Finance Ministry: Iraq’s domestic debt stands at 96 trillion dinars, while its external debt has fallen to $10 billion.
Finance Ministry: Iraq’s domestic debt stands at 96 trillion dinars, while its external debt has fallen to $10 billion.
5-8-2026
Information/Baghdad..
Recent official data issued by the Ministry of Finance, obtained by the Al-Maalomah Agency, revealed details of the financial position of Iraq’s internal and external debts up to the end of April 2026, at a time when the figures showed a disparity in borrowing levels and repayment rates between inherited debts and newly created financial obligations during the current government’s term.
Details of domestic debt
: According to a report issued by the Public Debt Department at the Ministry of Finance, the total domestic borrowing during the period from 2023 until April 30, 2026 amounted to approximately 46.035 trillion dinars.
Domestic loans were distributed at 7.590 trillion dinars during 2023, before rising to their peak in 2024, recording 17.105 trillion dinars, then declining to 10.840 trillion dinars in 2025, while reaching 10.5 trillion dinars during the first months of 2026.
The data showed that the Ministry of Finance was able, during the same period, to pay off about 19.910 trillion dinars of debts, so that the total balance of internal debt settled at 96.629 trillion dinars.
The report also indicated that the accumulated domestic debt balance from previous governments for the period between 2004 and 2022 amounted to 70.505 trillion dinars.
Regarding external debt, official data showed that Iraq’s current external debt balance amounted to $10.076 billion, while the Ministry of Finance was able to repay $2.166 billion of loans inherited from previous governments between 2023 and April 2026.
As for the old debts dating back to before 2003, including debts to Paris Club countries and non-Paris Club countries, their remaining balance as of the end of April 2026 had decreased to only $2.963 billion, according to the report.
The report also noted that the outstanding balance of external project debt for the period between 2016 and 2022 had previously reached $12.926 billion, reflecting a significant decline in the volume of external obligations in recent years.
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