Economic Warnings Over the Repercussions of the Foreign Borrowing Law and Its Impact on Non-Oil Revenues

dijlahpoint - Economic circles have issued warnings regarding the proposed foreign borrowing law, indicating that some of its articles could create loopholes for financial corruption and negatively impact non-oil national revenues. Reports clarified that the proposal grants broad borrowing powers reaching billions of dollars and includes tax and customs exemptions for lenders. Experts warned that these exemptions might be exploited to import materials outside the scope of specific projects, weakening government revenues and creating an unfair competitive environment that harms local companies and contractors committed to paying taxes.


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Economic Warnings Over the Repercussions of the Foreign Borrowing Law and Its Impact on Non-Oil Revenues

admin
05 Sep 2026
1 min read