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Abadi economic adviser: foreign loans earmarked for development projects
Since 09/04/2016 13:03 pm (Baghdad time)
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Since 09/04/2016 13:03 pm (Baghdad time)
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Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, said Thursday that all the loans obtained by Iraq from abroad go to private industry, electricity and oil sector projects, while Iraq is likely out its current crisis and the recovery of its economy again.
Saleh said L / balance News /, that "there is a large deficit in the Iraqi general budget where it is equivalent to investment allocations of the budget for this year," noting that all the loans obtained by Iraq, especially foreign ones go to development projects and no Maivhb operational expenses. "
He added, "These loans go to agriculture, industry and the oil sector and electricity projects," explaining that "the loans went far goes to economic activity."
He guessed that "Iraq out of the current crisis and the recovery of its economy."
The deputy head of the economic and investment commission approved the parliamentary Harith al-Harthy, earlier, not to the government's desire to promote the Iraqi economy and the provision of adequate financial liquidity for banks affiliate, as he emphasized that foreign loans will be repaid through the generations each year. is over
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