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3.5.2015
A member of the parliamentary finance: borrowing only solution for the government to reduce the budget deficit
Baghdad - in the parliamentary finance committee member said that the borrowing from the World Bank for the inevitable to reduce the deficit in the fiscal budget ratio.
And between Jabbar al-Abadi told all of Iraq [where] that "the government the option to resort to borrowing from the World Bank's inevitable because there is a decline in oil prices and the quantities of production, adding that he" does not have a front of the government but to borrow from the World Bank.
He explained that "it is not Easy borrowing as well as the existence of certain terms and benefits, but the result is better because it will reduce the proportion of Agr in the budget, adding that "Iraq is not bankrupt and can repay these loans.
With regard to the revenues of non-oil called Abadi government to activate especially with regard to the subject of electricity, taxes and customs, stressing "The government is seeking to increase revenue and multiple entrances even be able to make it clear that reliance on oil only.
Iraq has called on the World Bank to provide financial assistance to finance the budget by providing development loans, stressing the importance of focusing Bank projects on vital sectors such electricity generation Taqh.anthy
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A member of the parliamentary finance: borrowing only solution for the government to reduce the budget deficit
Baghdad - in the parliamentary finance committee member said that the borrowing from the World Bank for the inevitable to reduce the deficit in the fiscal budget ratio.
And between Jabbar al-Abadi told all of Iraq [where] that "the government the option to resort to borrowing from the World Bank's inevitable because there is a decline in oil prices and the quantities of production, adding that he" does not have a front of the government but to borrow from the World Bank.
He explained that "it is not Easy borrowing as well as the existence of certain terms and benefits, but the result is better because it will reduce the proportion of Agr in the budget, adding that "Iraq is not bankrupt and can repay these loans.
With regard to the revenues of non-oil called Abadi government to activate especially with regard to the subject of electricity, taxes and customs, stressing "The government is seeking to increase revenue and multiple entrances even be able to make it clear that reliance on oil only.
Iraq has called on the World Bank to provide financial assistance to finance the budget by providing development loans, stressing the importance of focusing Bank projects on vital sectors such electricity generation Taqh.anthy
[You must be registered and logged in to see this link.]
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