Parliamentary Finance: Iraq is able to pay its debts



economy
Since 2017-05-22 at 15:26 (Baghdad time)

Baghdad - Mawazine News

BAGHDAD (Reuters) - Iraq's parliamentary finance committee confirmed on Monday that Iraq was able to pay the debts owed by it, pointing out to the high classification of Iraq by international agencies.

A member of the Committee Jabbar al-Abbadi, in a statement, received / Mawazin News, a copy of it, "that Iraq is able to pay the debts owed by the fulfillment of its obligations and evidence of this high credit classification of Iraq according to international agencies," noting that " The majority of Iraq and the amount borrowed by this little government as well as that the loans taken not only for the purpose of operational projects, but were investment to be able to pay the debt.

Abadi pointed out that "the mechanism followed by the government was clear that these amounts for investment projects to meet the government's obligations," pointing out that "the debt was a few benefits and comfortable and a good proportion of institutions and international banks to support the budget."

He explained that "some try to link the public debt to Iraq's current government and current circumstances, but the public debt of the country is estimated at 111 billion dollars and foreign debt reached until 2014, nearly 56 billion, after that date, Iraq borrowed only 12 billion and borrowed externally "Noting that" the amount of 56 billion, some of them before 2003 and amounted to about 41 billion, which is outside the Paris Club and was not subject to the settlement that took place in the club and that most of the countries that have been borrowed from him has not claimed until now. "

Abadi said, according to the statement, that "the remaining debt of up to 40 billion or a little less, and internal debt was up to 50% before 2014," noting that "the amount achieved from 2014 to 2016 came to pay the salaries of self-financing companies losing" .anthy 29/6 n

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