************* Special / Iraqi government is seeking to convert to oil licensing partnership contracts instead of fixed and deterministic

BAGHDAD - Iraq Press - February 26: A senior source revealed on Thursday that the government is seeking to transform the current oil companies licensing contracts from fixed and definite to partnership.

A member of the parliamentary finance committee, Jabbar Sharif, L / Iraq Press / "The Ministry of Finance held a few days before an expanded meeting included the Finance Committee in the House of Representatives and the central bank managers and a number of banks to discuss ways to finance the budget deficit and things were raised at the meeting include the transfer companies current oil licensing contracts from fixed to the partnership, "pointing out that" there is a tendency for the government to postpone the long-term soft loans to bridge the budget deficit. "

He said Sharif, "The meeting discussed the financial liquidity crisis and rationalization of expenditure and ways fiscal deficit financing and the completion of obtaining loans from domestic banks and measures", denying at the same time "to seek external borrowing after a plan to cover the deficit from his internal".

He stressed that "the government will go to domestic borrowing to meet the projected deficit to 23 trillion dinars by reducing the cash reserve in a bank Rafidain and Rasheed, which will provide $ 6 billion loan and Commercial Bank of up to $ 3 billion as well as the entitlements of Treasury bonds and recycled from last year."

A ring that "disagreement within the Council of Ministers on external borrowing." Admiral ended

For its part, the government revealed its intention to borrow from the central bank and the Rafidain and Rasheed, the World Bank and the Fund for International Development to address the budget deficit in 2015.

 He said the economic advisor to the government the appearance of Mohammed Saleh / Iraq Press / "The government plans to borrow from the World Bank and the Fund for International Development and internal borrowing approved in the budget law by the Iraqi Central Bank to purchase worth six trillion dinars of Treasury bills and money orders and borrow nearly five trillion other dinars from the bank Rafidain and Rasheed. "Adding that" borrowing will contribute to reducing the deficit through the provision of central bank for a package of liquidity to as well as budget support dramatically and enable banks to withdraw internal remittances ".


http://www.iraqpressagency.com/ar/2015/02/26/خاص-الحكومة-العراقية-تسعى-لتحويل-التر