2024-04-10 22:59:31
Iraq’s external public debt has decreased by more than 50 percent from the end of 2022 until the current year 2024.
The Iraqi government spokesman, Bassem Al-Awadi, said: “The external debt decreased to about 9 billion during the current year, compared to 19.729 billion dollars in 2022.”
According to the Iraqi News Agency “INA”, Al-Awadi said: “The government took a series of executive measures and adopted a package of financial decisions, which ended in reducing the external public debt by more than 50 percent, so that the debt decreased from 19.729 billion dollars in late 2022, to 15.976 billion dollars.” Dollars in 2023, reaching approximately $8.9 billion in the current year.”
Al-Awadi added: “These financial steps included stopping a number of borrowing operations due to their delay and lack of productivity, organizing, managing and auditing debts, and restructuring some debts and directing them to create strategic projects.”
Al-Awadi explained: “The government renews its determination to continue making a qualitative shift in the Iraqi economy, in parallel with tangible development in the services, infrastructure and social care sectors, which are all the pillars required to meet the aspirations of our people throughout Iraq, and implement the government program with its priorities and goals.”
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2024-04-10 22:59:31