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Finance Minister: Borrowing will be in the short term and not a permanent solution

Finance Minister Ali Allawi, Thursday, June 25, 2020, revealed the tendency to streamline tunnels and stop waste and corruption, noting that borrowing will be in the short term and not a permanent solution.

Allawi said, “Oil achieves 92% of Iraq’s revenues,” noting that “the government will work to” streamline spending, stop waste and prevent corruption. ”

He added that “borrowing will be in the short term and not a permanent solution, as will work to remove restrictions and obstacles for investors, and also will be motivated by self-employment and the Iraqi private sector and then the foreigner.” Source