Taif Sami: Public debt remains within safe limits… plans to reduce spending
Taif Sami: Public debt remains within safe limits… plans to reduce spending
2025-11-19
Finance Minister Taif Sami confirmed on Tuesday (November 18, 2025) that the level of public debt in Iraq is still under control and within safe limits, noting that the ministry continues to work on maximizing revenues and reducing pressure on the treasury by controlling spending.
Sami said in a press statement that “the ministry has maintained the sustainability of public debt by scheduling and managing it according to the approved financial frameworks,” explaining that “the remaining external debts do not exceed $3 billion within the Paris Club agreement, in addition to the existence of $40 billion that is not recognized.”
She explained that “external debt repayments continue annually without default,” noting that “internal debt management is also taking place within normal financial contexts and in accordance with international standards.”
The Minister of Finance stressed that “improving tax and customs collection and automating the work of the Ministry of Electricity will directly contribute to reducing the pressure on public finances,” stressing that “the Ministry is working to reduce the deficit by reducing spending in future budgets.”
burathanews.com
