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 production widen the gap

• Why the absence of a clear, unified budget creates economic chaos

• The dangerous cycle of borrowing to cover deficits, while citizens lose confidence in salaries and pensions

• The risk of Iraq’s future budgets being swallowed up by debt servicing instead of investments in growth

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