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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


    Counselor Mazhar Salih: The total public debt of Iraq is $76 billion

    Rocky
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    • Post n°1

    Counselor Mazhar Salih: The total public debt of Iraq is $76 billion Empty Counselor Mazhar Salih: The total public debt of Iraq is $76 billion

    Post by Rocky Wed Feb 15, 2023 11:17 am

    [size=38]Counselor Mazhar Salih: The total public debt of Iraq is $76 billion[/size]


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    February 15, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, determined the total public debt of Iraq, while indicating that extinguishing debts and paying them are subject to a tight financial program and regular timings.
    Saleh said, in a statement followed by the obelisk, that the internal debts of Iraq, which are exclusively in the possession of the government banking system, are estimated at about $55 billion if they are valued in foreign currency according to the new exchange rate, indicating that no less than 63% of the internal public debt is in the possession of the Central Bank of Iraq, whether In the form of government bonds or treasury transfers.
    He added that the average annual interest on all of them is about 3% with the offer, pointing out that the external public debt to be paid between the years 2023-2028 is estimated at 21-23 billion dollars, which means that the total internal and external indebtedness is 76 billion dollars.
    He pointed out that the total balance of public debt (internal and external) still does not exceed 35% of Iraq's GDP, while international standard ratios allow up to 60% and consider it stable.
    And he continued, that based on the rules of discipline or fiscal consolidation, the fiscal policy should reduce the total amount of public debt annually, as well as gradually reduce the annual deficit rate through rational management of public spending and maximizing total public revenues, especially non-oil revenues, whose percentage should be about 20% of the total public revenues in the budget instead of the current percentages that do not exceed 8%, according to what was stated in the ministerial curriculum of the government of Prime Minister Muhammad Shia’a al-Sudani.
    He noted that debt amortization and repayment are subject to a tight financial program and regular timing, especially external debt receivables through allocations in the general budget for debt amortization and services, which still indicates the high creditworthiness of Iraq with international credit rating institutions and according to its data issued periodically since its adoption in Year 2015 to the present.
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    • Post n°2

    Counselor Mazhar Salih: The total public debt of Iraq is $76 billion Empty Counselor Mazhar Muhammad Salih details the total debts of Iraq

    Post by Rocky Thu Feb 16, 2023 6:34 am

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    [size=52]Counselor Mazhar Muhammad Salih details the total debts of Iraq[/size]

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    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, determined, on Wednesday, the total public debt of Iraq, while indicating that extinguishing and repaying debts are subject to a tight financial program and regular timings.[/size]
    [size=45]Salih said in a statement, "Iraq's internal debts, which are exclusively in the possession of the government banking system, are estimated at about $55 billion if they are valued in foreign currency according to the new exchange rate," noting that "a percentage of no less than 63% of the internal public debt is in the possession of the Central Bank of Iraq, whether In the form of government bonds or treasury transfers.[/size]
    [size=45]He added, “The average annual interest on all of them is about 3% with the supply,” pointing out that “the external public debt that must be paid between the years 2023-2028 is estimated at 21-23 billion dollars, which means that the total internal and external indebtedness is 76 billion.” dollar".[/size]
    [size=45]He pointed out that "the total balance of public debt (internal and external) still does not exceed 35% of Iraq's gross domestic product, while international standard ratios allow up to 60% and consider it stable."[/size]
    [size=45]And he continued, “Based on the rules of discipline or fiscal reinforcement, the fiscal policy should reduce the total amount of public debt annually, as well as gradually reduce the annual deficit rate through rational management of public spending and maximizing total public revenues, especially non-oil revenues, the proportion of which should become About 20% of the total public revenues in the budget instead of the current percentages that do not exceed 8%, according to what was stated in the ministerial platform of the government of Prime Minister Muhammad Shia’ al-Sudani.[/size]
    [size=45]He noted that “extinguishing and repaying debts are subject to a tight financial program and regular timing, especially external debt receivables through the allocations allocated in the general budget for extinguishing debts and its services, which still indicates the high creditworthiness of Iraq with international credit rating institutions and according to its data issued periodically since its adoption.” In the year 2015 to the present.[/size]
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