An economist explains the government’s options for securing funding.
An economist explains the government’s options for securing funding.
8-23-2026
Information/Baghdad…
Economic expert Safwan Qusay explained the government’s options for securing and covering expenses amidst the ongoing financial crisis and declining oil exports.
Qusay told Al-Maalouma, “There are a number of proposals currently being studied at the Ministry of Finance to reduce domestic borrowing through in-kind spending to cover the demands of contractors and farmers, in addition to some projects and companies operating in the private sector that are indebted to the Ministry of Finance.”
He added, “There is an urgent need to settle the taxes and domestic debts owed by companies to the Ministry of Finance, which would allow the government to rely on these funds without resorting to borrowing to finance salaries.”
He pointed out that “the Ministry of Finance can utilize loans granted in the form of credit portfolios. There are 57 trillion dinars granted through the Central Bank or other banks in the form of credit portfolios for the housing sector and small and medium-sized enterprises. These portfolios can be settled and transferred to contractors and farmers so that the Ministry avoids additional spending on certain items.”
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