Salaries in Iraq Secured as Financial Stability Remains Intact

Government officials confirmed that salaries in Iraq, including payments to retirees and social welfare beneficiaries, are fully secured as foreign currency inflows continue to support the state budget and key obligations.

The Prime Minister’s financial advisor stated that sustained foreign revenue flows reflect the resilience of global energy markets, ensuring stable oil revenues that help maintain regular payment of salaries in Iraq.

He noted that while financial stability remains intact, continued efforts are needed to strengthen fiscal discipline and improve public financial management.

Authorities emphasized the importance of controlling public spending, prioritizing efficient expenditure, and expanding non-oil revenues to protect salaries in Iraq from cyclical oil price fluctuations.

The government plans to gradually reduce the budget deficit, reinforce fiscal discipline in the 2026 budget, and implement a phased strategy to lower public debt.

Officials stressed that recent financial measures aim to enhance budget cash flows without affecting citizens’ living standards, supporting sustainable economic stability.