From Oil to Overdraft Iraq’s Debt Hits 87 Trillion Dinars

Iraq’s public debt is rising at an alarming pace, raising fears about the future of the economy. Link to My FX Buddies Official figures show debt reaching 87.7 trillion dinars by mid-2025, with both internal and external borrowing climbing. While Iraq’s debt-to-GDP ratio (42.9%) remains lower than countries like Lebanon or Sudan, experts warn that the nation’s heavy reliance on oil revenues makes the situation fragile and risky.In this video, we break down the key issues:The Central Bank’s latest debt figures and where the money is goingHow excessive government spending and weak non-oil production widen the gapWhy the absence of a clear, unified budget creates economic chaosThe dangerous cycle of borrowing to cover deficits, while citizens lose confidence in salaries and pensionsThe risk of Iraq’s future budgets being swallowed up by debt servicing instead of investments in growthSupport My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠.Get a FREE transcript at:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://rss.com/podcasts/myfxbuddies⁠...⁠📉 Without urgent reforms, Iraq risks sinking deeper into a debt spiral — where every oil price drop brings fresh crises and the future of financial stability remains in doubt.