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A parliamentary warning of financial disaster because of the debt in the long term
1
May 14 .2017 - 20:24 | Number of Views: 958
Sommer News: Baghdad .. Parliamentary Committee on Economy and Alastmar warned on Sunday that the country's dependence on foreign debt without regard to the promotion of non-oil economic resources will lead to a financial disaster in the long term.
The committee member Najiba Najib said in a statement, "The impact of lower oil prices Alamh on a very limited Iraqi economy at the present time because of the budget on the external debt in the adoption of the plug."
She added that "the estimated price of oil in the current year's budget is about $ 45 while the real price did not exceed 43, an increase of an additional deficit on the budget."
Najib pointed out that "the country's dependence on foreign debt without regard to the promotion of non-oil economic resources will lead to a financial disaster in the long term."
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1
May 14 .2017 - 20:24 | Number of Views: 958
Sommer News: Baghdad .. Parliamentary Committee on Economy and Alastmar warned on Sunday that the country's dependence on foreign debt without regard to the promotion of non-oil economic resources will lead to a financial disaster in the long term.
The committee member Najiba Najib said in a statement, "The impact of lower oil prices Alamh on a very limited Iraqi economy at the present time because of the budget on the external debt in the adoption of the plug."
She added that "the estimated price of oil in the current year's budget is about $ 45 while the real price did not exceed 43, an increase of an additional deficit on the budget."
Najib pointed out that "the country's dependence on foreign debt without regard to the promotion of non-oil economic resources will lead to a financial disaster in the long term."
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