Iraqi Government Denies Plans to Borrow 16 Trillion Dinars from Abroad

The Iraqi government has denied reports that the country plans to borrow approximately 16 trillion dinars from several countries, including Saudi Arabia, Kuwait, China, Germany and France, to cover its budget deficit.

Government spokesperson Haider Al-Aboudi described the reports as inaccurate, stressing that current oil export indicators do not justify such borrowing. He added that the government's financial strategy focuses on maximizing domestic revenues to meet public spending requirements and state obligations