World, Economy, Middle East

Iraq's treasury almost empty: Prime Minister

Iraq has been roiled by turmoil since US invasion in 2003

Ali Jawad  | 19.05.2020 - Update : 19.05.2020
Iraq's treasury almost empty: Prime Minister


Iraqi Prime Minister Mustafa al-Kadhimi said Tuesday he has assumed power as the country's treasury was almost empty.

"When I assumed responsibility I found only an almost empty treasury and an unenviable situation after 17 years of change," al-Kadhimi said in an article published by Baghdad Today newspaper.

"Our sovereignty continued to be deficient, violated and doubted," he said.

The Iraqi premier said the crisis engulfs all state institutions and impedes the country's economic revival.

"The past period did not see any [effort to] upgrade vital sectors as the industry, investment, food self-sufficiency and others," he said.

Al-Kadhimi called on all political blocs in the Iraqi parliament to support his new government by voting to approve candidates for vacant portfolios.

Earlier this month, the Iraqi parliament gave a vote of confidence to al-Kadhimi and his partial cabinet, to succeed the resigned government headed by Adel Abdul-Mahdi.

Iraq has been rocked by economic, political and security problems since the US invasion in 2003, the emergence of Daesh/ISIS terrorist group and rise of pro-Iran militias in the country.

Popular protests erupted across Iraq in October to demand better living conditions and fight deep-seated corruption, leaving at least 600 people dead, according to rights group Amnesty International.

*Bassel Ibrahim contributed to this report from Ankara

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