09/10/201120 trillion dinars to support the improvement of grades and salaries of employees and retirees
Seven billion IMF loan to strengthen the budget 2012
BAGHDAD - Wafa Amer
Revealed the CBI for two-thirds of the increase is expected to occur on the budget next year, will be allocated to increase the salaries of employees and retirees as well as increase the number of grades, as was revealed that the International Monetary Fund will support This budget is a soft loan estimated at seven billion dollars.
The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in a statement the "morning", the roof of the amount of budget year 2012 of about 130 trillion dinars, subject to increase or decrease according to the decisions of the Council of Ministers and the Parliament, noting that there is an increase estimated at 30 trillion dinars for the budget year, which reached 97 trillion dinars, indicating that two-thirds of this increase will be directed to support the grades and better salaries as well as increasing the salaries of retirees.
and said Saleh said that Iraq had signed a loan agreement backing with the International Monetary Fund in February of 2010 include the provision of support to him to raise the balance of payments and improve its economic situation and reform its financial system, pointing out that the fund made in the light of this Convention, a soft loan to Iraq, worth close to seven billion dollars in an interest rate not to exceed one percent to pay within five years.
He noted that the bank grants The government earlier this year, $ 1.5 billion of that loan to support the budget year 2011, while the remaining amount will be delivered during the next year to add to the budget and support aspects of the investment.
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