Mustafa Faraj

Mustafa Faraj is an Iraqi economic expert who has spoken on the ongoing liquidity crisis affecting pension disbursements in Iraq. He attributes the financial difficulties to the country's heavy reliance on oil revenue, which accounts for about 90% of state resources, along with fluctuating oil prices and a large operational budget. Faraj emphasizes that the delay in pensions significantly impacts the economy, as approximately 60% of the local market relies on the stable incomes of employees and retirees.