Central Bank Governor: Iraq’s internal and external debts amount to approximately $150 billion
Central Bank Governor Ali Al-Alaq said that Iraq’s internal and external debt has reached approximately $150 billion, in response to a parliamentary question directed to him by MP Raed Al-Maliki.
In a statement issued on Saturday, Al-Maliki quoted Al-Alaq as saying that Iraq’s internal debt had risen to 91 trillion dinars, and its external debt had reached $54 billion.
He added that the budget deficit is too large to be covered by loans and bonds, noting that “there are no restrictions on the US Federal Reserve’s use of oil revenues.”
According to Al-Alaq, “The value of the bonds that Iraq purchased in the United States amounted to $11 billion.”
Meanwhile, MP Hadi Al-Salami announced that the Federal Court has initiated a questioning process with the House of Representatives against Prime Minister Mohammed Shia al-Sudani over his failure to submit the budget tables and final accounts for 2025.
The Central Bank of Iraq announced last Saturday that Iraq’s domestic debt had increased for the month of July 2025.
The bank stated in a report seen by Shafaq News Agency that “Iraq’s domestic debt rose in July to 90.30 trillion dinars, an increase of 2.91 percent compared to last June, which reached 87.74 trillion dinars.”
He added, “The debt also increased by 16 percent compared to the same period last year, reaching 76 trillion dinars.”
The bank indicated that “the reason for the increase in domestic debt is due to a 1.72 percent decrease in government bank loans in July compared to June.”
It’s worth noting that the Echo Iraq Observatory previously considered that oil sales were no longer sufficient to cover the state’s monthly running expenses, which amount to approximately 11 trillion Iraqi dinars.
The observatory stated in a press statement received by Shafaq News Agency that “current expenditures represent the largest portion of the state’s expenditures, amounting to 11,503,656,980,146 dinars,” indicating that “this amount, out of a total of 27 trillion dinars, represents the total expenditures of the licensing rounds, the Chinese agreement, and investment.”
Shafaq.com