Iraq Liquidity Crisis May Delay Pensions and Social Welfare Payments

BAGHDAD, Iraq — A liquidity shortage and a decline in public revenues in Iraq have created a risk of delayed payments for retirees and individuals covered by the social protection network. An informed source stated that a portion of civil servant salaries from last month are still being processed, with some employees awaiting their allocations. The source noted that the ongoing liquidity bottleneck could affect the payment schedule for pensions and social assistance if necessary funding is not secured. These delays in civil servant salaries are seen as a reflection of the financial pressures currently facing the state treasury. The source added that the government is expected to take steps to secure the required liquidity to ensure payments are made regularly.