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Parliament's financial / balance of News /: The government would seek to reduce spending to meet the 2016 budget deficit

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Parliament's financial / balance of News /: The government would seek to reduce spending to meet the 2016 budget deficit




08/11/2015

Stressed the parliamentary finance committee member Abdul-Jabbar, Abdul Khaliq, said on Sunday that the government move towards retrenchment as far as possible as well as external borrowing to cover the deficit in the fiscal budget for next year.
Said Abdul Khaliq's / scales News /, "The House of Representatives authorized the finance minister, Hoshyar Zebari, to resort to borrowing from the World Bank and the International Monetary Fund to cover the deficit in the federal budget for the year 2016," noting that "external borrowing from the World Bank and the IMF and international banks of the most important The basic steps to bridge the budget deficit. "
The member of the parliamentary finance committee, said that "the government will move towards the pressure of government expenditures as much as possible to contribute to meet the budget deficit in 2016".
The "parliamentary finance committee member Abdul Qader Mohammed revealed to / scales News /, last Sunday, the Iraqi government's refusal to loans provided by private sector companies is estimated at one billion and a half billion dollars to request high interest rates."
It is said that "the parliamentary finance committee attributed the L / scales News /, earlier, the late arrival of the financial budget for 2016 to Parliament to request the government sent after the completion of the meeting of the Ministry of Finance with the World Bank to cover the deficit" .anthy 29/28

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