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Iraq's debt to reach 2015 for 30 billion dollars!

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Iraq's debt to reach 2015 for 30 billion dollars!

Unread postby admin » Wed Mar 02, 2016 10:30 am

Iraq's debt to reach 2015 for 30 billion dollars!

02.03.2016 at 11:16 (Baghdad time)

Iraqs debt to reach 2015 for 30 billion dollars

Follow-up scales News
Declared, "Standard & Poor's" Foundation for the credit rating, the debt of a number of Arab governments to rise to more than double last year's expected to remain high through 2016.
The Foundation noted in its report that "the debt of 11 Arab countries have undergone classification, including the GCC oil-rich,rose to $ 143 billion last year, compared with $ 70.6 billion in 2014".
The report included "figures for Iraq's debt has reached $ 30 billion during the year 2015 and which were added to the list for the first time."
He pointed out that "the governments of the Gulf Cooperation Council (GCC) borrowed $ 40 billion last year, including $ 26 billion borrowed Arabia, the largest oil exporter in OPEC."
"Egypt topped the list by borrowing $ 44 billion in 2015," according to Standard & Poor's.
The company predicted "low borrowing for these same countries in 2016 increased by no more than 6 percent to reach 134 billion, so that would borrow GCC $ 45 billion."
"Based on the 2016 forecast on the assumption that most of the Gulf Cooperation Council (GCC) will withdraw from the huge financial reserves to fund their budget deficits caused by low oil prices."
It is expected that "the volume of total commercial debt to Arab countries $ 667 billion at the end of this year, an increase of $ 85 billion in 2015".
" By way of comparison, the Gulf Cooperation Council ( GCC ) has recorded a surplus of $ 220 billion in 2012 , " A. expires 29 / D 24

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