#######This piece is on the Budget!

25.5 billion dinars of foreign debt converted to an unknown destination


12/02/2012



BAGHDAD / JD / .. Economic Commission revealed allocation of 25.5 billion dinars within the budget of the external debt for the transformation to an unknown destination.

The committee member said the MP for the Iraqi List, Nora البجاري / JD /: that there are some observations on the budget law, including the introduction of some paragraphs under other expenses or other external debt without identifying those that disposal of these amounts.

She explained: Under Table (5) in the budget, which shows estimates the benefits from foreign loans and issues treasury transfers public and bilateral agreements for the year 2013 / comparison / 2012, were separated all the boxes as payment for external debt, including loans that the World Bank and the IMF and the Paris Club The bond debt of the private sector, but also contained a paragraph other external debt (I do not know why not call it) is $ 25,679 billion dinars, and the Ministry of Finance did not indicate who will transform them money.

It is worth mentioning that the parliament seeks to repay foreign debt owed by Iraq, and to reduce benefits by allocating amounts identified

Nora said البجاري member of the Economic Committee Barlmanahfa previous press statements "The balance of 2013 included a paragraph is to allocate the amount to pay part of the foreign debt, and select billion and $ 445 million, representing 1% of the budget."

She explained: The Paris Club debt was $ 142 billion previously been deleted 80% of them, and the remaining 20%, pointing out that this debt every year getting their benefits, so we want to end debt position on Iraq. "

The البجاري pointed out that the interest on the debt Tkplna large sums every year since the nineties and even now must work to repay to the fullest extent possible. "

The MP added that it has been allocated $ 500 million in the budget of 2013 to settle the issue of Iraqi Airways with Kuwait, in addition to the Kuwaiti debt owed by Iraq as a result of the invasion in 1991 and a budget of up to 5%, equivalent to $ 5.5 billion.

The MP, our debt as much as 8.174 million dollars will be paid in installments and represents the value of the benefits of debt that Ostlvha Iraq from the World Bank to finance the budget deficit 2010, noting that Parliament refused to government borrows from the World Bank for the current year budget and next, filling the gaps of the amounts that we have .

The debt drew البجاري to be paid an estimated $ 8 million to the International Monetary Fund (IMF) about the benefits of loans financing the deficit for the year 2010.

Reported that Iraq also paid 6 million and $ 250 thousand for the benefits of foreign loans from European countries and other countries.

And followed البجاري as Iraq working to extinguish the debt of the private sector abroad, which amounts to $ 189 million. / End / 11 N /



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