Iraqi MP Ali Al-Azirjawi has warned that the government’s continued reliance on borrowing to cover salaries and operational expenses is placing growing pressure on the country’s economy and increasing its debt burden.
Speaking on Tuesday, Al-Azirjawi said Iraq is facing rising levels of debt that are negatively affecting the overall economic situation. He argued that the repeated use of loans to finance government spending highlights the lack of a clear and sustainable financial strategy for managing the country’s resources.
According to the lawmaker, continuing this approach without implementing real economic solutions could lead to further financial difficulties and place even greater burdens on the state in the future.
Al-Azirjawi stressed the need for a comprehensive reform plan that would improve the management of public finances and reduce dependence on borrowing. He said Iraq must adopt more efficient and sustainable policies to address its financial challenges rather than relying on temporary measures.
He also emphasized that solving the country’s financial crisis requires long-term and fundamental reforms, not short-term solutions designed only to cover immediate expenses such as salaries and daily government operations.
The comments come amid ongoing concerns about Iraq’s financial stability, with lawmakers and economic experts increasingly calling for reforms aimed at strengthening revenue sources, improving spending efficiency, and reducing pressure on public finances.
Al-Azirjawi concluded that meaningful economic reforms are essential to achieving financial stability and protecting the country’s economy from further challenges in the years ahead.
