– November 4, 2015
BAGHDAD - just Kazem
Parliamentary Finance Committee called on the government to borrow from the citizens to avoid paying high interest to the global community, noting that the World Bank on condition of raising domestic fuel subsidies and the abolition of ration and increase the collection of services compared to lend Iraq $ 300 million and an interest rate of 11.5 percent, stressing that year's budget next confined grades of Interior and Defense ministries of health only.
Said committee member Majda al-Tamimi (time) yesterday that (on the government to stop foreign borrowing, which costs the next lot of money budgets Iraq and hit it full of helplessness and direction to internal borrowing as Egypt did in the establishment of the second Suez Canal and that borrowing from citizens Kalamwal real property and valuables such as gold On the other hand, jewelry and obliges the state to pay good benefits or involvement in strategic projects to give them financial shares to ensure their rights and therefore, this process provides benefits for both parties and the government of the people, rather than give it to the global community and harsh conditions). She said (most citizens have moved during the economic crisis to save their money and precious possessions in their homes after being pulled from the banks and banks for fear of loss and this is creating a confidence gap between the government and the citizen and the state to find the necessary means to pay people to bring their money to banks, banks and lending to the state in order to resolve the crisis internally). She said al-Tamimi said (the reputation of the financial state has become universally bad, because most countries lending to the Ministry of Finance delegation refused even that the delegation Atjhh to the World Bank to borrow the amount of six billion dollars, but he lend Iraq rejected this amount and expressed his willingness to give Iraq three hundred million dollars at an interest rate of 11, and 5 percent believe conditions Aah amount to him, which is that the Iraqi government to lift subsidies on domestic fuel and the abolition of ration and raise the amount of collection services in order to return the money to the bank as soon as possible). She Tamimi that the (draft 2016 budget amounted to the Presidency of the Parliament and will be presented to the Finance Committee on Thursday for the purpose of discussion), asserting that (financial and economic committees agreed that the total amount of the budget should be reduced and that the repeal paragraph external borrowing them and reduce the amount of total spending The investment budget). Pointing out that (the total amount of the budget amounted to about 107 trillion dinars deficit 23 trillion dinars and the price of a barrel of oil the default $ 45 and with a capacity of three million barrels per day and that the grades will be virtually non-existent and be the preserve of the three ministries only an interior, defense and health due to a surplus in Most of the ministries where vacancies are authorized to transfer functional processing and settlement). The Al-Tamimi has confirmed in a statement yesterday that (the budget the House of Representatives and a number of ministries and the budget of the judiciary and reached to the Finance Committee for discussion). And he followed it (will chair the Committee on the Elimination budget) .mbanh he (will be read first reading after referral to the Commission next week).
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