sources (ports, mobile phone companies alone) will provide four times the amount that is supposed to be borrowed."
He stressed the need to take courageous national decisions on the subject of licensing oil rounds of the annual cost rate (15) trillion dinars, as well as the subject of the Kurdistan region contracts with foreign and unfair to companies Iraq and its economy will provide huge amounts of money GMT Nina from the policy of borrowing the wrong economic, political and social consequences.
With the same justifications above, Tohme said: "We reject what was announced by Finance Minister Ali Allawi that the government, in cooperation with the Central Bank of Iraq, will issue government bonds amounting to 1.5 trillion dinars, equivalent to approximately (1) billion dollars." / End 3[/rtl]