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Finance: New talks to borrow without significant benefits
October 14, 2015 In: economy
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The Ministry of Finance began, new talks to borrow from international financial bodies, noting that the talks aimed at getting financial loans a few of the benefits.
He said Undersecretary Fadel prophet's (IMN), "The Minister of Finance Hocheaz Zebari asked to wait for the time being to issue foreign bonds because of the higher interest rate, while the situation in Iraq improves physical then cut interest rates."
Prophet said that "the ministry is currently in talks via other channels external borrowing rates have little benefit," adding that "discussions are still ongoing and when a deal will announce the details."
Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).
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October 14, 2015 In: economy
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - The Ministry of Finance began, new talks to borrow from international financial bodies, noting that the talks aimed at getting financial loans a few of the benefits.
He said Undersecretary Fadel prophet's (IMN), "The Minister of Finance Hocheaz Zebari asked to wait for the time being to issue foreign bonds because of the higher interest rate, while the situation in Iraq improves physical then cut interest rates."
Prophet said that "the ministry is currently in talks via other channels external borrowing rates have little benefit," adding that "discussions are still ongoing and when a deal will announce the details."
Predicted Iraq's draft budget for next year in 2016, a deficit of 29.4 trillion dinars (25.81 billion dollars), which proposed the budget size of 113.5 trillion Iraqi dinars (99.65 billion dollars).
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