Report: thefts "Iraq intervention in the dark tunnel of debt

[ltr]Report: thefts "Iraq intervention in the dark tunnel of debt[/ltr]

BAGHDAD / News Network Iraq , Iraq did not find an option to finance the fiscal budget , which iswitnessing a growing deficit of only internal and external borrowing, which warned of economists and considered "wrong policy" will sign the country's major problems in the future. It seeks Iraq to borrow about $ 18 billion in cooperation with the Bank international Monetary Fund and theindustrialized countries of the seven, and is currently discussing with Britain to borrow $ 13 billion.Central Bank of Iraq and stressed that Iraq 's debt amounting to $ 102.6 billion between internal loans and external. A spokesman for the central bank, Acer Jabbar today 25/10: " The internal government debt Iraqi reach 43 trillion Iraqi dinars (32.6 billion dollars) for government and private expenses. "He added that" the external debt of Iraq of up to $ 70 billion and for international bonds , foreign companies , "noting that" this figure has nothing to do with debts Gulf states. "He stressed "there are some debt reduced and postponed such as the Paris Club , " noting that " the Iraqi debt problem moving because the interest going on ." He noted that "Iraq 's current loans do not carry a great benefit because it is from a reputable international financial institutions like the international Monetary Fund." Iraq has debts since the era of the former Iraqi regime, and the number of countries Batefaiha, but successive governments after 2003 have increased theexternal debt through international organizations, although the budgets of the country formed large numbers exceeded percent billion dollars per year.

Financial advisor to the Prime Minister and explained the appearance of Mohammed Saleh Iraqi debt. He said: " The debt related to the Paris Club cut Iraq will be paid in the form of annual installments of $ 800 million, noting that the religion of Kuwait has also been postponed." He pointed out that "Iraq has signed loan with the International Monetary Fund program includes implemented in three years and is accompanied by a program reform respect to the operation of tax settling accounts and activate the role of the integrity Commission. "" the actions included modifying the central bank law , financial management and the strengthening of surveillance and reduce fiscal spending in the budget , "adding that" the Fund 's request for financial companies because it is mostly a losing companies. "

Economists have warned from entering the country into a dark tunnel, as a result of external debt policy , which deepened during the current days, stressing that the figures , which manages thecountry 's economy is weak and bold. The economist said a just peace: " The Iraqi borrowing exceeded percent billion dollars is a very large number and enter the country in a dark tunnel because if the interest rate of 2%, Iraq annually would pay $ 2 billion. "he pointed out that" therecent Iraq 's debt from the international Monetary Fund will go to support the financial budget and thus will benefit the officials and employees of the state, "pointing out that" it is within theterms of the Fund international Monetary restructuring of state - owned companies , which leads tothe control of the politicians on the country 's economy because the IMF has always promoted to thepublic sector failed and must rely on the private sector. "

Iraqi economists believe that Iraq 's debt is today 77% of GDP , while natural not exceed 60% of GDP. The economist said Hisham Isa: " The Iraqi politicians have wasted billions of dollars when the country was a budget exceeding $ 100 billion and did not develop productive sectors such asindustry, agriculture, but also used the political recruitment policy. "He stressed that" Iraq 's debthas become a major and the state is still going on so you must use a new financial policy , instead ofthe current policy that supports the imported product and steal people 's money by selling thecurrency window. "He pointed out that" experience Iraq bitter with international financial organizations such as the IMF and the World Bank because the country has not taken advantage of these organizations in the past and is not bound by its own terms. "he stressed that" thegovernment must reduce spending and stop excessive employment and the application of the tariff law properly because corruption is currently controlled by the state has not benefited from it, but connote people ", calling for" the cancellation of an auction currency and rely on the document to transfer funds. "He noted that" millions of dollars in money stolen from the country because of thecurrency auction through fake invoices. "