Economic collapse vs. constitutional rights: Iraq's oil revenue dilemma
Economic collapse vs. constitutional rights: Iraq's oil revenue dilemma
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A growing demand for direct pay-outs from Iraq’s oil revenues has sparked lawsuits and warnings from economists, with one expert cautioning that such a move could push the country to the brink of bankruptcy within a year.
Economic expert Nabil Al-Marsoumi estimated Iraq’s 2024 oil revenues at $90 billion, while non-oil revenues stand at just $13 billion, barely enough to cover government spending on electricity, gas, and…
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