Abadi adviser recommends increased cash Released

by **Rocky** Sun 17 Jan 2016, 7:04 am

Rocky: Admin Assist; Posts : 280492
Join date : 2012-12-21

Post n°1

Abadi adviser recommends increased cash Released

by Rocky Sun 17 Jan 2016, 7:04 am

[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]

BAGHDAD / Obelisk: recommended adviser Prime Minister Abdul Hussein Al-Anbuge, Sunday, an increase of cash to support the release of government spending, as called for the need to move away from external borrowing, he noted that the state is able to cover the salaries of employees during the current year.
He said Anbuge told I followed 'Obelisk', that 'the government has several options to diversify private sources with low oil prices, including', adding that 'direct debit from the central bank, which currently stands at $ 58 billion reserve is not preferred although it covers the supply ofmoney twice '.
He added that Al-Anbuge 'the government could increase the issuance of new cash by the central bank', noting that 'monetary issuance would be better to withdraw from the reserve where it would be possible that this version is used to support government spending'.
He called Anbuge government B'adm seeking to borrow outside, especially considering that the borrowing will be for consumption purposes purely such as salaries and the purchase of weapons, a non-profitable, while should be directed this borrowing for investment projects are utilized to reduce dependence on imported fill the local need '.
Anbuge stressed that 'the state is able to cover the salaries of employees during the current year, but the effects of the drop in oil prices will have implications for development and GDP rates'.
Iraqi state is suffering at the present time of great challenges as a result of the drop in oil prices to below $ 30 per barrel while trying to staff and investment projects salaries believes they are trying to also provide sufficient arms to fight al Daash, which took over some land.

[You must be registered and logged in to see this link.]