Iraq's budget crisis impact

The absence of approval for Iraq's 2026 general budget has led to the halt of many projects, delays in salaries, and a decline in economic activity. The country is fully reliant on oil revenues, which are subject to price fluctuations. It is expected that postponing the budget will result in financial obligations totaling nearly $25 billion in receivables, in addition to debts reaching approximately $108.7 billion. This situation increases pressures on public finances and threatens their sustainability, especially amidst declining oil prices and security and stability challenges.

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