International Monetary Fund warns Iraq

Editorial date:: 2019/7/30 13:53
{International: Al Furat News} The International Spotting Fund warned of Iraq's continued over-spending.

The IMF said in a report on Tuesday that Iraq's budget for the current year, "if the current spending continues as it is, it will eliminate any progress achieved by Iraq economically during the past years."

He pointed out that "the projections indicate an increase in Iraqi spending by 25% per year, unless the authorities amend their financial laws and balance sheet items."

The report noted that Iraq's economic situation "faces serious challenges, social conditions in the low and still severe."


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