The government agrees with the World Bank and the International Monetary Fund to borrow about $ 18 billion to close the budget deficit in 2017


 

 

Parliamentary Finance Committee revealed on Wednesday, the government ‘s agreement with theWorld Bank and the International Monetary Fund to borrow about $ 18 billion to bridge the fiscal deficit in the budget of 2017, noting that Iraq has not benefited from the increase in world oil prices because of the continuing financial and administrative corruption.

The committee member said Ahmed Sarhan Sarhan said ‘ the government agreed with the World Bank and the International Monetary Fund to borrow about $ 18 billion to fill the fiscal deficit in the current year ‘s budget.’

Sarhan added that ‘ the budget approved by parliament include an item of government borrowing by donors to bridge the fiscal deficit.’

He continued that “Iraq has not benefited from the increase in world oil prices because of the continuing financial and administrative corruption and disbursement of funds is thoughtful ‘.

http://www.ikhnews.com/index.php?page=article&id=154342

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