Parliamentary Finance: Iraq 's debt exceeded the current indebtedness of the former r
Parliamentary Finance: Iraq 's debt exceeded the current indebtedness of the former regime
Views 69 Date 01/10/2016 - 16:39
Economy News / Baghdad ...
Parliamentary Finance Committee revealed on Saturday, Iraq's debt exceeded the current indebtedness of the former regime as a result of the amounts they borrowed the country, as pointed out the lack of any information on Iraq to borrow one billion dollars from the World Bank.
Said committee member Majda al-Tamimi in a press statement, he said that "fiscal and monetary misguided policies in Iraq has made the country drowning in debt and request loans from more than one party," pointing out that "Iraq's current debt exceeded what it was in the era of the former regime and the government is still the borrowing instead that is to reduce spending. "
She said Tamimi, "The news that talked about Iraq borrow one billion dollars from the World Bank in support of the 2017 budget just talk to the media, and there is nothing official so far in this regard," asserting that "the general budget did not reach the House of Representatives."
It is noteworthy that Iraq has borrowed money from the World Bank and International Monetary Fund, Islamic Development Bank and other entities in order to bridge the fiscal deficit because of the sharp drop in world oil prices.