As the final quarter of the year approaches the Budget Office in the Finance Ministry is preparing the framework document which the final budget will be based on. There is no doubt that the budget will again have a deficit as the government continues to struggle to reduce expenditure...
At the beginning of 2015 several demonstrations took place in Iraq protesting the lack of new civil service positions due to the austerity budget. Graduates in particular were bitterly angry that they were not provided with jobs as was expected and had been happening in previous years. Politicians and...
The fall in oil prices in the second half of 2014 came as a surprise to the Iraqi government and this led to several revisions of the budget. Several challenges were posed to the economy, given the reliance on oil, including cashflow to meet state sector salaries and expenses,...
