Iraq faces looming fiscal crisis amid oil revenue decline

Iraq is heading toward a severe monetary disaster, lawmakers and economists warned on Tuesday. Finance committee member Mohammed al-Shabaki stated key monetary indicators point to rising deficits and cash shortfalls, blaming the crisis on declining crude prices, budget delays, and Iraq’s loss of financial devices. “Iraq lacks tools like ahead contracts, foreign investments, and emergency […]

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from Dinar Opinions https://dinaropinions.com/iraq-faces-looming-fiscal-crisis-amid-oil-revenue-decline/

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