economic expert Zaki Al-Saadi asserted that the main reason for the postpone within the budget schedules is the confrontation among the federal government and the Kurdistan regional government regarding the costs of crude oil manufacturing and transportation. Controversy continues over the mechanism for calculating extraction and transportation fees.
Al-Saadi told the dinaropinions.com that “delayed financial releases directly impact investment tasks, as they preclude the construction process and add new, stalled initiatives to the listing of projects suspended by preceding governments, leading to further delays in infrastructure tasks, which negatively impacts residents.”
He added, “The instability of the barrel fee has no longer caused political decision-makers to break the shackles of the rentier economy or pass toward sustainable improvement projects to maximise non-oil revenues, reflecting a lack of awareness of the seriousness of this example.”
He endured, “placing the general price range on the mercy of oil market fluctuations will in the end cause the state’s incapability to confront an imminent monetary disintegrate.”
