A member of the parliamentary finance committee Jabbar al-Abbadi said on Monday that Iraq is able to pay the debts owed by the fact that it has fulfilled its obligations and benefits and evidence of the high rating of Iraq credit according to international agencies.
Abadi said in an interview with a journalist briefed by the "Economy News" that "the debts owed by Iraq mostly a precedent and the amount borrowed by this little government," noting that "the loans taken not only for the purpose of operational projects, but were investment to be able to pay the debt" .
He pointed out that "the mechanism followed by the government was clear that these amounts for investment projects to meet the government's obligations," noting that "the debt was a few benefits and comfortable and a good proportion of institutions and international banks to support the budget."
"Some people are trying to link Iraq's public debt with the current government and the current circumstances, but the public debt of the country is estimated at $ 111 billion and the foreign debt reached nearly $ 56 billion by 2014. After that date, Iraq borrowed only $ 12 billion and was borrowed externally, "He said.
He pointed out that "the amount of 56 billion some before 2003 and amounted to about 41 billion, which is outside the Paris Club and was not subject to the settlement that took place in the club and most of the countries that have been borrowed from him has not been claimed until now."
He pointed out that "the remaining debt of up to 40 billion or less, which is internal debt and was up to 50% before 2014," noting that "the amount achieved from 2014 to 2016 came to pay the salaries of self-financing companies losing."
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Abadi said in an interview with a journalist briefed by the "Economy News" that "the debts owed by Iraq mostly a precedent and the amount borrowed by this little government," noting that "the loans taken not only for the purpose of operational projects, but were investment to be able to pay the debt" .
He pointed out that "the mechanism followed by the government was clear that these amounts for investment projects to meet the government's obligations," noting that "the debt was a few benefits and comfortable and a good proportion of institutions and international banks to support the budget."
"Some people are trying to link Iraq's public debt with the current government and the current circumstances, but the public debt of the country is estimated at $ 111 billion and the foreign debt reached nearly $ 56 billion by 2014. After that date, Iraq borrowed only $ 12 billion and was borrowed externally, "He said.
He pointed out that "the amount of 56 billion some before 2003 and amounted to about 41 billion, which is outside the Paris Club and was not subject to the settlement that took place in the club and most of the countries that have been borrowed from him has not been claimed until now."
He pointed out that "the remaining debt of up to 40 billion or less, which is internal debt and was up to 50% before 2014," noting that "the amount achieved from 2014 to 2016 came to pay the salaries of self-financing companies losing."
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