Mazhar Muhammad Salih: The government has several means to fill the fiscal deficit
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Mazhar Muhammad Salih: The government has several means to fill the fiscal deficit
by RamblerNash on Fri Nov 27, 2020 10:35 pm
Friday 27, November 2020 09:36
Baghdad / NINA / Economic expert Mazhar Muhammad Salih affirmed that: The government possesses several means to fill the financial deficit through the internal financial markets in particular.
He told the Iraqi National News Agency ( NINA ) that: One of the means of closing the financial deficit is internal borrowing from the public directly with sovereign debt bonds that carry interest or a lucrative return.
Saleh added that: The public is the one who owns cash surpluses, especially cash or liquid hoardings, which are currently high, and they represent 83% of the monetary issuance of Iraq.
He explained that: The other internal source is the banks' deduction of the bonds and government transfers that they have accumulated as rights, which they possess after the government has loaned to fill the deficit.
Saleh added that: I do not mind that, provided that it does not lead to price inflation if it continues.
Two weeks ago, Parliament voted on the Financing the Fiscal Deficit / Borrowing Law, which has ended 3
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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