Sunday, November 17, 2019

Iraqi's Question: Where does the oil money go?

The waves of protests in Baghdad and the Southern province of Iraq that started October 1st has left at least 320 people dead and thousands of people injured. The protestors have been fighting for the downfall of their political system that does not help their people.

Oil accounts for 85-90% of the state's revenue. The federal budget predicts $79 billion in oil money this year. Iraq’s economy has been improving in 2019 due to oil money. A protestor states “We are jobless and poor, but every day we see the flares of the oil fields. Where do the millions go?” This is extremely concerning, because Iraqi leaders are not changing how they use this oil money. Many Iraqi’s express the concern that this form of income is bound to collapse leaving the nation with nothing. 

These protests are fueled over their economy that is filled with oil money. This oil money has failed to provide jobs and failed to improve the lives of young people, who are the majority of the protestors. They claim that they “have had enough of blatant government corruption and subpar basic services.”  

Dominika Szczepaniak 
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