19:00:00 9.10.2016 |(Voice of Iraq) - Baghdad
warned economist, on Sunday, to increase Iraq 'sdebt ratio of theGDP being intended to cover consumption expenditure or operational, with reduced economic adviser to the risk that debt because theinterior mostly or "unrecognized", criticized theexpert Last not toissue theconcerned authorities fundamentalist data allow understanding of the financial position and thesize of the debt, calling onparliament to "beware of thedebt of Gulf states that havenot agreed to accept the Paris Club standards."
said economist Majid picture, " the number of Iraqi and foreign sources confirm that the debt size Iraq 's internal amounting to up to 43 trillion dinars and external limits of$ 70 billion, excluding labeled Balqdhirh debt, related to Saudi Arabia and theUAE, "returned to" the rising debt on thecurrent rates can lead to great danger on theIraqi economy, the fact that GDP is 79% form debt 77% of it. "
He added thepicture, that" the countries that exceed debt thesize of theirdomestic production GDP ratio, has a strong economy and that more loans productivity rather than aconsumer ,"noting that" theseriousness of theIraqi debt is that most of them aimed to cover consumption expenditure or operational " .
economic adviser Kazem al -Hassani for his part , said that "special Iraqi debt the size of the numbers, is not accurate," pointing out that "most of those debts internal, not external, taken from Iraqi banks means they government."
he said al -Hassani, that "there are two types of external debt, new and old relate to pre -stage in 2003, private debt Paris and compensation Kuwait , "noting that" Iraq 's debt to the Gulf countries are not originally unrecognized debts. "
The al - Hassani, that" the debt isusually within the agreements between thecountries , but debt Gulf is recognized by theIraqi side because they did not come into agreement with them, with theexception ofKuwait being covered byUnited Nations resolutions and the UN Security Council, for compensation, not debt. " for
his part, economist Ahmed Rehn, said that" theconcerned authorities havenot issued during the past three years, data fundamentalist attached to thebudget, allows tounderstand thefinancial situation in Iraq and the size of the internal and external indebtedness ,"stressing that" the concerned authorities should have issued detailed data on internal debts and those owed toother countries and international financial institutions and even the dues were not paid Iraqis and foreign contractors , they constitute a form Last of indebtedness. "
He called Rehn, the House ofRepresentatives, to the " attention to the debt ofGulf states not recognized by Iraq, because those countries did not agree to accept thestandards of theParis Club , just like the other foreign countries, and has so far refused to deal with the criteria of the club. "
the Committee on investment parliamentary expressed in the (18 August 2016), expressed concern over theinability of Iraq fulfill repay its debts, especially obtained recently, as a result of thecontinued decline of oil prices with the shortfall thebudget and thecosts of the war against the(Daesh). it is
noteworthy that the government of friendly countries andinternational banks negotiate for long - term soft loans, amounting to about $ 30 billion.
this comes lending as aresult of the lack of state financial revenues and thelack ofproductive sectors alternative for oil reliable despite the existence ofeconomic fundamentals ,which can be utilized to maximize thefinancial resources of thestate.[/size]