Debt (swallow) billions of financial budget for Iraq 2013

2012-11-24 09:01:56



BAGHDAD (Iba) ... The Iraqi government has allocated from the budget next year is expected approval next week, the amount of 1.445 billion dollars to repay foreign debt.

Hayat newspaper published a copy of the agenda of foreign debt and the value of their benefits, and which deserves the Treasury Iraqi government next year, which show that the amount allocated less than the value of outstanding debt this year, and up to about two billion dollars.

According to the document, that Iraq will be repaid to the World Bank 8.174 million dollars worth of interest on the loan granted to Iraq last year, amounting to $ 2.3 billion to cover the budget deficit, and about $ 8 million to the IMF as the value of the benefits also, with the total value of the benefits on foreign loans 6.25 million , and the benefits of bonds to extinguish the debt of the private sector in overseas $ 189 million, and interest on Treasury bonds $ 271 million.

Not allocated Iraqi government any amount to pay the benefits of restructuring the external debt for the next year, under the Paris Club agreement and countries outside the Paris Club, while exceeded payments this year and the same period of $ 815 million, and approached the value of benefits in installments bilateral agreements with the countries of club Paris than a billion dollars.

And war reparations Kuwait, the Iraqi government has allocated in its budget proposed $ 5.5 billion, which is more than the allocations for this year to $ 850 million, it is calculated by deducting 5% of the proceeds from the sale of Iraqi oil, expected to jump from $ 100 billion.

In regard to the debt settlement issue Iraqi Airways with Kuwaiti counterpart, and the agreement between the two governments judge to pay $ 500 million only, the Baghdad government has allocated in next year's budget, $ 233 million to the Kuwaiti side, as a down payment, followed by a second batch paid in 2014.

The back debt Iraqi Airways to 1990 during the invasion of the former regime of Kuwait, where accused Iraqi Airways to seize aircraft Kuwaiti and equipment navigation, and demanded compensation worth $ 2.2 billion, reduced to what it is today through diplomatic negotiations long to end the siege imposed on the Iraqi Company.

Attorney Nora denied Salem البجاري, having calls within the parliament to amend paragraphs pay their foreign debt.

And announced that the blocks are compatible to get rid of foreign debt and file a closing permanently, because it adversely affects the development efforts budgeting.

She consensus on extinguishing debt Kuwait goodwill initiative of the Kuwaiti side, and Iraq today bear burdens inherited from wrong policies of the previous regimes.

Believing that paid to Kuwait since 1991, far exceeds the size of the real consequential damages, pointing out that everyone knows that a large proportion of the numbers were based on unrealistic originally unsubstantiated claims, but imposed on Iraq by UN resolutions.

l For his part, praised the economic expert David Haider Hussein, the Iraqi authorities which addressed the negotiations during the conference of the Paris Club and the settlement of external debt, especially the Central Bank of Iraq, which is credited largest in finding appropriate ways to settle does not harm the economy.

He believed that the amounts allocated to the settlement of external debt more than one occasion not to strain the federal budget, as far as his mind.

The House of Representatives discusses passage of the federal budget law for 2013, which is expected to be the highest in the history of Iraq, reaching 138 trillion Iraqi dinars ($ 112 billion).


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