The parliamentary economy: The government spent $ 32 billion from the central bank to cover the war

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The parliamentary economy: The government spent $ 32 billion from the central bank to cover the war

Post  Admin on Fri Aug 11, 2017 12:38 pm



Economy News _ Baghdad

Najib Najib, a member of the Committee on Economy and Investment Najib Najib, Friday, that the government borrowed from the Central Bank of Iraq 32 billion dollars to cover the military needs in the war against "Daash," indicating that high oil prices and reliance on non-oil revenues will pay the government debt to the bank.

Najib said in an interview with the newspaper "Economy News" that "the financial crisis suffocating the country, as a result of the collapse of oil prices and drainage on the war against Daqash, make the government in a difficult situation and having to borrow money from the Central Bank," noting that " Has drawn from the central bank $ 32 billion to cover the state treasury bonds.

She added that "77 billion dollars, is the Iraqi reserve funds, but the consumption brought it down to 45," noting that "the improvement of oil prices and the arrival of the barrel to $ 50, and reduce expenditures, and the adoption of the policy of raising revenue through non-oil products, Reserve funds, which are considered funds belonging to Iraqis. "

http://economy-news.net/content.php?id=8680

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