MP Mudhar Al-Karawi said on Wednesday that Iraqi state employees’ salaries are fully secured and remain a “red line” that cannot be compromised, despite the country’s growing financial pressures.
Al-Karawi explained that Iraq has been facing a financial crisis for several months, which became more visible after the recent tensions in the Arabian Gulf and the closure of the Strait of Hormuz. He said these developments affected the export of nearly four million barrels of oil.
He stressed that oil exports provide around 90% of Iraq’s state revenues, making the country highly dependent on global energy markets and export routes.
According to Al-Karawi, once Prime Minister-designate Ali al-Zaidi forms the new government, lawmakers will push for the creation of a high-level committee to study the financial crisis, evaluate its risks, and prepare a roadmap to deal with the situation.
He added that Iraq still has several options to reduce financial pressure, including activating non-oil revenues and improving income collection through state institutions.
Al-Karawi ended by repeating that employee salaries will remain protected regardless of the economic challenges facing the country.
