A member of the Iraqi parliament has revealed that there is no budget left in Iraq’s treasury as the result of the financial mismanagement in the federal government.

MP Majida Tamimi on Saturday posted on her Facebook account that the lack of strong determination and a deep understanding for the economic situation has led the Iraqi government to the current crisis with an empty treasury.

Concerning a $1 billion worth of loan which the US has recently offered to Iraq, the MP says the economic situation is far worse that even this loan cannot help.

She claimed that the government has wasted “several billions of dollars” as a result of its mismanagement and corrupt governance.



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