Despite Haider Al Abadi’s statement
Iraq's internal and external debt amounts to 107 billion dinars
House of Representatives, Najeeb Najib
Baghdad – Najlaa El Taee
Member of the Economic Committee in the House of Representatives, Najeeb Najib said in a statement that Iraq’s debts reached 107 billion dinars divided between, internal, external debts and debts from the former regime. The internal debts reached 45 trillion dinars, used to cover the financial deficit of Iraq's budgets since 2014 and until now, while the external debts amounted to 21 trillion dinars used to finance the investment projects dedicated to develop the infrastructure.
Prime Minister, Haider Al Abadi confirmed in a press statement that Iraq’s international debts are small and there aren’t any internal ones and the external debts are part of the compensations. He added that there aern’t also many loans as most of them are affordable and their interest rates are very small that go to the World Bank to support the budget, which forms no burden on Iraq. There are also the German loan to help Iraq rebuild some areas, and the British loan for the infrastructure.
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