Parliamentary Deputy Warns of Escalating Burdens on Public Treasury Due to Expanding Internal Debt

A parliamentary deputy warned on Tuesday that the escalating reliance on domestic debt during the current period has exacerbated the burdens on the state's general treasury. The parliamentarian emphasized that "selecting a specialized economic figure to manage the present phase was a priority for political forces," expressing hope that "the government will take practical steps to boost state revenues, tackle unemployment, and activate the private sector's role as a cornerstone for development." He clarified that "these issues form the core of the current stage; however, the tense regional circumstances and conflicts have directly impacted the country's economic situation." He further stated that "Iraq has faced significant challenges recently, particularly due to the halt of oil exports through some outlets, leading to substantial financial pressures." He added that "the state was compelled to depend on internal debt to cover its financial commitments, resulting in a notable increase in the treasury's burden," asserting that "the current phase is among the most challenging for the national economy." He explained that "the end of wars does not necessarily mean the end of their economic consequences, as the state needs time and effort to enact decisive decisions ensuring economic improvement and financial stability." He noted that "challenges concerning waterways, trade, and the energy sector have clearly impacted the Iraqi economy." The parliamentarian stressed that "the government and political forces must launch a comprehensive national mobilization to confront existing challenges and rescue the country from accumulated crises." He affirmed that "the next stage demands diligent work, firm decisions, and a real war on corruption, which has been a primary cause for the delay of many vital projects and the squandering of public funds." He concluded that "optimal resource investment and effective anti-corruption efforts can bring a qualitative transformation in the country's economic and service landscape in the coming years."