From Oil to Overdraft Iraq’s Debt Hits 87 Trillion Dinars
Iraq’s public debt is rising at an alarming pace, raising fears about the future of the economy. Link to My FX Buddies
Official figures show debt reaching 87.7 trillion dinars by mid-2025, with both internal and external borrowing climbing. While Iraq’s debt-to-GDP ratio (42.9%) remains lower than countries like Lebanon or Sudan, experts warn that the nation’s heavy reliance on oil revenues makes the situation fragile and risky.
In this video, we break down the key issues:
The Central Bank’s latest debt figures and where the money is going
How excessive government spending and weak non-oil…
The skinny
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