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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Expected to increase Iraq's indebtedness in the coming years

    Rocky
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    • Post n°1

    Expected to increase Iraq's indebtedness in the coming years Empty Expected to increase Iraq's indebtedness in the coming years

    Post by Rocky Sun 26 Aug 2018, 4:27 pm

    Expected to increase Iraq's indebtedness in the coming years
    2 hours ago
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    The Standard & Poor's credit rating agency predicted that Iraq's budget deficit will worsen and its indebtedness will rise in the coming years, while warning that any increase in debt could reduce the country's credit rating . 

    The agency said in a statement on Saturday, August 25, that the government debt to Iraq will increase over the next four years, and the deficit in the government budget and current account will also worsen, noting that Iraq's credit rating is (B- / B)  with a future outlook "The political and economic development is being hampered by widespread corruption . " "The stable outlook reflects expectations that policy measures, within the framework of the IMF program, will contain risks to Iraq's fiscal performance," she said .

     
    The agency warned that it may reduce its classification of Iraq if there is a sharp increase in net government debt or debt service expenditures, where the International Monetary Fund estimates that the volume of government debt in Iraq reached 123 billion dollars last year, or 63.8% of the total output Local .
    Ruled out , "S & P " raise their ratings for Iraq over the next 12 months, but it may raise therating if improved political stability and security, as well as public finance .  

    Earlier, the International Monetary Fund expected Iraq's debt to rise to $ 132.4 billion this year, reaching a peak of $ 138 billion in 2020, before it starts to fall again . 

    The IMF estimates that foreign reserves have fallen sharply from $ 78 billion in 2013 to $ 45 billion three years later .
    The credit rating agency confirmed earlier that Iraq rated  B- / B with a stable outlook, noting that the stable outlook reflects expectations that the fiscal deficit will be modest over the next few years. 
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