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Expectations of a decrease in the public debt ratio for Iraq in 2021

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Expectations of a decrease in the public debt ratio for Iraq in 2021

Saturday 18 September 2021 13:04 | Economic    Number of readings: 103

Baghdad / NINA / -
The International Monetary Fund announced today, Saturday, its expectations that the ratio of Iraq's public debt to GDP will reach 70% during the year 2021.

According to a table issued by the Fund, "the ratio of public debt to Iraq's GDP amounted to 81.2% within a year 2020, and is expected to decrease this year 2021 to 69.7 percent.

He explained: "The decline in debt in Iraq comes after the rise in global oil prices following their decline during the past two years, which enabled Iraq to pay part of its public debts."

The fund pointed out that "

Sudan ranked first in the Arab world with the highest debt ratio compared to GDP, recording 262.5% in 2020, followed by

Lebanon with 154.4%, and then

Bahrain with 132.9%."

He continued, "

Egypt came fourth with a debt ratio of 90.2% compared to its GDP,

Jordan came fifth with 88.5%, then

Tunisia came sixth with 87.6%,

Yemen with 83.2 and

Iraq eighth."
/finished8

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