Finance Committee: “The current situation is not worrisome, and the salaries file will not witness any disruption.”
Finance Committee: “The current situation is not worrisome, and the salaries file will not witness any disruption.”
2025-05-20
The House of Representatives’ Finance Committee reassured citizens regarding the salaries issue, asserting that the situation is under control. Committee member Hussein Mounes stated in press statements that “the government has several options and the ability to overcome any current crisis.” He added that “the current situation is not cause for concern, and the salaries issue will not witness any disruption.”
Regarding the budget, Mounes emphasized that “the government’s delay in submitting the schedules is a negative indicator reflecting a weak response to global economic changes, particularly the decline in oil prices.” He noted that “maintaining the price of a barrel at $70 within the budget is unrealistic and must be adjusted based on the opinions of experts.”
He explained that “the current budget deficit has reached 63 trillion dinars, a large figure that requires Parliament to work hard to reduce it in line with available resources.” He noted that “the Finance Committee is actively working to address the deficit and amend the budget schedules to align with current challenges.”
Mounes also noted that “the budget schedules will pose a real challenge to Parliament, given the fragility of the Iraqi economy and its reliance on a single resource, oil, which exposes the country to the volatility of the global market.” He emphasized that “overcoming these challenges requires sound financial management and realistic planning that is consistent with the current economic situation.”
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