Iraq parliament approves al-Zaidi’s cabinet amid growing economic concerns
Summary
Iraq’s parliament has approved most of Prime Minister Ali al-Zaidi’s cabinet, including three deputy prime ministers, one of whom is under U.S. sanctions. The new government faces serious economic problems caused by the regional conflict, including a cash shortage and public debt.Key Facts
- Iraq’s parliament approved 11 cabinet positions and three deputy prime ministers.
- One deputy prime minister, Laith al-Khazali, is under U.S. sanctions due to links with a group labeled as a terrorist organization.
- The vote on the migration and displacement minister was delayed because of disagreements.
- Prime Minister al-Zaidi thanked parliament and called for commitment and integrity from his government officials.
- Iraq faces severe money shortages caused by the war between the U.S., Israel, and Iran starting in February 2026.
- Iraq’s main income comes from oil exports, which were about 3.5 million barrels daily before the conflict.
- Al-Zaidi devalued the Iraqi dinar by nearly 15% to help cover government costs.
- The government inherited a large public debt of about 208 trillion Iraqi dinars ($139 billion) and needs about 10 trillion dinars ($6.7 billion) monthly for salaries and spending.
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