World Bank shows concern over the increasing pressure on the Iraqi budget

14/04/2014 10:29

Tomorrow's Press / Baghdad: expressed director of the Department of Middle East and Central Asia at the World Bank concern of increasing pressure on the Iraqi budget because of the high overhead and delay in approving the budget for the country so far.

The director of the Department of Middle East and Central Asia at the World Bank Masood Ahmed for "tomorrow's Press," said that "economic growth in Iraq has Thassanna considerably over the past two years, but the general budget of the country are suffering from increasing financial pressures as a result of the increasing volume of expenditure on the country's budget and delayed approval. "

He Ahmed said that "administrative expenses and public on the budget began to expand during 2013, causing the existence of a deficit of large budget year Almave and the current year 2014," pointing out that "in the absence of modification of such expenses will suffer a budget deficit larger than the default value to him now."

The Iraqi Minister of Finance purity of net debt is likely during the meetings of the IMF and World Bank cooperation with the World Bank for the implementation of a joint program provides financial liquidity to meet the shortfall in the budget of 2014.


http://alghadpress.com/ar/news/12467/البنك-الدولي-يبدي-قلقه-من-تزايد-الض