IRAQ'S INABILITY TO BORROW MONEY HAS 'PLUNGED IT INTO CRISIS'
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17.09.2020
Middle East Monitor (17 September 2020)
A member at the Iraqi parliament’s finance committee yesterday said that the country’s federal budget would be released “soon”.
Jamal Cougar told reporters that the draft federal budget law by the Iraqi cabinet would arrive to the parliament “on Wednesday”, adding that it would be studied by the lawmakers “on Saturday”.
“The Iraqi government has obtained 15 trillion Iraqi dinars ($12.6 billion) from internal borrowing institutions, but it was unable to obtain $5 billion from external borrowers,” he pointed out.
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