Finance Committee: Iraq’s foreign debt doubled and will not be able repay
Finance Committee: Iraq’s foreign debt doubled and will not be able repay
03/10/2016
BAGHDAD / JD / .. parliamentary Finance Committee announced that Iraq earlier foreign debt doubled because of interest arising from the proportion of them, noting that Iraq’s debt last year amounted to more than $ 30 billion, while confirming the inability of the Iraqi government to pay those debts at the moment.
A member of the committee MP Ahmed Sarhan told / KD /: that Iraq has agreements with some international banks and global states to give him a conditional financial loans and financial benefits of doubling annually in the event of non-payment.
He added that Iraq’s debt for 2015 amounted to more than $ 30 billion, indicating that those debts have doubled because of interest rates resulting from the Federal Government will not be able would you give for the time being owing to financial constraints.
The member of the Finance Committee on the government to activate the diplomatic effort to extinguish some of the external debt as a burden the state and threaten Iraq’s economic future. / End / 8 /
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