Al-Obaidi: Iraq Won't Borrow Now
The Iraqi government confirmed that it is not heading toward external borrowing to address current financial challenges, and is working to boost revenues through oil explorations and alternative plans. Officials also indicated that the 2027 budget will focus on programs including salary coverage, while monitoring corruption cases and changing positions to enhance institutional efficiency, especially in the energy and electricity sectors. Iraq's economy heavily relies on oil, and with exports declining due to the political and security situation, the risks to fiscal stability and monetary balance are increasing.
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