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Parliamentary Finance warns of borrowing disaster: Iraq's economic strategy "destructive"
Since 09/21/2015
He revealed the parliamentary finance committee member Massoud Rostam, Monday, waiting for the risk of disastrous Iraq due to increased external borrowing of states and global banks, pointing out that the next budgets of the country will not improve without developing country industries and reliable through self-sufficiency and diversification of sources.
Said Rustam's / scales News / "Iraq has borrowed billions of dollars from the IMF and the World Bank, and there is a big risk of waiting for Iraq if the accumulated debt and the benefits of it," noting that "economic disaster Stasv budgets of the country in the next few years due to the continued low prices of the debt burden Oil and expenses are paid for by the military. "
He said the parliamentary finance committee member, said "the treatment of those problems and crises plaguing the country economically is to improve the local industry, agriculture and access to self-sufficiency and find alternative financial resources Ktfiel tax collection and revenue of border crossings," explaining that "the country's economic strategy" destructive "and" floundering " because of the security and economic problems and low oil prices and so on. "
The "Member of the Committee of Economy and Investment parliamentary Najiba Najib revealed that the Iraqi government moving towards borrowing from the International Monetary Fund of a new", while confirming that "Iraq is about to borrow $ 6 billion under the name of" Treasury bonds. "
It is said that "the economic and investment commission parliamentary confirmed, that Iraq's debt to neighboring countries and Fund and the World Bank exceeded 25 billion dollars," while confirming that "it's hard to pay off the debt."
This "Iraq is suffering from an unprecedented financial crisis as a result of the low level of global oil prices and increased military expenditure through the purchase of weapons and military equipment to counter the terrorist Daash" .anthy / 29 / d 24
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Since 09/21/2015
He revealed the parliamentary finance committee member Massoud Rostam, Monday, waiting for the risk of disastrous Iraq due to increased external borrowing of states and global banks, pointing out that the next budgets of the country will not improve without developing country industries and reliable through self-sufficiency and diversification of sources.
Said Rustam's / scales News / "Iraq has borrowed billions of dollars from the IMF and the World Bank, and there is a big risk of waiting for Iraq if the accumulated debt and the benefits of it," noting that "economic disaster Stasv budgets of the country in the next few years due to the continued low prices of the debt burden Oil and expenses are paid for by the military. "
He said the parliamentary finance committee member, said "the treatment of those problems and crises plaguing the country economically is to improve the local industry, agriculture and access to self-sufficiency and find alternative financial resources Ktfiel tax collection and revenue of border crossings," explaining that "the country's economic strategy" destructive "and" floundering " because of the security and economic problems and low oil prices and so on. "
The "Member of the Committee of Economy and Investment parliamentary Najiba Najib revealed that the Iraqi government moving towards borrowing from the International Monetary Fund of a new", while confirming that "Iraq is about to borrow $ 6 billion under the name of" Treasury bonds. "
It is said that "the economic and investment commission parliamentary confirmed, that Iraq's debt to neighboring countries and Fund and the World Bank exceeded 25 billion dollars," while confirming that "it's hard to pay off the debt."
This "Iraq is suffering from an unprecedented financial crisis as a result of the low level of global oil prices and increased military expenditure through the purchase of weapons and military equipment to counter the terrorist Daash" .anthy / 29 / d 24
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