Finance Committee: Government Gains 210T Dinars in Debt

The Iraqi Parliamentary Finance Committee reported that the Iraqi government has received debts estimated at approximately 210 trillion dinars, despite a decline in oil revenues and the cessation of oil sales for more than six months due to events in the Strait of Hormuz. Iraq relies heavily on oil revenues to fund its budget and faces major financial challenges due to accumulated debt and poor management of public funds, with an emphasis on the need to hold those responsible for corruption and resource wastage accountable. The current government inherits a difficult financial situation that requires urgent measures to address the debt and control the economic crisis.

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