He warned the parliamentary finance committee member Ahmed Sarhan, from the country's vulnerability to disaster and comprehensive economic collapse, as a result of lower oil prices and the war on Daash. Said Sarhan told all of Iraq [where], that "Iraq is on the verge of economic disaster, economic collapse and destruction as a result of the lack of studies in line with lower oil prices, thus including the right of the Iraqi economy can not bear since the fall of the former regime in 2003". The Sarhan, the need to "move on rich nations and the International Monetary Fund and all the regional and international levels in order to save the country from economic decline, as the war on Daash, and the crisis of displaced people, burdened economy, oil prices have led to what led to him now," pointing out that "The Iraqi government must move quickly toward these countries."
He added that "the recovery of Iraq's economic, be through borrowing and this is what charted the budget law for 2015, which gave the Minister of Finance to borrow from the International Monetary Fund, the World Bank, and the issuance of internal and external bonds," adding that "this is the way to reviving the economy. Otherwise, Iraq In the aftermath of the price of oil will pass economic disaster without precedent. "
The world oil prices may have seen in the past three days, a significant decrease was the lowest in six years.
Iraqi state and relies on building the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25%, prompting the government to put up Treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit with the continuing drop in prices.
The central bank announced on 26 July, his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, based on the decision of the crisis cell headed by Prime Minister Haider al-Abadi, issued on 15 July, and the judge to "start issuing remittances treasury during the remaining months of this year and launch national bonds to the public and the government guarantees the benefits and appropriate, in order to strengthen the financial position and activating the economy and development movement in the country. "
The little, borrowed in Iraq last June, $ 833 million from the International Monetary Fund, and the European Union to Iraq provided financial grant of 27 million euros.
According to statistics of the interview [where] based on official data from the Ministry of Oil Federal that Iraq's imports of crude oil exports -abbar [SOMO] Aloutnah- in the first seven months of the year 2015 amounted to only $ 30 billion, despite export more than half a billion barrels of crude During the same Afattrh.anthy 2 SOURCE
The world oil prices may have seen in the past three days, a significant decrease was the lowest in six years.
Iraqi state and relies on building the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25%, prompting the government to put up Treasury bonds worth $ 6 billion and borrowing from the International Monetary Fund about $ 1.2 billion, an attempt to reduce this deficit with the continuing drop in prices.
The central bank announced on 26 July, his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, based on the decision of the crisis cell headed by Prime Minister Haider al-Abadi, issued on 15 July, and the judge to "start issuing remittances treasury during the remaining months of this year and launch national bonds to the public and the government guarantees the benefits and appropriate, in order to strengthen the financial position and activating the economy and development movement in the country. "
The little, borrowed in Iraq last June, $ 833 million from the International Monetary Fund, and the European Union to Iraq provided financial grant of 27 million euros.
According to statistics of the interview [where] based on official data from the Ministry of Oil Federal that Iraq's imports of crude oil exports -abbar [SOMO] Aloutnah- in the first seven months of the year 2015 amounted to only $ 30 billion, despite export more than half a billion barrels of crude During the same Afattrh.anthy 2 SOURCE