Saleh assures liquidity crisis not bankruptcy
The Iraqi government affirms that the current liquidity crisis does not indicate a shortage of funds or the bankruptcy of the state, but rather relates to the timing of oil revenues inflows and the schedule of expenditure payments, especially salaries. The government's financial adviser explained that the country possesses financial and administrative tools to ensure the funding of essential obligations through efficient liquidity management, improving non-oil revenues, reducing financial waste, and rescheduling non-urgent expenses. He also emphasizes the importance of diversifying revenue sources by developing oil exports and infrastructure, to ensure sustainable financial stability and reduce reliance on oil alone.
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