Iraqi Parliament Considers 2026 Borrowing Law
The Iraqi Parliament is working on drafting a bill to loan and allocate funds for the 2026 fiscal year, in the absence of a clear general budget. The new law grants the government the authority to seek loans from various countries and the Central Bank of Iraq, aiming to secure employees’ salaries and manage government affairs. This move follows discussions with the Minister of Finance and aims to provide legal cover for borrowing amidst the lack of an overarching budget.
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