Parliamentary Finance Committee warns that Iraq will resort to external borrowing

Baghdad-ALSharqiya, June 3: The Parliamentary Finance Committee warned against Iraq’s resorting to external borrowing to cover the fiscal deficit and called for internal reforms to provide liquidity and cover expenses. Member of the Committee Jamal Kujer said in a statement that external borrowing will entail many obligations that may harm the country in the long run and that the conditions May include obligations affecting the sovereignty of Iraq, and Cougar pointed out that the maximum that can be obtained from state loans and the International Monetary Fund will not exceed fifteen billion dollars, and this amount can be provided in the event of some internal reforms.


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