Parliamentary Economy: Iraq to recover his money looted starved financial budget

03.12.2015 at 12:20 (GMT Baghdad)

Special - scales News
He confirmed a member of the economic and investment commission parliamentary Najiba Najib, Thursday, that the recovery of Iraqi funds from abroad starved the budget of the country, as pointed out that the government was forced to resort external borrowing to cover the shortfall.

She said Najib's / scales News /, "The Iraqi government is forced to resort to external borrowing to cover the deficit attributed the reason that few revenue is not sufficient to cover the obligations of the country, especially that Iraq is in a state of war, a drain lot of money."

She added, "The government has been unable to recover Iraqi funds abroad, who fled and went into the pockets of people and fictitious names could supply the balance of the country," pointing to "the need to return the money they have become real estate investments and the replay will lead to supplement the budget, large amounts of money."

It is said that Iraq lost billions of dollars because of smuggling abroad by corrupt officials and traders. It ended 29 quarters e