Exclusive: Parliament hosts Finance Minister to discuss the financial crisis and solutions
Exclusive: Parliament hosts Finance Minister to discuss the financial crisis and solutions
2026-08-22
Shafaq News – Baghdad
The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, revealed on Saturday that the Minister of Finance, Faleh Al-Sari, is expected to be hosted in Parliament to discuss the details of the financial crisis facing Iraq.
Faihan told Shafaq News Agency that “the Minister of Finance has requested to attend the House of Representatives, and the request to host him will be included on the agenda of one of the upcoming sessions, with the date of the hosting to be determined in the coming days,” indicating that “the Minister wants to explain the details of the financial crisis and the expected solutions to address it.”
He added that “the borrowing law will be included on the agenda of one of the upcoming sessions for its first reading.”
Finance Minister Faleh al-Sari confirmed the existence of a real financial deficit that is hindering the completion of salary payments for employees, retirees and social welfare beneficiaries, noting that the total monthly obligations for salaries amount to about 7 trillion and 800 billion dinars.
For his part, Iraqi government spokesman Haider al-Aboudi confirmed that Iraq is facing “severe” financial challenges, noting that the government needs about 10.8 trillion dinars monthly to cover employee salaries and public expenditures, while the country’s oil revenues do not exceed 2.5 trillion dinars.
It is worth noting that Prime Minister Ali Faleh al-Zaidi reassured employees and retirees on Friday that monthly salaries and government payments would be fully secured, while emphasizing that Iraq is going through “difficult and challenging” circumstances due to regional developments and the disruption of oil exports through the Strait of Hormuz.
shafaq.com
