Saddam-era debt: two state records that disagree

Saddam-era debt: two state records that disagree Recorded FY2019

Old external debt at end-2019 as recorded by the Public Debt Directorate beside the same balances in the Accounting Directorate’s ledger — and the gap between the two. First column in USD thousands, the rest in IQD thousands.

Ranked · Gap (1−2) · Iraqi dinars

The two records disagree most on Commercial creditors — private sector: a gap of IQD 851.5bn (~$568m).

Arab Fund for Economic & Social Development55.5bn IQD

Commercial creditors (multi-currency)−25.9bn IQD

Arab Monetary Fund−50.3bn IQD

Paris Club states−547.3bn IQD

Non-Paris Club states−759.7bn IQD

Commercial creditors — private sector−851.5bn IQD

Creditor group who is owed	Debt ($k) Public Debt Directorate record, USD thousands	IQD equivalent (1) the same, converted to IQD thousands	Accounting record (2) the Accounting Directorate’s ledger, IQD thousands	Gap (1−2) the disagreement between the state’s own two records
Commercial creditors — private sectorالدائنون التجاريون / القطاع الخاص	2,789,593	3,297,298,926	4,148,806,113	-851,507,187
Non-Paris Club statesمديونية العراق تجاه دول خارج نادي باريس	1,538,628	1,818,658,296	2,578,400,485	-759,742,189
Paris Club statesمديونية العراق تجاه دول نادي باريس	4,612,706	5,452,218,492	5,999,532,691	-547,314,199
Arab Fund for Economic & Social Developmentصندوق الانماء العربي الاقتصادي والاجتماعي

FEDERAL BOARD OF SUPREME AUDIT · ANNUAL REPORT 2025 · Printed page 88 · UNIT IQD k · CSV ↓

Reading the columns

Creditor group: who is owed
Debt ($k): Public Debt Directorate record, USD thousands
IQD equivalent (1): the same, converted to IQD thousands
Accounting record (2): the Accounting Directorate’s ledger, IQD thousands
Gap (1−2): the disagreement between the state’s own two records

Originally transcribed in two passes and compared cell by cell; printed totals were checked where available. Agreement between passes does not guarantee a correct reading. Source review has corrected transcription errors; unresolved readings remain marked. The 2025 report includes earlier financial years and dated observations, not a current account of every institution. English names are the desk’s renderings; the Arabic is authoritative. Dollar equivalents are illustrative at a fixed IQD 1,500/$ reference (CBI purchases from the Finance Ministry under Cabinet Resolution 544, effective 7 October 2026; 1,300 before that date). This is not the historical exchange rate for the audited fiscal year, a market quote, or the rate offered to bank customers. Download the CSV · All tables

Source: the 713-page report copy used for these tables · FBSA annual-report archive ↗. The archived copy is identified by SHA-256 d73671625d4f… . On 5 October 2026, the official archive required a security check, so a fresh copy could not be compared with this registered edition. References open this edition at the PDF page; annex numbering restarts at 1. The illustrative conversion reference is documented in the CBI circular of 8 February 2023.