Episode notes
The clock is ticking for Iraq’s 2025 budget ⏰ My FX Buddies Blog
With the year nearly over, Parliament still hasn’t received the draft schedules — and experts are warning of major consequences if Iraq enters 2025 without an approved general budget.
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🔍 What’s Happening: Government delays caused by oil price fluctuations & political disputes. The three-year budget law (2023 – 2025) slowing down new revisions. Risk of halted investment projects & postponed contracts. Market instability and loss of public trust in fiscal policy. 💬 Experts Warn:
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Without a budget, Iraq will rely on the 1 / 12 spending rule from last year — a stopgap that blocks new projects and could delay salaries and infrastructure spending. Financial expert Ahmed Abdul Rabbo and MP Moeen Al-Kadhimi both urge immediate action to avoid a budget vacuum that could trigger recession and undermine confidence in Iraq’s economic reform plans. 🎧 Listen now as we break down what this means for Iraq’s economy, investors, and citizens — and why time is truly running out to secure financial stability for 2025 and beyond.