Expert: the amount of money frozen in Iraq 70 trillion dinars
Page 1 of 1
Expert: the amount of money frozen in Iraq 70 trillion dinars
Admin Tue Apr 22, 2014 9:54 am
04/22/2014
Financial expert confirms the presence of about 70 trillion Iraqi dinars as seed money frozen in banks and public and private institutions can be invested within the government's development projects.
In an interview with Radio Free Iraq, expert says the appearance of Mohammed Saleh, who served as deputy governor of the Iraqi Central Bank in the past that 30 trillion dinars of those funds are government banks gathered from surpluses of the budgets of previous years as a result of non-implementation of government institutions, the entire investment plans, as well as 40 trillion dinars Other in the form of deposits with institutions and civil Jkumah.
However, a member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri explains his part that the funds surplus budgets are not considered frozen, but it is money rounded to the government's favor, ruling that the funds surplus budgets, the impact on the Iraqi economy to the point of increasing the rate of inflation, the fact that money and bank deposits do not pumped into the local market.
To that, the economic expert Majid picture that the government resorted to the use of funds surpluses previous budgets, outside the framework of the budget as a result of the absence of the final accounts of the budgets of the public that the government must submit the end of each year, pointing out that a large percentage of that money disbursed advances to the staff of the state government has been unable to restore only a small part of them as a result of the economic problems that plagued Iraq and resolved in accordance with the decisions that he described as "improvised."
The Union of Arab Banks own earlier warned of the repercussions of the continued lack of funds to exploit surplus budgets on the Iraqi economy, calling on the Iraqi government to invest that money in resolving the economic problems, perhaps several of the most prominent of the housing crisis.
http://www.iraqhurr.org/content/article/25358115.html
Financial expert confirms the presence of about 70 trillion Iraqi dinars as seed money frozen in banks and public and private institutions can be invested within the government's development projects.
In an interview with Radio Free Iraq, expert says the appearance of Mohammed Saleh, who served as deputy governor of the Iraqi Central Bank in the past that 30 trillion dinars of those funds are government banks gathered from surpluses of the budgets of previous years as a result of non-implementation of government institutions, the entire investment plans, as well as 40 trillion dinars Other in the form of deposits with institutions and civil Jkumah.
However, a member of the Finance Committee in the House of Representatives Abdul-Hussein al-Yasiri explains his part that the funds surplus budgets are not considered frozen, but it is money rounded to the government's favor, ruling that the funds surplus budgets, the impact on the Iraqi economy to the point of increasing the rate of inflation, the fact that money and bank deposits do not pumped into the local market.
To that, the economic expert Majid picture that the government resorted to the use of funds surpluses previous budgets, outside the framework of the budget as a result of the absence of the final accounts of the budgets of the public that the government must submit the end of each year, pointing out that a large percentage of that money disbursed advances to the staff of the state government has been unable to restore only a small part of them as a result of the economic problems that plagued Iraq and resolved in accordance with the decisions that he described as "improvised."
The Union of Arab Banks own earlier warned of the repercussions of the continued lack of funds to exploit surplus budgets on the Iraqi economy, calling on the Iraqi government to invest that money in resolving the economic problems, perhaps several of the most prominent of the housing crisis.
http://www.iraqhurr.org/content/article/25358115.html
Admin- Admin
- Posts : 29357
Join date : 2012-04-30
Location : Arizona -
Similar topics» Al-Hamash: The amount of dormant inactive funds in Iraq is 60 billion dollars and 130 trillion dinars
» Parliamentary Finance intends to find out the amount of money frozen
» Issuing instructions for the amount regardless trillion dinars to stimulate the economy
» A huge batch of money will cover Iraq: the deficit disappears completely and 12 trillion dinars are surplus .. What does it mean for oil to cross the $ 70 barrier?
» International companies have been smuggled recovery of Iraq's money, compared with 10% of the amount
» Parliamentary Finance intends to find out the amount of money frozen
» Issuing instructions for the amount regardless trillion dinars to stimulate the economy
» A huge batch of money will cover Iraq: the deficit disappears completely and 12 trillion dinars are surplus .. What does it mean for oil to cross the $ 70 barrier?
» International companies have been smuggled recovery of Iraq's money, compared with 10% of the amount
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|