Iraq’s three-year budget will promote state capture
The passage of a mega-budget covering 2023-25 offers short-term stability but subsequent major risks
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In this article
- Key elements
- Public sector hiring
- Investment spending promotion
- Oil price cushion
- Risks in the budget
- Worsened macroeconomic fragility
- Reduced oil investment
- Baghdad-Erbil relations
- Major corruption risks
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