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[size=36]Representative economy: The payment of debts owed by Iraq ends in the year 2048[/size]
Economie| 06:09 - 05/07/2021
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Baghdad - Mawazine News
The Parliamentary Economic and Investment Committee confirmed, on Friday, that there is no accurate figure for the size of the debts owed by Iraq, and as it set the date for the expiry of its payment.
A member of the committee, Mazen Al-Faily, said that "the size of the debts on Iraq have not been precisely determined," stressing that "there are internal and external debts and loans, which will expire in 2048, according to the experts' confirmation."
Al-Faili added, "The Economic Committee objected to borrowing without there being alternatives to oil or reducing expenditures," warning that "it is wrong to resort to debt."
He stressed the need to find plans to enhance the resources for debt repayment, not just collecting loans, pointing out that "there are no practical steps on the ground to maximize the industrial, agricultural and tourism sectors." Ended 29 / h
The Parliamentary Economic and Investment Committee confirmed, on Friday, that there is no accurate figure for the size of the debts owed by Iraq, and as it set the date for the expiry of its payment.
A member of the committee, Mazen Al-Faily, said that "the size of the debts on Iraq have not been precisely determined," stressing that "there are internal and external debts and loans, which will expire in 2048, according to the experts' confirmation."
Al-Faili added, "The Economic Committee objected to borrowing without there being alternatives to oil or reducing expenditures," warning that "it is wrong to resort to debt."
He stressed the need to find plans to enhance the resources for debt repayment, not just collecting loans, pointing out that "there are no practical steps on the ground to maximize the industrial, agricultural and tourism sectors." Ended 29 / h
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