Iraq marked an important milestone last week after it wrapped up its first independent bond sale worth US$1 billion. Iraqi government officials and advisors completed a weeklong roadshow that included stops in London, Boston and New York. Citi, Deutsche Bank, JPMorgan and the Trade Bank of Iraq were the...
After a series of contentious debates that saw parliamentary blocs withdraw from the chamber over disagreements about revenue sharing, Iraq’s Council of Representatives eventually approved the 2017 federal budget on December 7 in the presence of 189 members.
The 2017 budget reduces government spending by about 5% compared to this...
In order to adjust with changes that occur at the local, regional and global level, there is a need for fundamental changes in management within government institutions and studying means to offer these in benefit toward services and goods. This requires the adoption of a modern concept of administrative...
Statistics show that the private car, when measured against the space it occupies, as the most costly and extravagant mode of transport from land use perspective. This stems from that fact that the average car is only in use for around 10% of time. The private car not only...
As the final quarter of the year approaches the Budget Office in the Finance Ministry is preparing the framework document which the final budget will be based on. There is no doubt that the budget will again have a deficit as the government continues to struggle to reduce expenditure...
At the beginning of 2015 several demonstrations took place in Iraq protesting the lack of new civil service positions due to the austerity budget. Graduates in particular were bitterly angry that they were not provided with jobs as was expected and had been happening in previous years. Politicians and...
