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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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An Economic Expert: Paying Kuwait’s Debts Will Return To Iraq 3% Of Oil Revenues

rocky
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An Economic Expert: Paying Kuwait’s Debts Will Return To Iraq 3% Of Oil Revenues Empty An Economic Expert: Paying Kuwait’s Debts Will Return To Iraq 3% Of Oil Revenues

Post by rocky Tue Nov 23, 2021 10:38 am

[size=38]An Economic Expert: Paying Kuwait’s Debts Will Return To Iraq 3% Of Oil Revenues
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LAST UPDATE 11/22/2021 | 9:06 AM
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The Information / Baghdad
, the economic expert, Safwan Qusay, confirmed, on Monday, that the full payment of Kuwait’s debts will return to Iraq 3 percent of the oil revenues, pointing out that Iraq is able to overcome the budget deficit and pay its foreign debts after the rise in oil prices and the payment of its debts to its neighbors.
Qusay told Al-Maalouma, "Iraq will be able to overcome the budget deficit and pay its foreign debts if the budget is built on the price of 70 dollars per barrel of oil, especially after the devaluation of the dinar against the dollar, which rationalized consumer spending by 20 percent."
He added, "Iraq is going to pay Kuwait's debts in full next year, with no less than 600 million dollars, and here 3 percent of the oil revenues that are directly deducted and go to Kuwait's debts will be released, and these amounts will be a new source of spending or used to pay off external debts amounting to 20 billion dollars." .
And he indicated that "the debt repayment process will reclassify the Iraqi credit and thus move the investment compass and reassure the investor that the Iraqi economy is able to pay off debts and create job opportunities through the investment window." finished/ 25 n
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