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Iraq's National Debts on the Rise: MP

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1 Iraq's National Debts on the Rise: MP on Mon Dec 17, 2018 8:07 pm

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Iraq's National Debts on the Rise: MP

BasNews
18/12/2018 - 02:02

ERBIL -
Iraq's national debts have reached $140 billion, a member of the parliamentary economic committee revealed on Monday, predicting the country to finish the repayment by 2056.

"The Parliamentary Finance Committee is aware of Iraq's national debts and the amount of the budget which has been allocated to the ministries," Adnan Zwrfi, a member of the committee, said in a statement.

The official also noted that they are trying to make an economic plan to reduce the expenses, urging the federal government to prepare an accurate data on the expenditures.

In a separate statement made previously, Haisam al-Jabouri, a member of the same committee, said that Iraq's debts were $124 billion, explaining that $40 billion of them are to Arab Gulf states.

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