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Parliamentary Finance confirms the need for Iraq to borrow again
Economy News _ Baghdad
On Friday, a member of the Parliamentary Finance Committee, Muhammad al-Shabki, stressed Iraq's need again for internal and external loans within the 2021 budget.
Al-Shabaki said in a press interview, that "the estimation of internal and external loans in the 2021 budget was carried out after studies were conducted by the Ministries of Planning and Finance," noting that "it was agreed that Iraq needs these loans after I met objections within the House of Representatives from some of the blocs that had them." A vision related to Iraq not needing these loans. "
"Oil prices are still fluctuating, and it is not possible to build loans based on these prices," Al-Shibki added, pointing out that "the coming days and weeks may witness a decline in oil prices."
The Parliamentary Finance Committee had previously revealed the volume of internal and external borrowing in the 2021 budget.
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