Iraq’s public debt has reached approximately 47 percent of its Gross Domestic Product, according to a financial advisor to the prime minister. Mazhar Saleh disclosed this information in an interview with Rudaw News on Wednesday. While the figure represents a significant amount, details regarding the composition of this debt—whether internal or external—were not immediately available. The announcement comes as Iraq continues to navigate economic challenges, including fluctuating oil prices and the need for diversification. Monitoring the debt-to-GDP ratio remains crucial for assessing Iraq’s long-term financial health and stability. Further analysis is needed to determine the potential impact of this debt level on the country’s future economic policies and development projects. The information underscores the importance of responsible fiscal management in Iraq.

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