November 16, 2015 0
Said the parliamentary finance committee member Sarhan Ahmed, on Monday, that the continuation of the financial crisis depends on the serious steps and positive that should be taken by the government by not restoring the looted money, while noting that borrow from the World Bank's fund and the issuance of internal and external bonds, which will reduce From contained the budget deficit in 2016 size.
Ahmed said in a press statement that "the financial crisis plaguing the country and slaughtered body of the Iraqi state," attributing the cause to "The oil prices have fallen to a level below the required", stressing that "the Iraqi economy is heavily influenced by, which led to the arrival of Iraq into what it is now." .
He added, "The continuing financial crisis depends on the serious and positive steps that must be taken by the government by not looted funds and accounting, which they wasting money restored," stressing that "this crisis will continue if they are not to take action against the real culprit in it."
He noted that "there are some steps that must be taken by the Finance Minister, Hoshyar Zebari, for the powers granted to him under the budget, including borrowing from the World Bank and Islamic banks Fund Act and the issuance of internal and external bonds, which would reduce the incoming deficit in the budget that in 2016 the volume."
"That said economic expert on behalf of Antoine, the federal government has made borrowing only way to bridge the fiscal deficit for next year."
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