The government resorted to foreign reserves to cover the deficit in the budget

January 13, 2016 10:59

The government said, in a note to the International Monetary Fund on Tuesday, it plans to finance the deficit in the balance of payments of withdrawal from Iraq, including foreign reserves will make it go down to $ 43 billion in 2016 from 59 billion last October end.

She said the government, under a program approved by the IMF as a precondition for the loan, it is expected that the balance of payments deficit of $ 14 billion in 2015, before shrinking to $ 11 billion in 2016.

Iraq estimated that GDP will grow by 1.5 percent in 2015 and 10.6 percent in 2016 to increase its production of oil.

While falling oil prices will lead to a budget deficit of 15 percent of GDP in 2015 and a deficit of 10 percent in 2016.

http://burathanews.com/news/284116.html

Iraq plans to finance the budget drawing on foreign reserves deficit

BAGHDAD, Iraq Press January -13: Iraq said in a memorandum to the International Monetary Fund for he plans to finance the deficit in its budget for the payments by drawing on foreign reserves, including make it go down to $ 43 billion in 2016 from 59 billion at the end of October last.

The Iraqi government said under the program approved by the IMF as a precondition for the loan that is expected to reach a balance of payments deficit of $ 14 billion in 2015 to shrink to $ 11 billion in 2016.

Iraq estimated that gross domestic product will grow by 1.5% in 2015 and 10.6% in 2016 while increasing its production of oil while will fall in oil prices to a budget deficit of 15% of GDP in 2015 and a deficit of 10% in 2016 .anthy (1)

http://www.iraqpressagency.com/?p=180668&lang=ar