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Deputy: The volume of Iraqi debt more than 133 billion dollars
JULY 3RD, 2019
BAGHDAD - The new morning:
MP Mahmoud al-Kaabi on Wednesday, the volume of Iraqi debt amounted to more than 133 billion dollars, noting that Iraq pays 10.8 trillion dinars.
Al-Kaabi said in a press statement briefed by the new morning yesterday that "the report of the Parliamentary Finance Committee showed that the volume of debt owed by Iraq amounted to 133 billion and 700 million dollars," noting that "the budget showed that Iraq pays 10.8 trillion dinars due to debt and interest of 4.5 trillion Dinars for these debts. "
"We have asked the Department of Public Debt at the Ministry of Finance mechanism to pay these debts and their schedule and interest and the size of internal and external debt, but the Department refrained from that," adding that "will be approached by the Ministry of Finance on this and we await response to all our concerns."
Al-Kaabi said that "there are suspicions that require us to investigate the matter," stressing that "we will inform the people on all the results, whether negative or positive."
Iraq's indebtedness reached nearly $ 120 billion in 2003, before debt was settled with some countries by paying only the principal, without any interest, in cooperation with the United Nations and the International Monetary Fund.
In 2014, Iraq was hit by a financial crisis with a third of its territory out of government control, plus high operating costs, making it resort to external and domestic borrowing to fill its budget deficit and cover war costs.
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JULY 3RD, 2019
BAGHDAD - The new morning:
MP Mahmoud al-Kaabi on Wednesday, the volume of Iraqi debt amounted to more than 133 billion dollars, noting that Iraq pays 10.8 trillion dinars.
Al-Kaabi said in a press statement briefed by the new morning yesterday that "the report of the Parliamentary Finance Committee showed that the volume of debt owed by Iraq amounted to 133 billion and 700 million dollars," noting that "the budget showed that Iraq pays 10.8 trillion dinars due to debt and interest of 4.5 trillion Dinars for these debts. "
"We have asked the Department of Public Debt at the Ministry of Finance mechanism to pay these debts and their schedule and interest and the size of internal and external debt, but the Department refrained from that," adding that "will be approached by the Ministry of Finance on this and we await response to all our concerns."
Al-Kaabi said that "there are suspicions that require us to investigate the matter," stressing that "we will inform the people on all the results, whether negative or positive."
Iraq's indebtedness reached nearly $ 120 billion in 2003, before debt was settled with some countries by paying only the principal, without any interest, in cooperation with the United Nations and the International Monetary Fund.
In 2014, Iraq was hit by a financial crisis with a third of its territory out of government control, plus high operating costs, making it resort to external and domestic borrowing to fill its budget deficit and cover war costs.
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