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Al Monitor (23 November 2020)

Mustafa Saadoun

The Iraqi parliament approved Nov. 12 the funding deficit law, entitling the government to borrow 12 trillion dinars ($10 billion) from internal and external parties in an effort to pay state employees who have seen their salaries delayed for nearly two months. The loan value decreased from 41 trillion dinars ($34 billion) to 12 trillion dinars under the new law.

Iraq’s President Barham Salih said Nov. 13 that it was necessary "to approve the [funding deficit law] to ensure that employees' salaries are paid for the next three months, although borrowing is not a sustainable solution. The law alone is insufficient to end the crisis.”

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