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MPs warn of external borrowing because Iraq is not able repayment this time
BAGHDAD - Iraq Press - January 29: Commenting on the statements of members of the parliamentary finance committee, which indicated the likelihood of Iraq to domestic borrowing or external bridge the deficit in the current year's budget because of falling global oil prices, warned Congress of the danger of external borrowing to fill Federal budget deficit, noting that "Iraq will not be able to repay this time."
The MP for the rule of law, Jinan Prism, that "the issue of external borrowing is very difficult at this time because the drop in world oil prices affect the economy in general," pointing out that "the government will not be able to pay even if oil prices rose again on the back unstable political and security situation in the country. "
She said "Iraq is suffering years of external debt, which is still paid as well as the telecom future rollover debt accumulated enormous ago," pointing out that "the Finance Committee, the price of a barrel of oil at $ 55 was adopted to calculate the budget that would reduce the deficit." Admiral ended
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BAGHDAD - Iraq Press - January 29: Commenting on the statements of members of the parliamentary finance committee, which indicated the likelihood of Iraq to domestic borrowing or external bridge the deficit in the current year's budget because of falling global oil prices, warned Congress of the danger of external borrowing to fill Federal budget deficit, noting that "Iraq will not be able to repay this time."
The MP for the rule of law, Jinan Prism, that "the issue of external borrowing is very difficult at this time because the drop in world oil prices affect the economy in general," pointing out that "the government will not be able to pay even if oil prices rose again on the back unstable political and security situation in the country. "
She said "Iraq is suffering years of external debt, which is still paid as well as the telecom future rollover debt accumulated enormous ago," pointing out that "the Finance Committee, the price of a barrel of oil at $ 55 was adopted to calculate the budget that would reduce the deficit." Admiral ended
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