Iraq Eyes Internal, External Borrowing to Secure Salaries

Government spokesperson Haider al-Aboudi disclosed on Thursday the government's plan to pursue internal and external borrowing if the Strait of Hormuz crisis continues. Al-Aboudi explained in televised remarks that the ongoing strait closure impacts the general budget. He affirmed the government's commitment to paying salaries, seeking to secure them via domestic borrowing, and potentially resorting to external borrowing should the strait remain shut.