Tuesday, April 18, 2017

KRG running up huge debt while workers go unpaid

Rudaw : "I also highlighted the KRG’s growing debts and the huge gap that has accumulated between the KRG’s revenues and expenditure over the last 6 years. I warned that if the KRG carried on as before with its uncurbed spending and without real reforms, then even if we reached 1 million barrels of crude oil production per day and oil returned to $100 per barrel we would still not cover our financial requirements."

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