Parliamentary Finance: Iraq is bound by debt repayment until the year 2053
Parliamentary Finance: Iraq is bound by debt repayment until the year 2053
Date Posted 08/11/2017 11:47 AM
The decision of the Finance Committee in the House of Representatives MP Ahmed Rashid, Iraq’s commitment to pay international debt of sixty-eight billion US dollars until the year two thousand and fifty-three, adding that this imposes additional burdens on the financial situation of the country.
Rashid pointed out that the draft budget for the next year, which is currently discussed in the Council of Ministers is the worst budget for the Iraqi state for fourteen years, considering that the reason for this is due to its dependence on oil mainly, and neglect other economic sectors alternative According to the draft budget is expected to reach about one Ninety billion dollars, while the volume of revenues is seventy-two billion dollars and a deficit of nineteen billion and the draft was based on an export rate of about four million barrels of oil, including North Oil.
altahreernews.com
