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relationship: debt has risen over the past two years and we await the rise in oil prices[/size]
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2 hours ago
relationship: debt has risen over the past two years and we await the rise in oil prices[/size]
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2 hours ago
The governor of the Central Bank of Iraq Ali al-Alaq, the high volume of public debt in the past two years.
Al-Alak said in a televised statement that the size of the local public debt in his country has increased during the past two years, adding that it is still acceptable within international standards.
"The ratio of debt to gross domestic product (GDP) is still acceptable," he said, adding that "we should not go further."
"Iraq is arranging its debts with the International Monetary Fund," he said, adding that "the money that will result from the increase in oil prices will be used to cover the deficit and pay off debts."
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