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Forbes: Iraq's public debt is recording high rates

Baghdad-ALSHARQIYA   July 9 : A report published by the American Forbes magazine warned of the possibility of a high rate of public debt in Iraq to great rates because of its low oil imports and the sufficiency of major importers of Iraqi oil.
The report stated that Iraqi oil sales to India, which is the main importer of Iraqi oil, may be affected in light of recent changes in the oil market, after New Delhi filled its strategic reserves in April and May during the collapse of oil prices.
The report quoted economists at the Jeffreys International Foundation as forecasting that the total external financing needs in 2020 and 2021 will reach about $ 40 billion, meaning that the financial deficit of Iraq will exceed 20% of GDP and the public debt will double to about 47%.

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