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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Three paths to cover the fiscal deficit

    Rocky
    Rocky
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    Posts : 273681
    Join date : 2012-12-21

    Three paths to cover the fiscal deficit Empty Three paths to cover the fiscal deficit

    Post by Rocky Fri 22 Aug 2014, 5:10 pm

    Three paths to cover the fiscal deficit
     
     
             

    8/23/2014 0:00 
    Finance and Planning Tatmdanha 
    Baghdad - the joy of pumice 
    with expectations parliamentary doubling of the fiscal deficit planned for the current year because of the security conditions, and developed by the ministries of finance and planning three tracks to be covered and to minimize its impact on the Moatunain.oualemsarat three, according to the latest version of the budget, which he repeated the House of Representatives to the government include: «First : that is to cover the deficit of cash retained in the Development Fund for Iraq, DFI, and internal and external borrowing, Second: authorize the Federal Minister of Finance the power to continue to borrow from the International Monetary Fund, including the amount of supplements (4.5) billion dollars, including the World Bank and complements the amount of two billion dollars and using SDRs up to SDR (1.[You must be registered and logged in to see this image.] billion dollars, as well as domestic borrowing by remittances and treasury bonds, while providing the third track on the authorization of the Ministry of Finance and the Central Bank of Iraq to borrow the amount of half a billion dollars from the Islamic Development Bank. " 
    and knows SDR (SDR private) as a reserve asset international developed by the International Monetary Fund in 1969 to become a complement to the assets of the official country-specific members, and is determined by the value of the asset based on a basket of four currencies of major international, and that can be traded in any of the currencies negotiable free. 
    According to informed sources, the version recent budget confirms the rationalization of consumption after doubling the financial allocations for the security forces in the fight against terrorism, support for the displaced. 
    , for its part, announced that a member of the House of Representatives Magda Abdel-Latif al-Tamimi said the amount of the deficit in the budget of 2014 to the end of the year will reach almost 87 trillion dinars. 
    said Tamimi, in a statement received »Sabah» copy of it: that «the ratio of the fiscal deficit in the budget of 2014 will be more of the scheme, which had been expected to be 32 trillion dinars», pointing out that the accounts that have been discussed with the low rate of exports from 3.400 to 2.2, the deficit could be increased by 87 trillion dinars to the end of the year and an increase of almost is 55 trillion dinars for the planned deficit. 
    showed al-Tamimi, the deficit this year will be the unintended but real, hinting that Iraq probably will be forced to issue money orders and treasury bonds, meaning there is internal borrowing, and if he had, it could resort to external borrowing. 
    Tamimi and reassured citizens and employees and retirees that the monthly salaries will be spent in a timely manner, even in the hot spots and there are no effects on them.
     


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