Representative Finance: The borrowing to secure salaries will be internal 10/28/2020
Information / Special ...
The Parliamentary Finance Committee confirmed, on Wednesday, that borrowing will be internally from government banks and the Central Bank, attributing the matter to the presence of foreign debts on Iraq and its inability to borrow.
A member of the Parliamentary Finance Committee, Jamal Joker, told / information / the committee hosted today the advanced cadre at the Ministry of Finance, including the minister, to view the details of the loan amount and the actual disbursement doors for those required numbers.
He added that "after its amendment, Parliament will proceed to approve the law on the loan, but with an internal loan," noting that "the approval will be preceded by an inquiry from government banks and the Central Bank of Iraq, the possibility of borrowing and securing those sums or not."
Cougar explained that " Iraq cannot borrow abroad because it has large debts, which will push it to internal borrowing."