Distributing oil revenues to Iraqis: "Economic collapse inevitable within two years"
- Author
- Tish Washington
- Published
- Sun 23 Mar 2025
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Distributing-oil-revenues-to-Iraqis-Economic-collapse-inevitable-within-two-years-e30hp9k
Distributing oil revenues to Iraqis: "Economic collapse inevitable within two years"
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Controversy is escalating in Iraq over lawsuits filed by citizens demanding their share of oil revenues. An expert has warned of the disastrous economic consequences of such demands, asserting that direct distribution of oil revenues would lead to the collapse of the Iraqi economy within just one year.
Oil revenues for 2024 are estimated at $90 billion, while non-oil revenues are estimated at only $13 billion, barely enough to cover the government's electricity, gas, and ration card purchases, expert Nabil al-Marsoumi told Shafaq News Agency.
