The top Minister’s guide for financial affairs, Mazhar Mohammed Salih, showed on Monday that Iraqi money owed represent handiest 35% of the gross home product.
Saleh told dinaropinions.com, “all of the exquisite internal and outside debts still do no longer exceed 35% of our u . s . a .’s GDP, because of this that they are within the safe limits of global financial stability requirements.”
He added, “We ought to not be too worried about the problem of the internal public debt and its increase to more than 70 trillion dinars, that is within the popular limits for balance in step with the european Union standards that allow the sovereign debt to reach 60% of the gross home product.”
Saleh pointed out that “extra than 90% of the domestic debt is held by using the government banking system and is borrowing from inside government price range and for the advantage of the federal general price range.”
He added, “This suggests that the marketplace isn’t concerned at all with home sovereign money owed, as home debt represents operations within the government’s balance sheet, so to talk, and does not pose any sovereign economic dangers at all. The efforts of the financial and financial authorities are combined to undertake a unique coverage to attain the commonplace economic dreams in the problem of economic consolidation, the premise of which is not to amplify the yearly financial deficit inside the finances and to step by step lessen the size of the sovereign debt balance to the gross domestic product.”
The principal financial institution of Iraq found out that domestic money owed rose in 2024 to extra than 73.three trillion dinars.