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Expert: the government's application for financial sustainability when resorting to external borrowing

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Rocky


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Expert: the government's application for financial sustainability when resorting to external borrowing




11/19/15

BAGHDAD / Sky Press: Private
Warned an expert in financial matters on behalf of Abdul Hadi, Thursday, to increase the shoulders of the state and the addition of the weight of the future on the Iraqi economy when borrowing borrowing from abroad, calling on the government to apply the fiscal sustainability in the event of recourse to external borrowing to bridge the budget deficit, as advised by relying on domestic borrowing at the availability of financial liquidity sufficient.
Said Abdul Hadi's "Sky Press," that "the options in front of fiscal policy in Iraq to fill the budget deficit is to resort to borrowing internal and external, both", adding that "external borrowing success depends on how important this borrowing is it an investment to be through financial returns covering the benefits of, or be borrowing to meet operating expenses of the state. "
He added that "the government in the application of the financial sustainability of the policy of no borrowing is aimed at investment and the formation of large financial returns from which to pay the benefits of the loan," noting that "if the go external loan to operational expenses Vsirtb on Iraq significant financial obligations and constitutes a heavy economic future ".
And financial expert advised the government to "resort to domestic borrowing in the event of the availability of financial liquidity sufficient because the cost is less and the ability of the government to his administration and periods of firefighters by a more flexible, as it deals with its citizens in addition to other benefits."
The Parliamentary Finance Committee confirmed earlier that the 2016 budget included a paragraph to resort to internal and external borrowing to pay off the deficit.

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