Iraq has not turned to external borrowing, PM spokesperson says

BAGHDAD, Iraq — Iraq has not sought external borrowing to address its current financial difficulties, Prime Ministry spokesperson Haider al-Abboudi said on Sunday, adding that the fiscal situation will be resolved in the near term. The statement comes amid ongoing debate in Baghdad over the financing of public spending. Al-Abboudi said the government is not pursuing credit from international markets to meet short-term needs and that steps to stabilize the fiscal framework will rely on domestic resources and existing budget mechanisms. Oil revenue fluctuations and global market pressures have weighed on Iraq's public finances. The spokesperson said fiscal balance will be maintained despite those conditions. The government is expected to announce additional measures in coming days aimed at closing the budget gap. No further details were immediately available.