Parliamentary Finance reveal borrow money from the bank and the International Monetary bridge the budget deficit

Date: 16/01/2015 12:11


Information / Baghdad / ..
Parliamentary Finance Committee revealed, on Friday, for borrowing money from the World Bank and cash to address the shortfall in the draft federal budget law of the country for the current year.

Said committee member Najiba Najib told / information /, "The 2015 budget passed in the House of Representatives is the message of reassurance to the Iraqi people," asserting that "the adoption of the budget with its own problems better than traceable to the Council of Ministers and not to vote for them."

"The big challenge facing the budget due to the continued decline in global oil prices is to challenge everyone," indicating that "the vote on the 2015 budget means authorize the government in the face of falling oil prices by borrowing money or find effective solutions to address the deficit."

Najib explained that "the payment of the shortfall in the 2015 budget will be through borrowing from the International Monetary Fund and the World Bank or a number of other financial measures."


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