Call to reveal Iraqi foreign debts, MP
2/14/2012 5:25 PM

BAGHDAD / Aswat al-Iraq: An Economic Parliamentary Commission member called on the Iraqi Finance Ministry to completely reveal the debts incurred by Iraq to foreign governments and companies before adopting the current year's budget.

"Iraqi funds abroad could be threatened again if the companies' debts were not resolved," MP Hussein al-Miribi said in a statement released by his media office, received by Aswat al-Iraq.

He suggested allocating part of 2012 budget to pay these debts.

"Iraqi funds were protected by the Iraqi Development Fund which was approved by the UN Security Council, then protected by the Americans, which are expected to terminate next May, thus these funds will be in danger,, Miribi elaborated.

"Paying these debts is not a difficult matter, if we know that they do not exceed 600 million dollars," he concluded.