Abadi Office: government borrowing 11 trillion dinars from the central bank can address the budget deficit in 2015

02/20/2015 14:55



Counting the Information Office of the Prime Minister, Haider al-Abadi, on Friday, to borrow nearly 11 trillion dinars from the Central Bank and the Rafidain and Rasheed, can be treated with balancing the current 2015 deficit, while expressed optimism that contribute to the high price of oil to world markets by reducing the deficit.

A spokesman for the office, Saad al-Sabri, in a statement received "time", a copy of which, "The domestic borrowing was approved in the current 2015 budget law, through the Central Bank of Iraq to purchase worth six trillion dinars of Treasury bills and money orders," returned to That "is a borrow-lined process."

The newborn, that "the government would borrow nearly five trillion dinars from other bank Rafidain and Rasheed, according to the approved budget also," adding that "it can address part of the current fiscal deficit."

He explained a spokesman for the Information Office of the slaves, that the "precautionary measures put in the budget, while the price of a barrel of oil is expected about fifty dollars," adding, "but that the price rose to between $ 60 to $ 65 a barrel and is expected to continue climbing in the coming weeks, what contributes reduce the current budget deficit of 25 trillion dinars. "


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