الاقتراض المحلي و الخارجي لتمويل العجز المالي لعام 2020 في العراق وفقا للقانون رقم 5 لسنة 2020

Abstract EN

Iraq is going through a major financial crisis in view of the spread of the Corona pandemic and the great economic effects it caused, especially after the significant drop in oil prices that reached their lowest levels, which led to the occurrence of a deficit in the state budget for the year 2020 of about 48 forty-eight trillion dinars, so it was necessary Finding solutions for the purpose of covering the financial deficit, especially the failure to approve the budget for the year 2020, so the domestic and foreign lending law was legislated to finance the fiscal deficit for the year 2020 in accordance with Law No.

(5) for the year 2020 which authorized the Federal Minister of Finance to borrow locally and abroad by issuing treasury transfers, bonds and loans, provided that The ceiling for external lending, this law does not exceed five billion Iraqi dinars, and internal lending is fifteen trillion Iraqi dinars, and the amount of lending is allocated to cover salary compensation, and part of it is allocated to investment budget projects and the lending law continues until the general budget law is issued or the fiscal year ends, and thus the lending law is approved It came as a solution to the fiscal deficit problem in the General Budget Law.