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Higher loan to $ 15 billion
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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Higher loan to $ 15 billion
BAGHDAD / Center Brief National NNC- said the parliamentary finance committee member Masood Haider, said that Iraq's internal and external loans rose from nearly $ 10 billion in the budget of 2016, to $ 15 billion in the 2017 budget.
He said Haider, in a press statement that "Iraq in the current year's budget borrowed internally and externally nearly $ 10 billion, but he came back this year in the pace of progressive condition borrowing of up to $ 15 billion in the next year," pointing out that "these loans will be for the purposes of ages and armament and some of the necessary projects. "
He pointed out that "donors for loans in the next year's budget is as in the following (500) million dollars from Japan, and 800 million dollars from the IDB, the billion and a half of JICA, and (600) million (KFW), Germany, and (160) million from Italy and $ 500 million from the World Bank, and $ 500 million from Sweden, and (2.7) billion dollars from America; to finance the Department of defense, and (4.7) billion other external and internal loans of $ did not say which agencies would lend Iraq, as well as other loans, "pointing out that" the Kurdistan region is not covered by these loans completely. "
And that "oil revenues in next year's budget amounted to 67 trillion dinars, and non-oil revenues generated from fees and collection and tax and customs amounted to 11.6 trillion dinars."
He said in the parliamentary finance committee member, said that the actual expenditures of the state not to exceed 70 trillion dinars, according to the data we collect for the current year.
The government has allocated in the federal budget for the next year 500 billion Iraqi dinars for the reconstruction of the cities destroyed by Daesh a result of liberalization of Daesh cities and military actions against terrorism.
He said the parliamentary Finance Committee member Jabbar al-Abadi, earlier, said that next year's budget free from the investment side, but it includes 25 trillion dinars restricted as an investment, but to meet the debts of companies operating in Iraq.
And proceeded to the House of Representatives, earlier, by reading the draft federal budget law for next year, after receiving them from the cabinet.
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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