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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    $ 20 billion to pay off foreign debts

    Rocky
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    • Post n°1

    $ 20 billion to pay off foreign debts Empty $ 20 billion to pay off foreign debts

    Post by Rocky Tue 27 Aug 2019, 6:26 am

    $ 20 billion to pay off foreign debts
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    Tuesday / 27 / August - 2019
    40

    Word - Baghdad
    A member of the Finance Committee, Jamal Cougar, on Tuesday, the allocation of $ 20 billion to pay dues and interest external debt owed by the Iraqi state.
    Cougar said in a press statement that "the federal budget for 2020 will allocate between $ 15 billion to $ 20 billion to pay the dues and benefits of external debt owed by the Iraqi state," stressing that his committee "will put a paragraph in the new budget, which prevents the government from borrowing abroad."
    He added that "these repugnant debts can not the Iraqi state if the policy continues to get rid of the interest of these loans," pointing out that "external debt has become a burden on Iraq without solutions to the problem."
    He ruled out a member of the Finance Committee "the arrival of the draft federal budget law for the next year to the House of Representatives in September, expected to arrive in mid-October next."
    He pointed out that "the budget department is working to reduce the expected budget deficit 72 trillion dinars," noting that "the default deficit will be less than this figure." Kojer, a deputy from the province of Dohuk pointed out that "the size of the federal budget for 2020 is estimated at 139 trillion dinars In calculating the price of a barrel of oil sale $ 53, "pointing out that" these figures are preliminary and will be subject to reduction or increase depending on the variables. "
    The member of the Parliamentary Finance Committee, Hanin al-Qadu, revealed on Wednesday (July 31, 2019), the size of Iraq's foreign debt since the war on ISIS and until now, indicating that it exceeded $ 100 billion.
    Qadu said that "the security conditions witnessed in the country in mid-2014, through the invasion of ISIS to some Iraqi provinces, as well as the significant decline in oil prices in the global market, caused the country to enter an economic crisis, led to a policy of austerity and external borrowing system."
    He added that "the debts of Iraq after that exceeded 100 billion dollars, which calls for revitalization of the private sector in order to promote the Iraqi economy and stop further borrowing.


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