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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


    Within 6 months.. the government borrows 10 trillion dinars and increases the domestic debt by 11%

    Rocky
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    Within 6 months.. the government borrows 10 trillion dinars and increases the domestic debt by 11% Empty Within 6 months.. the government borrows 10 trillion dinars and increases the domestic debt by 11%

    Post by Rocky Tue 13 Aug 2024, 4:10 am

    [size=35][size=35]Within 6 months.. the government borrows 10 trillion dinars and increases the domestic debt by 11%[/size][/size]
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    Alsumaria News - Economy

    The Iraqi government borrowed 10 trillion dinars during the past 6 months, which led to an increase in the internal debt by 11%, according to what was stated by the head of the "Iraq the Future" Foundation for Economic Studies and Consultations, Manar Al-Obaidi.

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    Al-Obaidi said in a post on Facebook, followed by Sumaria News, that the government borrowed 10 trillion dinars in just 6 months, and the following came: 3 trillion dinars from government banks, 4 trillion dinars from commercial banks, and 3 trillion dinars from selling bonds, noting that this borrowing increased the internal debt by 11% in six months.



    He added that the total borrowing from these entities amounted to 21 trillion dinars, representing 17% of the volume of deposits in commercial and government banks and 10% of the banks’ assets, in addition to the Ministry of Finance’s obligations to the Central Bank, amounting to 41 trillion dinars, representing 21% of the Central Bank’s assets. He explained that, in other words, approximately 15% of the financial sector’s funds are in the form of debts owed to the central government.

    It would have been more appropriate to invest this money in an investment fund that works to provide revenues to the state, increasing the volume of non-oil revenues and being a guarantee for future generations, according to Al-Obaidi.

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