📉💰 Iraq’s Public Debt Is Under Control! Central Bank Confirms It’s Within Safe Limits ✅🧾
📆 Sunday, October 19, 2025
📰 Source: NINA | Baghdad
🏦 BIG NEWS from the Central Bank of Iraq!
In an official statement, the CBI confirmed that Iraq’s public debt-to-GDP ratio is only 43% — well within international safety standards. 💪🌍
📊 ---
What You Need to Know:
🔹 The planned deficit in the 3-year budget (2023–2025) was 191.5 trillion IQD
🔹 The actual deficit turned out to be only 35 trillion IQD 🟢
🔹 Only 18.2% of the planned deficit was borrowed, showing strong financial discipline
🔹 Internal debt: 91 trillion IQD (mostly held within state-owned banks)
🔹 External debt (after Saddam-era exclusions): just $13 billion 💼
📈 Iraq’s Financial Reputation Is Intact:
✅ No missed payments
✅ Solid cooperation between the Central Bank and the Government
✅ Excellent standing regionally and internationally
💡 Even better?
Specialized committees + international experts are now working to convert internal debt into national investments, transforming liabilities into opportunities! 📈✨
🎯 The Central Bank is also preparing a long-term financial sustainability plan to:
🔸 Diversify the economy 🏭
🔸 Maximize non-oil revenues 💼
🔸 Reduce reliance on oil exports ⛽
🔸 Prevent future deficits 🚫
📰 Full article here:
🔗 Read on NINA
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