Parliamentary Finance: Iraq does not need to follow the correct loans if fiscal policy

SM Ace / newspaper integrity / faith Qasim - A member of the parliamentary finance committee Faleh force Tuesday that "Iraq will not need to follow the international loans if financial and economic policy is correct."

He said in a statement to the applicable (uprightness newspaper) that "Iraq is developing a plan for the budget, acceptable and economically sensitive security situation and service and I think he does not need a loan if it sought to reduce unnecessary expenditure."

He continued that "there is a government operating expenses as possible cancel somewhat or squeeze it, commitment and a clear financial policy and the adoption of laws and regulations contribute to supplement the budget with additional resources and to consider economic into public companies and contribute, and that is a big burden on the state through privatization or put to market." .

"If we move in the same current economic policy and the same budgets and at the same budget preparation mechanism, namely, (banks' balance), and that Iraq is still sticking out we think need large loans if we stayed on this case, Iraq will enter into debt and loans will threaten the economic future."

He explained: "If Iraq exceeded large financial burden during this year I think he can achieve sufficient and does not need international loans to increase the burden."

He called on the government to force that seeks to change the old style of economic laws and put more resources and revenue and benefit from the private sector, and the trend to the Iraqi agricultural sector and the privatization of some sectors that suffer losses in the past years ".


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