Mon. PM KTFA News Articles 4-25-22

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Samson » April 25th, 2022

Iraq is the “green square” in the list of the world’s most indebted countries

25th April, 2022

Sudan and Japan recorded the world’s most indebted countries in relation to GDP in 2022, while Iraq was one of the least indebted countries in relation to GDP, to be marked by the “green square”.

This came according to a report by the International Monetary Fund for the current month of April, on the classification of the world’s most indebted countries, and was reviewed by Shafak News Agency, where the report classified “the most indebted countries in the world, whose debt exceeds from 50 to 100% relative to the GDP in orange, and the countries that its indebtedness ranges from less than 25 to 50% in green.

The report of the International Monetary Fund stated, “Sudan was the most indebted country in the world in relation to GDP during 2022, at a rate of 284.1%, followed by Japan at a rate of 262.5%, then Greece came third with a rate of 184.4%, the Republic of Cape Verde was fourth with a percentage of 159%, and Eritrea came fifth with a percentage of 151.9%”.

In the Arab world, Sudan came first, then Bahrain with a percentage of 116.5%, Egypt third with a percentage of 94%, Jordan fourth with a percentage of 91.5%, and Tunisia came fifth with a percentage of 87.3%.

The report showed that seven Arab countries did not have a debt increase of more than 50% of the GDP, to be shown in green, where the debt ratio in Kuwait was 12.3% compared to the GDP, followed by Saudi Arabia at 24.1%, followed by the UAE with a rate of 31.7% and then Iraq with a rate of 35%. Then came Yemen with a percentage of 43.9%, and then Oman with a percentage of 44%,” noting that “Syria, Libya, Venezuela, Ukraine and Lebanon were not included in the table due to the lack of accurate data for these countries.”   LINK

Iraq achieves the highest financial revenues from oil

25th April, 2022

Iraq achieves the highest financial revenues from oil, and observers confirm: It has not changed the economic reality.

Iraq has achieved a financial abundance that it has not seen for years, by selling oil and changing the exchange rate of the dollar, but observers confirmed that the economic situation is still confused and burdens the citizens who live below the poverty line with more than three million barrels of oil that Iraq exports daily, at a price exceeding $100 a barrel.

Al-Wahid, which means more than double what was approved in the federal budget last year, but these figures did not have a positive impact on the economic reality of the country, as economists revealed that Iraq achieved financial revenues that are the highest in years due to the rise in oil prices and the raising of the exchange rate.

This money, which was supposed to eradicate poverty in the country, was talked about by low-income citizens that it did not go to the state treasury, but was taken over by the corrupt.

Between the poverty experienced by citizens and revenues estimated at billions of dollars reaching the state treasury from the process of selling oil and raising the exchange rate, everyone wonders where this money goes, at a time when the country is experiencing the worst economic stage in years, according to followers.   LINK

In numbers.. Iraq achieves a surplus of 7 trillion dinars within two months

04/25/2022 15:40:15

{Iraq Future Foundation} specialized in the field of finance and economy said that “Iraq achieved, during the first two months of the current year 2022, a total surplus of 7 trillion dinars, according to the data of the Ministry of Finance.”

And the corporation expected, in a statement received by {Euphrates News}, a copy of it, that “Iraq will achieve if oil prices continue at their normal rates and current and investment expenditure rates continue at the same pace followed by an annual surplus that will reach 25 trillion dinars.” She pointed out that “the rise in this surplus is due to the rise in oil prices globally and the failure to approve the 2022 budget, which made expenditures continue at the same rates that were in 2021.

It was not clear if there was any approval of the 2022 budget as a result of the lack of agreement on forming a government that would enable it to present a budget to the House of Representatives for the purpose of legislating it.”

Finance Minister Ali Allawi described yesterday, Sunday, the financial situation in the country as “very good and we do not need support from any foreign parties, except for certain projects.”  LINK

Source: Dinar Recaps

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