18 Hrs
Source:
الشرق الأوسط
Protests over delayed pay in six Iraqi provinces
The Iraqi government is facing a severe financial crisis due to the halt in oil exports resulting from the closure of the Strait of Hormuz, which has led to a deficit in paying the salaries of more than one million public sector employees and retirees since July. The monthly salary obligations are estimated at 7.8 trillion dinars (approximately $6 billion), while revenues have almost ceased due to the closure of the strait, which supplies about 95% of the state's income. It is expected that paying salaries will become increasingly difficult in the future if the Strait of Hormuz remains closed, with the country approaching difficult scenarios such as borrowing, selling assets, or delaying salaries by up to 45 days.
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