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American Organization: The Iraqi economy is facing the risk of failure and we expect double-digit fiscal deficit
07/08/2015 21:21
Long-Presse / Baghdad
Suggested American organization for classification and evaluation of statistical, Friday, Iraq's exposure to the risk of failure and degradation due to mismanagement, as shown that the political risk and the lack of security is the highest degree of threat, projected fiscal deficit double to Iraq during the current year due to falling oil and military spending rates.
Organization of American Fitch Fitch said the rating and evaluation Alhsaia in its first assessment of Iraq that "Iraq is exposed to the risk of failure and deterioration for reasons of insecurity and financial difficulties as well as mismanagement and taking him in the box (B minus B-).
Organization Fitch added that "political risk and insecurity are among the highest degree of threat faced by countries that value the Organization of Fitch," pointing out that "Iraq classification in block B being according to the perspective of a stable future."
Organization showed that "all classifications B indicates the gravity of the case of failure and deterioration of the list."
Organization Fitch also followed as "predicts a deficit multiplier for Iraq during this year due to falling oil prices and rising military spending and costs associated with fighting the circle rates in the country," indicating that "the debt will reach 51% of gross domestic product rate by the end of the year 2015".
Iraq relies almost entirely on oil to get the money, where it says that Fitch Organization and Iraq's non-oil imports accounted for only 9% of the total domestic product last year, predicting that the situation is getting worse by the year 2015
The Organization showed that "Iraq also scored the worst evaluations with respect to the administration of the countries of the index, according to the World Bank, where he not only insecurity and cause deterioration in Iraq's political stability, but also corruption and government incompetence and weak institutions as well."
And Iraq is still battling against al Daash which controls large areas of the country amid the deterioration of oil prices, which depends completely on its economy.
The inadequate funding has resulted in deteriorating services increased it worse spark sparking widespread protests in the country in which the political class protesters accuse of incompetence and corruption.
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07/08/2015 21:21
Long-Presse / Baghdad
Suggested American organization for classification and evaluation of statistical, Friday, Iraq's exposure to the risk of failure and degradation due to mismanagement, as shown that the political risk and the lack of security is the highest degree of threat, projected fiscal deficit double to Iraq during the current year due to falling oil and military spending rates.
Organization of American Fitch Fitch said the rating and evaluation Alhsaia in its first assessment of Iraq that "Iraq is exposed to the risk of failure and deterioration for reasons of insecurity and financial difficulties as well as mismanagement and taking him in the box (B minus B-).
Organization Fitch added that "political risk and insecurity are among the highest degree of threat faced by countries that value the Organization of Fitch," pointing out that "Iraq classification in block B being according to the perspective of a stable future."
Organization showed that "all classifications B indicates the gravity of the case of failure and deterioration of the list."
Organization Fitch also followed as "predicts a deficit multiplier for Iraq during this year due to falling oil prices and rising military spending and costs associated with fighting the circle rates in the country," indicating that "the debt will reach 51% of gross domestic product rate by the end of the year 2015".
Iraq relies almost entirely on oil to get the money, where it says that Fitch Organization and Iraq's non-oil imports accounted for only 9% of the total domestic product last year, predicting that the situation is getting worse by the year 2015
The Organization showed that "Iraq also scored the worst evaluations with respect to the administration of the countries of the index, according to the World Bank, where he not only insecurity and cause deterioration in Iraq's political stability, but also corruption and government incompetence and weak institutions as well."
And Iraq is still battling against al Daash which controls large areas of the country amid the deterioration of oil prices, which depends completely on its economy.
The inadequate funding has resulted in deteriorating services increased it worse spark sparking widespread protests in the country in which the political class protesters accuse of incompetence and corruption.
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