Discrepancies in Iraq’s Financial Indicators: Conflicting Debt Data, Rising Deficits, and Fiscal Risks

Iraq’s fiscal outlook has recently come under renewed scrutiny following statements made by Prime Minister Mohammed Shia’ al-Sudani in an interview with the Iraqi News Agency (INA). While the Prime Minister presented updated figures on public debt and currency exchange rates, these numbers differ substantially from data published by the Ministry of Finance, the Central […]
Iraq’s Public Debt Is Probably Worse Than It Looks

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 […]