Parliamentary Finance: Iraq’s economy is collapsing and future generations will be flooded with debt
Parliamentary Finance: Iraq’s economy is collapsing and future generations will be flooded with debt
9-14-2017
A member of the Finance Committee MP Rahim Darraji, on Thursday, the political debt and external borrowing adopted by the government to fill the budget deficit, while noting that this strategy will sink future generations of religion and hold the country’s sovereignty.
“The financial crisis that took place in the country as a result of the decline in world oil prices reflected its impact on the budgets directly, which called on the government to resort to the policy of borrowing and foreign debt to fill the deficit and continued until the total size to more than 126 billion dinars from the bank International “level.
He added that “this strategy will sink future generations of religion and the future of the country and impose the condition on economic policy and determine the wages of electricity and fuel and salaries of staff and appointments.”
He added that “the government can maximize financial resources even without resorting to the sectors of industry and agriculture defaulters, and through activating and revitalizing religious tourism and control of the border ports and reduce corruption.”
waradana.net
