Iraq’s sickly economy Iraq’s faltering economy is likely to take a further turn for the worse as oil prices plummet, writes Salah Nasrawi When millions of Iraqi pensioners went to banks and cash points to receive their monthly pensions in December they were stunned to find that their regular payments had been drastically slashed. Some […]
The looming Iraq disaster As Iraq remains bogged down with the war against IS, another catastrophe could be on the horizon, writes Salah Nasrawi The Iraqi government is considering a set of measures to deal with the crushing financial crisis, which many fear could lead to economic collapse and accelerate the breakup of the divided […]
Iraq tightens its belt The people of Iraq will face severe hardships under the country’s new austerity budget, writes Salah Nasrawi With oil prices plummeting and the economy squeezed by inefficiency and corruption, Iraq’s parliament has approved a belt-tightening budget. The step is widely seen as having significant ramifications for the country’s volatile domestic politics and […]
The failure to pass a state budget has unveiled the full extent of Iraq’s empty coffers, writesSalah Nasrawi The annual budget debate is an important tradition in parliamentary systems, a time when lawmakers discuss the government’s draft financial blueprint and the public is told about the nation’s financial status. A budgetary crisis can trigger a […]