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Tamimi confirms that Iraq's need for any external loan

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Tamimi confirms that Iraq's need for any external loan

Unread postby admin » Tue Jul 18, 2017 9:11 am

Tamimi confirms that Iraq's need for any external loan

7-18-2017

Tamimi confirms that Iraqs need for any external loan

Parliamentary Finance Committee said Tuesday, Iraq does not need any external loans to pay off the shortfall in the state budget for the current year, noting that the public debt of the country exceeded $ 111 billion.

He said committee member Magda Tamimi said that "Iraq does not need any new foreign loans in the event of ending the financial and administrative corruption and the withdrawal of large whales, whichcontrols on imports of customs and smuggling of oil, taxes and other government revenues as well as financial waste in the budget hand."

Tamimi said that "the total foreign debt exceeded $ 111 billion last year, including about 41 billion debt of the former regime of the Gulf."

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