Iraq is being born, and required $3260 for foreign countries


Economy news Baghdad:

Generates the required Iraqi and foreign businessmen and Iraqis toward 3260 dollars after the distribution of 127 billion dollars in debt to Iraq's population.

The International Monetary Fund estimated that total national debt in 2017, and population estimates for the U.S. Census Bureau in the same year, divided into first ten Arabic countries in terms of per capita of religion into two categories.

The first category includes oil States with high debts owing to the reluctance of major economies and therefore huge government investment, as well as high rated credit which allows them to borrow larger amounts, as per capita rises, or the taxpayer, one of their debts due to their low population.

Perched on top of the Gulf and Arabic Qatar which per capita debt of $48,863, a far cry from her Bahrain ranked second, amounting to $19,723 capita, ranked third and fourth Gulf Arab Emirates and Kuwait, dipping figure heavily in Saudi Arabia and Oman to $4,693.

The second category encompasses mainly countries that experienced long wars and political upheavals, including Lebanon, III, which increases its per capita debt in UAE, then Libya which affected oil production by the war, and then Jordan and with sluggish investment in debt because of the turmoil surrounding and received large numbers of refugees, and finally Iraq.

In contrast, per capita debt of $0.75 in Algeria, are the least among Arabic States, and is also only one without $100, followed by Somalia and Syria quota of $196, and in particular the Syrian situation, low debt, mainly due to politics, as Russia has 2005 to Syrian debt cancellation, which was approximately 73% of the country's debt.

Not enough read these numbers alone to understand the magnitude of the predicament in which some Arabic countries. Another figure worth focus on shows that were already this country owe what is able to reply or not, is the ratio of gross domestic product.

While per capita converge in Lebanon and the UAE, the UAE's debt are just 18.8 percent of GDP, while the same ratio in Lebanon 149%, as between Libya that some debts 100.2% of GDP and Kuwait which do not increase for itself of 22.4%.

Egypt reported debts of more than 200 billion dollars and per capita from $2093, constitute debts 93.4% of GDP and the Jordan where the ratio is about 94%, while Mauritania owes 81.5%.

Bahrain is the only Gulf state that the proportion of GDP debt about 70% 82.3%, the IMF is expected to rise to nearly 100% by 2021
According to this ratio, Algeria are least involved in debt, with the proportion of gross debt of 17.1% and not expected to exceed 30% by 2020.

Cannot assess the damage potential of government debt unless the borrower's country is in a financial crisis makes him unable to pay his debts.

The International Monetary Fund who owes him more than Governments usually elsewhere, often attach to debt on Government borrowing to reduce its budget deficit and ensure its ability to repay debt.

Here can only damage associated with inability to repay debt, but with only presence, including conditions imposed on a low credit rating a borrower sectors benefiting citizens with limited income, as the health sector or education or service.

As well as adding to raise taxes on low income in Exchange for reduced foreign investment and increased spending on major economic activities and investments. It may also include conditions requiring the country to open its markets to foreign products and thus increase the pressure on local products.

In the worst cases-as in the case of Greece, for example, forced the country to borrow more money, which will double the debt down unless there is a minimum of transparency in the borrower's country allows not to waste money sake, this command is not available in most Arabic States according to order of TI for 2016, to multiply with time as a snowball.

Many Arabic countries experiencing internal conflicts and wars, especially Syria and Yemen is not oil, the risk of a debt spiral in the reconstruction phase.

And unless there are in charge don't minds drift beyond conventional solutions, originally imposed by creditors with the largest share in the IMF, would sink these countries in financial crisis and successive declines of local currency, especially in the absence of industrial sectors able to plug.