Iraq/Kurdistan: Kurdistan Deprived from Constitutional Share of Iraq’s International Loans

Aug 6, 2017 | Baxtiyar Goran, Kurdistan 24
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Iraq’s international debt has exceeded USD $111 billion due to wars waged by the former regime against neighboring countries, the current war against the Islamic State (IS), and the drop in oil prices. Majida al-Tamimi, a member of the Finance Committee in the Iraqi Parliament, recently told reporters Iraq’s debt had exceeded $111 billion as the government suffers from a $26.6 billion deficit in the 2017 budget.