Abadi under fire as Iraq's foreign, domestic debts galloping

Iraqi parliament's commission on Economy and Investment has lambasted the Haider Abadi governemnt for increasing foreign and domestic debts that reached 107 billion dollars, voicing concerns on a further future increase.

In a press statement, MP Najiba Najib said, "Iraq's foreign and domestic debt amounted to 107 billion dollars including an estimated $55 billion from the Saddam Hussein regime".

The Iraqi government could not cope with the wages of state employees without turning to additional internal debt, Najeeb warned.

Najib said that "domestic loans amounted to 45 trillion dinars, all of which went to cover budget deficits since 2014 until now".