Al-Azirjawi warns of the dangers of borrowing to secure salaries: it exacerbates Iraq's debt.

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economy

Al-Azirjawi warns of the dangers of borrowing to secure salaries: it exacerbates Iraq's debt.

• 2 Jun 11:28
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The Information Agency / Baghdad -
MP Ali Al-Azirjawi warned on Tuesday against the government's continued reliance on borrowing to secure salaries and operational expenses, stressing that this approach exacerbates the debt burden and directly impacts the national economy.
Al-Azirjawi told the Information Agency that “Iraq is suffering from increasing debt that is casting a shadow over the overall economic situation,” explaining that “the continued reliance on loans reflects the absence of clear financial plans for managing resources.”
He added that "the continuation of the borrowing policy without real solutions will lead to a further deterioration in the national economy and increase the financial burdens on the state," emphasizing "the necessity of developing a reform vision to manage the financial file more efficiently and sustainably."
He affirmed that "addressing the financial crisis requires radical solutions, far removed from temporary solutions that rely on borrowing to cover operational expenses." End/25

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