Parliamentary Finance: external borrowing tinkering with Annie and the failure of government policy economy


11/01/2017



counting the parliamentary finance committee member Ahmed Sarhan, Iraq continued borrowing of funds from abroad as " a confirmation of the government 's economic policy failures."


Ahmed told all of Iraq [where] that "Iraq continued to borrow from abroad reflects the failure of the government 's drive to activate other resources , " stressing that "Iraq does not have an economic policy clearly defined either in the short or long term."

He also stressed "that there is no real steps in how to deal with the economic situation and even the long term , " explaining that " the loans are tinkering Annie a result , Iraq 's financial implications are also affected by the coming generations."

Ahmed pointed out that the "confirmation of these loans on the Iraqi economic policy failures as well as he did not use for economic purposes and be productive would raise the economic level."

And between, that "Iraq is under debt that must be repaid and therefore these debts are pressure vessels of processors as a result of the fiscal deficit , " adding that " the main factor for the collapse of Iraq 's economy is due to two reasons : first , the drop in oil prices and persistent corruption."

The Iraqi government signed with the United States last Thursday an agreement to ensure a loan of one billion dollars.

The US embassy in Baghdad said , "This signing is the first step in the process that would allow Iraq to a greater opportunity to enter the international capital markets."

For its part reduced the parliamentary finance committee member Majda al - Tamimi, the significance of this loan , saying that " the Iraqi government signed a loan guarantee with the United States - billion - dollar agreement, it does not mean anything and does not deserve all this drumming and release it like a supernatural accomplishment."

Tamimi said " it was better for the government develop solutions to modify the wrong tracks that led to the collapse of the Iraqi economy and a waste of billions of dollars,

especially since there are thousands of files that have been Tochireha by regulators and others without the genuine will to hold accountable corrupt it becomes to talk about any step tampering forward unless The arrest decline and to develop solutions for its causes. "




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