After paying it in full, an economist offers ways to benefit from Iraq's surplus debt
economic Last update 02/27/2022 | 7:54 pm
information / special
On Sunday, economic analyst Basil Al-Obaidi presented economic ways to benefit from the money that Iraq was paying as international debt, the most important of which was the Kuwaiti debt.
Al-Obaidi told the "Information" agency, "The real economic ways to benefit from the sums of money that Iraq was paying as international debts, which amount to more than four billion dollars annually, is to put them in two funds, either the Special Fund for Development and Investment, or put it in the Generations Fund to ensure that it is not lost in government expenditures."“.
He added, "After Iraq pays all international debts annually in addition to the interests and fees that it was paying on the will of its account at the United Nations, it is assumed by the Iraqi government and by a decision of the House of Representatives stipulating that the amount should not be entered into the budgets."
Al-Obaidi explained that "the international debt ratio represented more than seven percent of the monthly oil revenues," noting that
"putting money in the financial budget leads to inflated expenditures and disbursing funds without knowing the ways to use them."