24 Hrs
Source:
الحقيقة
Parliament discusses financial crisis
Iraq is suffering from a severe financial crisis, including a real deficit that hampers the payment of salaries. Monthly salary obligations amount to approximately 7.8 trillion dinars, while oil revenues do not exceed 2.5 trillion dinars per month. A delegation from the Parliament will host the Minister of Finance to explain the details of the crisis and the expected solutions, including a discussion of the borrowing law. The government emphasizes the need for monthly funding exceeding 10.8 trillion dinars to cover expenses, amid difficult regional circumstances and delays in oil exports through the Strait of Hormuz.
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