Last updated: Apr 13, 2026
Brace yourselves for a massive financial bump ahead! $61 billion is the terrifying projected deficit for the 2026 budget, all thanks to the "roulette" game of global energy prices. How will the state handle this fiscal black hole? The Iraqi parliament, in a candid chat with MN Iraq News, revealed a "smart austerity" plan. The idea is to stop the bleeding by cutting funds for non-essential projects, because there's a strict red line: state salaries and social welfare. It's a true balancing act between investment dreams and securing daily bread.
