Hanoi:Prime Minister Ali Faleh Al-Zaidi addressed the Parliament, stating that his government encountered three potential strategies to manage the financial crisis. These included implementing compulsory savings, distributing salaries every 45 days, or borrowing further, which risked increasing the national debt.

According to National Iraqi News Agency, Al-Zaidi emphasized that when he assumed office, the economy was struggling due to a halt in oil exports and the closure of the Strait of Hormuz. He also mentioned attempts by some parties to create divisions among the populace. At that time, the public debt exceeded 208 trillion dinars, and the government needed to secure 10 trillion dinars monthly to meet its obligations.

Despite the financial challenges, Al-Zaidi confirmed that salaries were paid, and he pointed out that previously, speculators benefited from fluctuations in the dollar exchange rate. He also announced plans to allocate one million residential plots and build new cities, with foundation stones for projects in Karbala, Najaf, and Nineveh to be laid soon. Additionally, he stated that disbursements to farmers and contractors would be doubled in the coming month.