Wednesday, October 12, 2011Economic adviser suggests that Iraq borrow from the IMF to meet its budget deficit financial
I propose an economic advisor in the Prime Minister Hussein Anbuge that "Iraq borrow from the IMF to address the shortfall in the current budget, which may range between [10-12] trillion dinars," adding it was "soft loans and cover the deficit going forward."
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He Anbuge told all of Iraq [where] the day Wednesday that he "should cover this deficit through equity in the distribution of financial allocations for investment projects and development by the ministries."
He said that "in the absence of equity in the allocations, there will be a huge waste of money which is a deficit, and if turning into a real deficit, it must be covered from sources other than regular financing such as loans to foreign and domestic."
The government had granted the Finance Minister Rafie al-Issawi power to borrow $ 4.5billion dollars from the International Monetary Fund, and two billion dollars from the World Bank.
The Ministry of Planning has unveiled on 26 / September all the features of the federal budget for next year which will be between $ 112 and $ 120 billion, confirming that the Ministry of Construction and Housing was ranked third in the budget allocations for investment after oil and electricity as allocated trillion and 200 billion dinars. Is over 13
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