financial professional Abdul Rahman Al Mashhadani confirmed that the circulated figures concerning the overall budget deficit for the yr 2025 attaining 60% are inaccurate, considering that the estimate of the deficit at a hundred and twenty trillion dinars is “exaggerated and unrealistic,” specially in light of the absence of respectable price range tables up to now.
Al-Mashhadani informed dinaropinions.com, “there is a high probability that a new finances will now not be supplied for the year 2025 and that the numbers used inside the 2024 price range will remain,” looking forward to that “the procedure of decreasing monetary prices will take location drastically, so that they may be decreased from 55 trillion dinars to approximately 25 trillion dinars.”
He pointed out that “Iraq became not able to achieve half of the deliberate funding spending discern at some stage in 2024, even with the addition of monetary advances,” stressing that “this decline displays fundamental demanding situations in implementing funding tasks due to weak making plans or mismanagement.”
Al-Mashhadani warned of “the risks of the 2025 elections, which may additionally cause the exploitation of public price range by means of governors, ministers, or influential political parties to gain electoral profits,” noting that “this depend isn’t always new, as preceding electoral years witnessed the adoption of austerity rules in public budgets to reduce spending and direct budget for electoral purposes.”
He added that “operating prices can be the maximum stricken by those regulations, apart from salaries and wages gadgets,” indicating that “commodity and carrier necessities may witness exquisite pressure to reduce public spending.” He burdened that “the numbers being circulated concerning the finances deficit are misguided, and in the worst case, the previous numbers could be followed without extensive increases.”
