Keywords: public expenditure did not contribute to the expansion of the productive base and did not achieve any developing economy

by **Ponee** Sat Aug 08, 2015 9:07 pm

Keywords: public expenditure did not contribute to the expansion of the productive base and did not achieve any developing economy

Saturday 8 August 2015 11:02

Alsumaria News / Baghdad
confirmed the Governor of the Central Bank on the Keywords, Saturday, that the public expenditure did not contribute to the expansion of the productive base and did not achieve any development of the Iraqi economy, as explained that without the work done by the Bank saw Iraq financially difficult situation, he noted bond issue worth five billions of dollars to be sold on credit in favor of the Ministry of Finance.Keywords and said in a conference declaration and discuss the release mechanism loans for industrial and agricultural real estate for banks, which was held in HotelIshtar Sheraton Baghdad, attended by Alsumaria News , that "despite the fact that the country has great opportunities from human materials and expertise, but is unable to convert This overhead into a productive economy able to develop the Iraqi economy, "noting that" those expenses did not contribute to the expansion of the productive base and did not achieve any developing economy. "

Keywords He pointed out that "the Bank oldest on the allocation of money to invest, including the five trillion dinars investment to correct economic growth in Iraq." He Keywords that "the Bank contributed directly injected 3 trillion dinars in the form of bonds and loans," noting that "not for this work done by the Bank witnessed financially difficult situation in Iraq. " He added that "it was also lend to small businesses that have been allocated trillion dinars," noting that "the bank issued bonds worth $ 5 billion to be sold on credit in favor of the Ministry of Finance."

He stressed that "the bank would launch a national bond rate 5 trillion dinars to citizens and on credit, "pointing out that" trying to compensate for the lack of liquidity in the markets by the activities carried out. " and predicted the Ministry of Planning, Saturday (August 1, 2015), low economic growth in Iraq to 1%, noting that the the decline in oil prices had a negative impact on the economy, as demanded reconsideration of projects and prioritization of them. It is said that Oil Minister Adel Abdul-Mahdi confirmed on Tuesday (April 21, 2015), that the Iraqi economy subjected to the laws of unfair turned to the economy Rei, while noting The ministry was quick to provide appropriate ground to keep up with increased oil production.

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