Government Denies Plans to Borrow 16 Trillion Dinars to Cover Budget Deficit

The Iraqi government denied reports suggesting plans to borrow 16 trillion dinars from countries including Saudi Arabia, Kuwait, China, Germany, and France to cover the budget deficit. The official government spokesperson clarified that such reports are inaccurate and that there is no need for such borrowing given the strong oil export indicators. He emphasized that the government follows an economic policy focused on the precise utilization of state revenues to support public spending and meet financial requirements. The increase in the oil export ceiling has contributed to strengthening financial resources. He confirmed the government's commitment to continuing its economic policy aimed at maximizing available financial resources to ensure support for spending and meet the state's financial needs.