Prime Minister's Advisor Explains Details of "Bridge Borrowing"

[RJG]

Prime Minister's Advisor Explains Details of "Bridge Borrowing"

Economy 03-06-2025, 13:19

Baghdad- WAA- Amna Al-Salami

The Prime Minister's Advisor, Mazhar Muhammad Salih, explained today, Thursday, the details of "bridge borrowing", while indicating that more than 50% of the domestic debt is concentrated in the investment portfolio of the Central Bank.

Saleh told the Iraqi News Agency (INA): "Historically, government borrowing through treasury transfers is a type of short-term borrowing from the banking market that British public finance has adopted since the reign of Queen Victoria."

He added that "this type of borrowing was done for limited periods not exceeding weeks or financial quarters, and is known as (bridge borrowing), as it aims to bridge the temporary deficit gap resulting from the slowdown in revenues compared to actual expenditures."

He pointed out that "given the monthly financial obligations, the public finance may resort to issuing treasury transfers as a financing tool to cover the temporary budget deficit until cash flow stabilizes in the next period of the fiscal year."

He added that "in light of the fluctuations in the oil revenue cycle on the general budget over the past ten years, the government was forced to borrow multiple and accumulated, which led to an increase in expenditures in three stages: the first during the war on ISIS terrorism, the second due to the economic closure caused by the pandemic, and finally the increase in expenditures in the areas of reconstruction and implementation of suspended projects."

He added that "these circumstances resulted in the accumulation of domestic public debt, part of which was borne by government banks, as more than half of it was deducted from the Central Bank of Iraq through open market operations."

He stressed that "this necessitated a complementary cash issuance that led to a significant increase in the money supply, especially since the domestic public debt, amounting to 82 trillion dinars, is still mostly within the government financial and banking system, more than 50% of this debt is concentrated in the investment portfolio of the Central Bank."

He added: "On the positive side, this debt is covered by foreign currency at a rate exceeding 100%, which reflects a high level of monetary stability, as the annual inflation rate did not exceed 3%."

He continued that "despite these challenges, both the monetary and fiscal authorities seek continuous consultation in order to gradually extinguish the domestic debt," stressing that "the government relies on enhancing financial sustainability by reducing the public debt balance annually and reducing the annual budget deficit to a rate not exceeding 3% of the GDP."

He concluded that "this approach is part of a fiscal policy aimed at providing financing and protecting economic activity, which contributes to achieving stability and sustainable economic growth through coordination between fiscal and monetary policies."

https://www.ina.iq/229426--.html

[Theseus]

Good thing it's BRIDGE Borrowing and not BRIDE borrowing. That would be one heckuva typo.  I think I need new glasses!

Edited March 9 by Theseus

[horsesoldier]

This great big lump shyte should be on the Fat Boy weight loss program.

Looks to me like life is pretty damn sweet for those at the top.

I certainly don't see many if any overweight regular folks in pics...but the Big Knob elites & all their cronies sure do look well fed. 

Iraqi citizens continue to suffer. You can't gain being fed a steady diet of .

[screwball]

On 3/8/2025 at 11:24 AM, RJG said:

He pointed out that "given the monthly financial obligations, the public finance may resort to issuing treasury transfers as a financing tool to cover the temporary budget deficit until cash flow stabilizes in the next period of the fiscal year."

Bridging finance is the umbrella term for short-term funding to ‘bridge a gap'. Bridging finance is also known as gap financing and swing loans.

 

A bridge loan (also called ‘debt bridge financing’) is one kind of bridging finance – it’s a short-term loan to provide you with cash until you can set up a longer-term borrowing option.

 

The two other main types of bridging finance – equity bridge financing and IPO bridge financing – are not usually used by small businesses.

[md11fr8dawg]

5 hours ago, Theseus said:

not BRIDE borrowing

If it was Bride borrowing, there'd be huge shortage of goats over there!!!

[horsesoldier]

22 minutes ago, md11fr8dawg said:

If it was Bride borrowing, there'd be huge shortage of goats over there!!!

BAM !!! 🤣 

[Theseus]

On 3/10/2025 at 7:17 AM, md11fr8dawg said:

If it was Bride borrowing, there'd be huge shortage of goats over there!!!

Nah. After saying "I divorce you"  three times (how muslims are allowed to divorce their wives),  they are allowed to sell the goat (meat) to the next village. So says the Mullahs.

Edited March 14 by Theseus

[rvmydinar]

12 hours ago, Theseus said:

Nah. After saying "I divorce you"  three times (how muslims are allowed to divorce their wives)

They are also allowed to marry and have 4 wives the most by their own religion in their whole lives. How about that? Sounds familiar.

[horsesoldier]

Worst comb over EVER!!!

[horsesoldier]

19 hours ago, Theseus said:

Nah. After saying "I divorce you"  three times (how muslims are allowed to divorce their wives),  they are allowed to sell the goat (meat) to the next village. So says the Mullahs.

Perhaps let's not go into WHY they sell goat meat to the Next village.

Happy Trails 

[pokerplayer]

9 hours ago, rvmydinar said:

They are also allowed to marry and have 4 wives the most by their own religion in their whole lives. How about that? Sounds familiar.

 

   Wow, I'm impressed! Never realized that you were an expert in the Muslim culture. All I ever did was work there and never met any Muslim that had 4 wives, but yes they are, but rarely do have more then 2 and even that is a rarity.

   More then then one wife is a rarity as it is a status symbol of wealth which 99 percent are not, but then you probably knew that,  right?

 

You should start your own thread to enlighten those of us that have only been following Iraq the last 20 years so we will know as much as you do.

 

pp. 

[Theseus]

c

1 hour ago, pokerplayer said:

 

   Wow, I'm impressed! Never realized that you were an expert in the Muslim culture. All I ever did was work there and never met any Muslim that had 4 wives, but yes they are, but rarely do have more then 2 and even that is a rarity.

   More then then one wife is a rarity as it is a status symbol of wealth which 99 percent are not, but then you probably knew that,  right?

 

You should start your own thread to enlighten those of us that have only been following Iraq the last 20 years so we will know as much as you do.

 

pp. 

It is in their book that they are allowed as many wives as they can afford up to 4 wives. Some of us have actually worked and picked up and have studied their books. The Quran is not the only book they follow religiously as the interpretation of the traditions of the Quran are the Hadiths. So yes they can have up to 4 wives but only if they can afford it. Which is why only the wealthier individuals in Islam have more than 1 or 2 wives. And no Islam has never been "hijacked" it is what it always has been a creation of the Angel of Light and if you don't know who that it is, maybe a little more research is in order on your part.  Yeah I worked alongside them before 9-11 and was told many things that came to be false and I knew they were false because I picked up their books and read them and studied them. I guess they didn't tell you about many things. Like how it is okay to beat those wive and no not with a toothbrush. Or how a woman who is raped needs 4 male witnesses to the rape or she can be accused of adultry and stoned, a practice still followed to this day. Or how a teenage girl was hung because she had a sharp tongue recently in Iran. Many many things. 

Edited March 15 by Theseus

[rvmydinar]

14 hours ago, pokerplayer said:

 

   Wow, I'm impressed! Never realized that you were an expert in the Muslim culture. 

No, I amn't expert in the muslim culture. Accidently, I just read the article somewhere about the muslim men can have up to 4 wives legally. Their motto is more wives equals to more children equals to more luckier and wealthier. My motto is one wife too many.

12 hours ago, Theseus said:

It is in their book that they are allowed as many wives as they can afford up to 4 wives. So yes they can have up to 4 wives but only if they can afford it.

 

[haymon]

I'm only able to handle one.....43 years and still haven't got it yet.