Parliamentary Finance: Government leave foreign loans option to fill budget deficit

Since 11.23.2015 at 12:06 (GMT Baghdad)

Special - scales News

Detection of the parliamentary finance committee member Abdul Qader Mohammed, Monday, for the state not to resort to external borrowing and reliance on internal loans only, as he emphasized that these loans are not used in investment and work on the prosperity of the country, making it constitutes a significant financial burden on the country.

He said Mohammed's / scales News /, that "foreign loans affect the private State in light of the financial and economic conditions experienced by Iraq," revealing "that the state will not resort to foreign loans for the time being and will be channeled to their reliance on internal loans."

He added, "The foreign loans can be used to invest in Iraq, but the development of these loans are not used for investments, which constitute a significant burden on the country's economy," stressing that "it is difficult for Iraq to resort again to these loans."

The decision of the parliamentary finance committee Hama Ahmed said, earlier, that the foreign loans are deferred tax on Iraq, which is unnecessary and $ 80 billion, stressing the need to go to rely on different sectors to increase revenue Alarac.anthy 29/4 e


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