Iraq’s Public Debt Is Probably Worse Than It Looks

Iraq public debt crisis and economic challenges in 2025 — showing the impact of oil dependency, domestic borrowing, and budget deficit on the Iraqi economy.

Official Reassurances vs. Economic Reality On October 19, the Central Bank of Iraq released a statement assuring the public that the country’s debt levels pose no threat to economic stability. According to official data, Iraq’s total domestic and external debt stands at $81 billion. The bank explained that under Iraq’s three-year budget law, the government […]