Parliamentary Finance: Iraq will pay its external debt until 2053

by **claud39** Wed Feb 27, 2019 9:01 am

https://www.almaalomah.com/2019/02/27/391010/

Parliamentary Finance: Iraq will pay its external debt until 2053

27/02/2019

Parliamentary Finance: Iraq will pay its external debt until 2053 6363-1-or-1434725531

Information / Special ...

The parliamentary finance committee confirmed on Wednesday that the Iraqi government will continue to pay the country's external debt until the end of 2053.

"The foreign debts of Iraq are divided into two parts, which will be fully paid by the end of 2024," committee member Ahmed Hama said in a statement. "The other part will be completed by the end of 2053 as the government has not submitted On international borrowing again. "

He added that "Parliament obliged the government not to go towards external borrowing to fill the budget deficit during the current year and will continue this decision in the coming years to prevent the rise of foreign debt," noting that "debt repayments will be scheduled on the public budgets and not from surplus funds high oil prices" .

The coalition of victory was likely, earlier, go to the surplus from the budget of 2019 towards the launch of grades for graduates and the reconstruction of cities liberated from the call of the terrorist and the payment of external debt.