The government has a few possible, but politically difficult, fixes at its disposal. So far, Kadhimi has shown no sign of pushing the issue. In September, the government released a budget for and the planned deficit was large—well over percent—so as with past budgets much of the deficit will likely not be spent.
The total anticipated revenues are The government withdrew the bill just two days after it arrived in parliament. In September the government ran out of money, having used up the borrowing authority from the June bill. The agreement would also require spending cuts that parliament has already rejected. This set the stage for a new debacle as the government then sent a new borrowing law to Parliament only to condemn it. A member of Parliament on the Finance Committee criticized the figures in the bill as irresponsible.
The looming parliamentary elections, due no later than and possibly earlier, are driving the political theater. In the meantime, with salaries being paid late , disposable income is squeezed, further damaging an already weak economy. In terms of immediate steps, at a minimum, a devaluation of the Iraqi dinar long pegged at 1, to the dollar seems likely in The bigger threat is that by mid-to-late , the Central Bank will no longer be able to support the government, forcing austerity through non-payment of operational expenses, including salaries.
It is clear that the government needed to adopt a policy of cutting public sector expenses while increasing its capital investment in agriculture and industry and devoting more resources to education and health. Still, the austerity that Parliament has resisted will be inevitable if oil prices do not rise dramatically in the months to come. A key priority from an international point of view is that the IMF, as a condition for its loans, impose upon Iraq the reforms for which Allawi has been advocating and which parliament has so rejected.
It does not seem likely that reform will come to Iraq by any other means. Kirk H. Sowell is the publisher of the biweekly newsletter Inside Iraqi Politics www. Follow him on Twitter uticarisk. Where We Work Iraq. Iraq Home Overview. Last Updated: Nov 01, The World Bank used its active program in Iraq to respond to the impact of COVID pandemic through the reallocation and restructuring of the undisbursed portfolio. Promoting the Inclusion of Conflict-Affected Iraqi Youth A recipient-executed grant to promote the social and economic inclusion of at least 3, conflict-affected Iraqi youth ages 15 to 29 through entrepreneurship and youth-led community development activities.
Jobs: over , workdays of temporary employment have been generated to skilled and unskilled workers. Health Services: 14 mobile clinics and 82 ambulances have been supplied to improve access to essential, primary health care services in several cities and towns in the five governorates.
Municipal Services: About 1 million people in 18 communities have regained access to municipal services since damaged equipment was replaced, including water purification and wastewater treatment plants, and water and sewage pipes. Transport Connectivity: the rehabilitation of 28 bridges and kilometers of damaged roads, giving access to markets, jobs, and services. Electricity Connectivity: Over , people have seen their electricity reinstated since the replacement of damaged substations, generators, transformers, and cables.
Restoring Basic Infrastructure by working with four subnational governments to restore and rehabilitate marketplaces, roads, water facilities, sewage, and streetlights in several cities in Anbar, Diyala, Ninawa, and Salah Ad-Din governorates.
Beneficiaries: Iraqis living in the Southern Governorates, and the trading community. Jobs: Over , workdays of temporary employment for skilled and unskilled workers, with an additional , workdays expected to be generated under two, remaining contracts one under implementation and the second at final stage of design. Expressway No. The construction of a new 22 km segment of road in the Kurdistan region, along the north-south road corridor at the Girsheen—Suheila intersection, has been completed and opened to traffic.
The original target was 23 km. Road Safety: This project is saving lives. Traffic safety has been substantially improved along these corridors, reducing traffic-related fatalities from an estimated to 25 during the last 4. Promoting use of ICT for traffic management. The engagement of international experts in developing traffic management systems is another step towards improving mobility and communication with road users.
The number of people taking advantage of short-term employment from the subprojects has increased from 1, to 1, The number of targeted communities trained in participatory decision making have increased more than threefold from 29 to The project has sustained its support for training government staff with different roles in project implementation.
The cumulative number of staff trained is An estimated , person days of short-term employment have been created. The portfolio has geographical coverage of 11 governorates and subprojects. Click here to contact us. Please Paste this Code in your Website. Iraq Fiscal Expenditure. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits.
Fiscal expenditure are part of government budget balance calculation. Compare Fiscal Expenditure by Country. Iraq Crude Oil Production at Calendar Forecast Indicators News. Population Unemployment Rate. More Indicators.
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