Iraq expected to cut spending in 2025
Iraq expected to cut spending in 2025
2025-01-08 03:41
Shafaq News/ The American company Global Commodity Insights expected a reduction in spending in Iraq in 2025.
The company said in its forecast for 2025 that the expected weak oil prices would increase the financial risks facing oil-producing countries in the Middle East and North Africa region, and increase the likelihood of delaying or canceling major infrastructure and construction projects.
She added that financially weaker and less stable oil-producing countries such as Iraq may be forced to cut spending, which would increase the risk of conflict and threaten political stability.
Rich countries, especially Saudi Arabia, are likely to postpone investment spending as they transition to less dependence on oil.
shafaq.com
