Finance Minister Taif Sami said on November 19, 2025, that Iraq’s public debt is still under control and remains within safe limits. She explained that the ministry is working hard to increase revenues and ease the pressure on the state budget by keeping a close eye on spending.
In her statement, Sami said the ministry has been able to keep debt stable by organizing and managing it according to the country’s financial plans. She noted that Iraq’s remaining external debt is less than $3 billion under the Paris Club agreement, while another $40 billion is still unrecognized.
She also made it clear that Iraq continues to pay its external debts every year without delay or problems. Internal debt is being handled normally as well, following international standards.
Sami stressed that improving tax and customs collection, along with automating the Ministry of Electricity’s systems, will help reduce the financial load on the government. She added that the ministry is focused on lowering the deficit by cutting unnecessary spending in future budgets.
