Economic expert Safwan Qusay said Iraq is capable of securing employee salaries for the next six months starting from May 1, despite the current financial pressures facing the country.
Qusay explained that the government is legally required to continue paying its essential obligations, including salaries, social welfare payments, and food ration support. He said Baghdad still has several options available to finance the deficit if oil revenues remain under pressure.
According to him, the government can rely on domestic borrowing or temporary deductions from remittances until oil exports return to normal levels. He stressed that these measures are aimed at preventing disruptions to public spending and maintaining financial stability.
Qusay added that Iraq’s immediate financial position allows it to cover expenses for the coming six months, but warned that authorities must also prepare for the period afterward by creating alternative export mechanisms for crude oil shipments.
He noted that Iraq needs to find new ways to continue oil exports through tankers in order to offset revenue losses without putting pressure on the reserves of the Central Bank of Iraq or causing inflation that could weaken the Iraqi dinar.
The comments come as Iraq faces growing concerns over oil export disruptions and declining revenues linked to regional tensions and instability affecting key energy routes.
