According to a Ministry of Finance report, Iraq’s total internal debt stood at IQD 96.629 trillion ($73.8 billion) as of the end of April 2026, while external debt has been reduced to $10.076 billion.
Official data released by the ministry on Friday (8th May) show that domestic borrowing between 2023 and April 2026 totalled IQD 46.035 trillion (approximately $35.1 billion), distributed as follows:
- IQD 7.590 trillion ($5.8 billion) in 2023
- IQD 17.105 trillion ($13.1 billion) in 2024, the peak year
- IQD 10.840 trillion ($8.3 billion) in 2025
- IQD 10.5 trillion ($8.0 billion) in the first months of 2026
The government reports that IQD 19.910 trillion ($15.2 billion) has been repaid during this period. The inherited domestic debt balance from previous governments (2004-2022) had stood at IQD 70.505 trillion ($53.8 billion).
On the external side, the government repaid $2.166 billion in inherited loans between 2023 and April 2026. The remaining balance of pre-2003 legacy debt, owed to Paris Club members and other creditors, has fallen to $2.963 billion. By comparison, the balance of external project debt for the period 2016-2022 had previously reached $12.926 billion.
