New figures from Iraq’s Finance Ministry reveal the latest picture of the country’s internal and external debt through the end of April 2026.
According to the report, Iraq borrowed about 46.035 trillion dinars domestically between 2023 and April 2026.
The borrowing was spread across the years like this:
- 7.590 trillion dinars in 2023
- 17.105 trillion dinars in 2024
- 10.840 trillion dinars in 2025
- 10.5 trillion dinars during the first months of 2026
At the same time, the Ministry of Finance says it managed to repay around 19.910 trillion dinars during that period.
Even with those repayments, Iraq’s total internal debt balance now stands at about 96.629 trillion dinars.
The report also showed that a large portion of the debt comes from previous governments. Domestic debt accumulated between 2004 and 2022 still totals around 70.505 trillion dinars.
On the external side, Iraq’s current foreign debt balance is about $10.076 billion.
The ministry says it repaid roughly $2.166 billion in inherited foreign loans between 2023 and April 2026.
Older debts dating back to before 2003—including obligations to Paris Club and non-Paris Club countries—have dropped significantly and now stand at about $2.963 billion.
The report also noted that external project debt from 2016 to 2022 had once reached nearly $12.926 billion, showing that Iraq has reduced part of its foreign financial burden in recent years.
Overall, the numbers show Iraq is still carrying heavy debt, but the government has also been making repayments and reducing some older obligations.
