March 1, 2015, 10:45
Committee announced that the economy and investment representative, on Sunday that Iraq is not financially bankrupt, and that the government could borrow internally and externally to face financial distress.
Said committee member Nora Salem "The decline in the sale of oil prices certainly have had significant negative repercussions on the financial and economic situation of the country,
but this does not mean that Iraq is bankrupt and can not cope with such financial distress that can not be to call it a crisis."
"The government has directed ministries, departments, created by the need to reduce costs, which is opening the doors of the confrontation, while the Parliament was his role in the budget classification,
where he explained the steps taken by the government and the Finance Ministry on the issue of face hardship through borrowing that if internally through government banks and the World Bank Central, and externally through the World Bank and the International Monetary Fund,
and Iraq was his experiments with the two world wars the two institutions. "
She said, "The government has also tended to activate the private sector in a real and not just on paper and participation in large and medium-sized enterprises, so Under these actions can consider that Iraq is not bankrupt."
Referred to as the House of Representatives voted on the draft federal budget for 2015 Act, an amount exceeded 119 trillion dinars, and the net deficit of about 25 trillion dinars.
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