Fri. PM TNT News Articles 12-24-21



Legal: The Government Can Remove Iraq From Chapter VI After Paying Kuwait Compensation

The government has clarified about the fate of the financial deduction percentage that was being paid for Kuwaiti compensation after this file was recently closed after Iraq paid the last payment of it a few days ago.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, told {Euphrates News}: “The percentage of deduction that was allocated to compensation for the Kuwaiti woman will return to the financial budget to enhance revenues.”

And regarding the possibility of allocating this percentage to the Generation and Sovereign Funds, Saleh said, “The idea of establishing such funds is usually for small oil countries, where their money is invested outside the country in funds, securities, real estate and bonds to generate financial income for the country.”

However, he added, “But these projects are for the surplus economy and not for the deficit economy, as in Iraq, which does not have a financial surplus for these funds with a deficit in its budget.”

The day before yesterday, Iraq announced the closure of the file of compensation payments to Kuwait, which amounted to 52 billion dollars, more than 30 years after the Saddam regime invaded the neighboring country.

And the Central Bank of Iraq announced last Tuesday, the payment of the last installment of $ 44 million.  link

Source: Dinar Recaps


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