Zebari: studying the issuance of a loan to cover the budget deficit and the agreement Baghdad and Erbil will not collapse despite

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Finance Minister Hoshyar Zebari said in an exclusive interview with the (agency Range) imaging (Mahmoud Raouf)

Zebari: studying the issuance of a loan to cover the budget deficit and the agreement Baghdad and Erbil will not collapse despite the crisis of confidence bonds

 

Author: HAA, RS 
Editor: BK, RS 03/03/2015 19:52 Number of Views: 36 

 

 

 

Long-Presse / Baghdad

Finance Minister, Hoshyar Zebari, said on Tuesday that Iraq is considering several options to overcome the fiscal deficit, which is currently suffering from, including borrowing from government banks issuing the issuance of six billion dollars worth of loans, bonds, in agreement with international banks, while the new Baghdad and Erbil's commitment to the agreement reached a mechanism for the export of oil, expected to be the next round of talks between the two "difficult because of the crisis of confidence between them," and other factors.

Zebari said in an interview with Reuters news agency, followed up (range Press), "The ministry is looking for ways to cover the fiscal deficit by several means," noting that among the "issuing bonds or borrowing from state banks and the conversion of part of the assets deposited in the bank Central to six billion dollars worth of loans, bonds agreement with Deutsche Bank and Citibank German American. "

The Minister of Finance, that "The ministry is also considering the possibility of resorting to the prior sale of oil to get the money if the Council of Ministers refused to issue loan bonds, which extends for a period of ten years," noting that "the proposal to convert half of banks deposited state assets in the Central Bank of the bonds will provide approximately five billion dollars. "

Zebari said that "Iraq will resort to special drawing rights enjoyed by for a billion and $ 800 million from the International Monetary Fund, as part of his quest all means available to cover the projected shortfall in its budget for the current year 2015."

The Iraqi Council of Representatives, passed in, (the 29th of January 2015), the financial budget for the current year 2015, B119 trillion dinars, and a deficit of 25 trillion dinars, as a result of the decline in world oil prices and the repercussions of the war being waged against (terrorism).

In the axis of his interview with Reuters, new Finance Minister Hoshyar Zebari, "the federal government and the Kurdistan Regional Government's commitment to the agreement reached by the oil export, despite differences on the charged amounts and reimbursements," adding that there are "different expectations and a lack of trust, but the deal is still standing The talks are continuing it. "

Zebari revealed, for "The federal government transform 250 trillion dinars to the Kurdistan region so far, are part of the required amount originally," and expressed hope that "the other premium pay off soon, especially that another round of talks will be held soon if the parties wanted to keep on their agreement ".

He predicted the Federal Minister of Finance, that "the talks between Baghdad and Erbil difficult, because of the lack of trust between the parties," adding, "But the agreement between them will not collapse."

Reuters quoted, quoted officials as saying that "the Iraqi government headed by Haider al-Abadi, is that the interest rate amounting to nine percent is too high and unacceptable."

The agency said, "The Iraqi oil exports for the current year 2015, the rate remained below two million and 600 thousand barrels per day, due to the poor weather conditions when loading the main station south of the country, despite assurances Zebari on their increase."

It is noteworthy that the appearance of Mohammed Saleh, an economic advisor to the prime minister, Haider al-Abadi, said in an interview to the (long-Presse), earlier on Tuesday that the federal budget law for 2015, the current authorized the Minister of Finance issued remittances treasury or financial bonds to oil companies operating in the Iraq, not to exceed a total of 12 billion dollars, indicating that the period of issuance and interest incurred by Mitrokan the Ministry of Finance.

The Prime Minister, Haider al-Abadi, said in a statement issued by his office, Monday, (second from March current 2015), on the sidelines of a meeting with the heads of the Kurdish forces blocks and a number of members of the National Alliance, received the (long-Presse) a copy of it, that the enemies Iraq rejoice band of Iraqi political blocs, while stressed the need to adhere to the agreement of Baghdad - Erbil, called for the rejection of differences between the political blocs.

The head of the Kurdistan Regional Government, Barzani, confirmed, in (23, February 2015), the region's commitment to the Convention on the oil with Baghdad, and called on the federal government to abide by, while the accused "parties to disrupt the" implementation of the agreement, expressed his willingness to visit Baghdad again .

The Kurdistan Alliance confirmed, in (the 23 of February 2015), that the Kurdistan Regional Government has taken all the ways to address the problems with Baghdad but the latter "does not comply", while among the political process province constitutes "an option" in the event of Baghdad continued to refrain from sending balancing the region, promised to boycott the option comes to pressure the federal government to send the rights of the region and the salaries of its employees.

Agreed the federal and Kurdish governments in the (second from December 2014 the past), the allocation of part of the federal allocations of Iraqi ground forces to the Peshmerga forces, and delivery of the Kurdistan Regional Government, 250 thousand barrels of oil per day in addition to the export of Iraq, 300 thousand barrels per day of Kirkuk.

 

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