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Parliamentary Finance: Foreign loans are free from profit and investment will not solve the crisis

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Rocky


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Parliamentary Finance: Foreign loans are free from profit and investment will not solve the crisis




11.11.2015

He said the parliamentary finance committee member Abdul Qader Mohammed, Wednesday, Foreign loans are not experiencing investment real profit to help Iraq to solve the financial crisis that is going through, stressing the need for non-compliance with foreign loans and take new mechanisms to bridge the budget deficit and not to hold the traditional budgets.
He said Mohammed's / scales News /, that "external borrowing weigh the financial and economic withers of the country", adding that "not in the interest of the country to borrow from abroad but Mjburalleha".
He added, "The foreign loans are supposed to be for investment until Iraq is able to pay the loans issued by the profit from that investment," stressing that "no where foreign loans and investment real profit."
He called MP Abdul Qader Mohammed government, to "non-compliance with foreign loans and take new mechanisms to bridge the budget deficit and not to hold the traditional budgets."
The "Committee for Economy and Investment parliamentary member Harith al-Harthy emphasized, earlier, there was no need for foreign loans if the implant or the burial of radioactive materials in Iraqi territory, as called for the use of the style of austerity and take advantage of religious tourism resources to cover the shortfall." It ended 29 quarters e

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