Parliamentary Finance criticizes the government had resorted to external borrowing

06/12/2016


BAGHDAD / JD / .. the parliamentary finance committee criticized the government for resorting to external borrowing to bridge the fiscal deficit, confirming the existence of sufficient cash flow to meet the expenses of the state until the end of this year.

He said committee member MP Magda Tamimi told / KD / there floundering evident in the distribution of the money in the state administration, causing wasting billions, stressing that Iraq had cash flow is sufficient to meet the financial expenses until the end of the year, so there is no need for loans.



She said the government is continuing external and internal borrowings and this will increase the burden on the state on the grounds that Iraq is obliged to repay those loans in the event of non-payment to increase in value.

The International Monetary Fund announced its intention to lend Iraq $ 16 billion, of which three billion to the Kurdistan region to fill the state budget deficit. Ended / 8 /

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