Middle East Monitor

Comprehensive country-by-country macroeconomic analysis, risk appraisals, latest market data and forecasts for the Middle East

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Economic Analysis - Fiscal Slippage, Reconstruction To Limit Pace Of Deficit Reduction - MAR 2018

Gulf January 2018 / Iraq / Economy

Iraq's budget shortfalls will decline over the coming years, on the back of rising oil revenues and government efforts to contain the public sector salary bill - a move encouraged by the IMF. That said, the pace of consolidation will be limited by rising capital expenditures in light of the reconstruction process and fiscal slippage in the run-up of the May 2018 elections.