According to a new report from Iraq’s Ministry of Finance, the country’s total internal debt reached 96.629 trillion Iraqi dinars, or about $73.8 billion, by the end of April 2026. At the same time, Iraq’s external debt dropped to around $10.076 billion after continued repayment efforts.
Official figures released by the ministry on Friday showed that Iraq borrowed around 46.035 trillion dinars domestically between 2023 and April 2026.
The borrowing was divided across the years as follows:
- 7.590 trillion dinars in 2023
- 17.105 trillion dinars in 2024, the highest level during the period
- 10.840 trillion dinars in 2025
- 10.5 trillion dinars during the first months of 2026
The government also reported that around 19.910 trillion dinars in domestic debt had been repaid during the same period. Before that, Iraq had already inherited a domestic debt balance of about 70.505 trillion dinars from governments between 2004 and 2022.
On the external debt side, Iraq repaid around $2.166 billion in older loans between 2023 and April 2026. The remaining debt linked to pre-2003 obligations owed to Paris Club countries and other creditors has now fallen to about $2.963 billion.
The report also showed that external project debt accumulated between 2016 and 2022 had previously reached nearly $12.926 billion.
The latest figures highlight Iraq’s continued efforts to manage both domestic and foreign debt while dealing with financial pressure, budget demands, and economic reform challenges.
