“Borrowing Law”: The Iraqi Parliament awaits the green light from the government
“Borrowing Law”: The Iraqi Parliament awaits the green light from the government
2026-08-25
Shafaq News – Baghdad
On Tuesday, Nasser Turki, a member of the parliamentary finance committee, confirmed that the House of Representatives is waiting for the government to officially send the draft borrowing law to parliament, in order to avoid a financial gap and to ensure that the law does not differ from the vision and policy of the Iraqi government.
Turki told Shafaq News Agency that “the parliamentary finance committee submitted the draft borrowing law to the Speaker of Parliament, but Speaker Hebat al-Halbousi believes that the draft law should be sent from the government before it is read in Parliament.”
He added that “the Speaker of Parliament believes that the draft borrowing law should be officially reviewed by the government, and that it should be read and voted on in the Cabinet before being sent to Parliament.”
Turki pointed out that “the borrowing law is of great importance in supporting the government and the investment budget of the Iraqi state, especially after the suspension of many investment projects.”
It should be noted that the law on borrowing, grants and subsidies is an exceptional and temporary measure that Iraq is moving towards enacting, in order to compensate for the absence of the federal budget and to secure the necessary government spending.
Last month, the parliamentary finance committee revealed that it had discussed the draft law on borrowing, grants and subsidies with Finance Minister Faleh al-Sari, stressing that the law would be an alternative to the general budget law for 2026, in preparation for its inclusion on the agenda of the House of Representatives.
The head of the parliamentary finance committee, Uday Awad, told Shafaq News Agency that “the committee hosted Al-Sari to discuss a number of proposed laws, most notably the law on borrowing, grants and subsidies, which aims to maximize public revenues in a way that supports the Iraqi state treasury.”
shafaq.com
