Delay in government formation casts a shadow over the economy in Iraq

Iraq’s political stalemate has caused a delay in the approval of the yearly budget for the year 2022. The country is suffering economically and the delay will adversely affect citizens.

Economists believe that the delay in electing a new president and forming a new cabinet will create several economic crises that will affect 2022 budget and cause delayed salaries and economic stagnation same as in 2020.