The government planned to borrow $ 15 billion to close the budget deficit
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The government planned to borrow $ 15 billion to close the budget deficit
Admin Thu Dec 29, 2016 6:34 am
Parliamentary Finance Committee revealed, on Thursday, for the determination of the government to resort to external borrowing and the procedure for the payment of the budget deficit in the next year, noting that the loans needed to the House vote as issues that affect the country's sovereignty.
He said the Commission decision of Hama Ahmed in a press statement, said that "the government will resort to external and internal loans to pay off the budget deficit in the next year, amounting to about $ 15 billion."
He added that "the budget deficit in all countries plugging through the issuance of a new currency, or rely on the money retained in previous years, or to resort to external and internal loans and this is what will happen in the coming months. \"
Hama said that "the loans and terms of borrowing and the size and the mechanism is discussed in the House of Representatives for a vote as a sovereign issues."
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He said the Commission decision of Hama Ahmed in a press statement, said that "the government will resort to external and internal loans to pay off the budget deficit in the next year, amounting to about $ 15 billion."
He added that "the budget deficit in all countries plugging through the issuance of a new currency, or rely on the money retained in previous years, or to resort to external and internal loans and this is what will happen in the coming months. \"
Hama said that "the loans and terms of borrowing and the size and the mechanism is discussed in the House of Representatives for a vote as a sovereign issues."
mm
Content link
http://economy-news.net/content.php?id=6286
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