Baghdad — Economic researcher Diaa Abdul Karim has warned that Iraq’s rising internal debt and the government’s decision to withhold budget tables from Parliament signal growing financial and political risks as elections draw near.
Abdul Karim told dinaropinions.com that recent statements from members of the Parliamentary Finance Committee estimating Iraq’s total debt at 90 trillion dinars represent “a dangerous precedent that could leave the country bankrupt in the coming years.”
He said the government’s reluctance to present the budget tables to lawmakers appears aimed at “concealing the true scale of Iraq’s internal and external debts” and at avoiding political conflict and criticism in the lead-up to national elections.
“The country will face a severe financial crisis in the coming years due to the massive borrowing undertaken by the current government,” Abdul Karim warned, adding that “future generations will bear the cost of these decisions.”
