Will Sudani Adopt the Previous Iraqi Government’s Economic Policies?

A handout picture released by Iraq's prime minister's office shows the new Prime Minister Mohamed Shia al-Sudani arriving for the official handover ceremony at the Republican Palace, the government's seat, in Baghdad's green zone. (Iraq's prime minister's office/ AFP)
A handout picture released by Iraq's prime minister's office shows the new Prime Minister Mohamed Shia al-Sudani arriving for the official handover ceremony at the Republican Palace, the government's seat, in Baghdad's green zone. (Iraq's prime minister's office/ AFP)
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Will Sudani Adopt the Previous Iraqi Government’s Economic Policies?

A handout picture released by Iraq's prime minister's office shows the new Prime Minister Mohamed Shia al-Sudani arriving for the official handover ceremony at the Republican Palace, the government's seat, in Baghdad's green zone. (Iraq's prime minister's office/ AFP)
A handout picture released by Iraq's prime minister's office shows the new Prime Minister Mohamed Shia al-Sudani arriving for the official handover ceremony at the Republican Palace, the government's seat, in Baghdad's green zone. (Iraq's prime minister's office/ AFP)

These days, we are seeing increasing speculation, especially among Iraqi elites and economists, about the extent to which the country’s new prime minister, Mohamed Shia al-Sudani, can reverse some of the critical economic decisions that the Coordination Framework had criticized Mustafa al-Kadhimi’s government of taking. Topping the list are the decision to devaluate the Iraqi dinar and a couple of other economic policies.

Dr. Nabil Al-Marsoumi, an academic and economist, said the program put forward by Sudani’s government did not mention reversing the decision to devaluate the currency by over a fifth - with 1,480 rather than 1,180 dinars becoming the equivalent of one US dollar.

The failure to reverse the decision of the former government demonstrates that its critics, most of whom are part of the pro-Iran Coordination Framework, had exploited the devaluation and its ramifications for the Iraqi people’s purchasing power as a pretext to undermine Kadhimi’s government.

“There was no amendment to the exchange rate in the government’s 2023 budget,” Marsoumi stressed. This affirms that Sudani’s government - and with it, the Coordination Framework deputies who dominate parliament - has backtracked on the exchange rate.

Marsoumi added that reversing the decision taken by Khadimi’s government and bringing the US dollar exchange rate back to 2020 levels would increase the government’s budget by 24 billion dollars.

He noted that over 50 MPs recently petitioned the government to reverse the decision. Sudani’s government, however, did not show any enthusiasm for this step, meaning that the decision taken by the former government had been correct despite the sharp criticism that had been levied at it at the time. Indeed, it is a decision several figures and platforms close to the Coordination Framework continue to criticize it.

Moreover, other economists have noted that the new government’s program did not mention the economic agreements that Kadhimi’s government had concluded with Arab countries.

Many within the Coordination Framework had criticized this decision and fiercely opposed it, especially those that are particularly close to Tehran.

Among them is the accord to sell Iraqi oil to Jordan at a discount and the economic agreements concluded with Egypt and Jordan, and the electric grid agreements with the Gulf states and Türkiye - more evidence that “Iraqi political forces usually pursue their private interests.”

While Sudani had called for reducing the salaries of high-ranking Iraqi officials, which he said would save the government 500 billion dinars (about 400 million dollars) a month, this seems unlikely. Indeed, many observers have said that they doubt Sudani will be able to do that since most ministers and senior officials are affiliated with the parties and groups in power. They are not simply going to roll over and surrender their privileges.

Experts believe that instead of a reduction in salaries, we could see Sudani make cuts to the privileges and financial incentives that come with such positions. In fact, they often cost the government multiples of the officials’ salaries. These incentives often take the form of funds allocated to the minister or official’s office, as well as a budget allocated for security.



The US Election by Numbers

Clark County Election Workers inspect mail-in ballots for the 2024 Election at the Clark County Election Department in North Las Vegas, Nevada, USA, 02 November 2024. (EPA)
Clark County Election Workers inspect mail-in ballots for the 2024 Election at the Clark County Election Department in North Las Vegas, Nevada, USA, 02 November 2024. (EPA)
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The US Election by Numbers

Clark County Election Workers inspect mail-in ballots for the 2024 Election at the Clark County Election Department in North Las Vegas, Nevada, USA, 02 November 2024. (EPA)
Clark County Election Workers inspect mail-in ballots for the 2024 Election at the Clark County Election Department in North Las Vegas, Nevada, USA, 02 November 2024. (EPA)

Swing states, electoral college votes, candidates up and down the ballot, and millions of potential voters: Here is the US election, broken down by numbers.

- Two -

Several independents ran -- and at least one, Robert F. Kennedy Jr, stumbled into a number of eyebrow-raising headlines.

But in the end, the presidential race comes down to a binary choice, with the two candidates from the major parties -- Democrat Kamala Harris and Republican Donald Trump -- seeking to lead a polarized America.

- Five -

November 5 -- Election Day, traditionally held on the Tuesday following the first Monday in November.

- Seven -

The number of swing states -- those which don't clearly favor one party over the other, meaning they are up for grabs.

Harris and Trump are courting voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin, concentrating their campaign efforts there in a push to ensure victory.

In a razor-tight election, just a handful of votes in any of those states could decide the outcome.

- 34 and 435 -

Voters won't just decide the White House occupant on Election Day -- they will also hit refresh on the US Congress.

Thirty-four Senate seats and all 435 spots in the House of Representatives are up for grabs.

In the House, members serve a two-year term. Republicans currently have the majority, and Harris's Democrats will be hoping for a turnaround.

In the Senate, 34 seats out of 100 are available, for a six-year term. Republicans are hoping to overturn the narrow Democratic majority.

- 538 -

Welcome to the Electoral College, the indirect system of universal suffrage that governs presidential elections in the United States.

Each state has a different number of electors -- calculated by adding the number of their elected representatives in the House, which varies according to population, to the number of senators (two per state).

Rural Vermont, for example, has just three electoral votes. Giant California, meanwhile, has 54.

There are 538 electors in total scattered across the 50 states and the District of Columbia. To take the White House, a candidate must win 270 votes.

- 774,000 -

The number of poll workers who made sure the 2020 election ran smoothly, according to the Pew Research Center.

There are three types of election staff in the United States.

The majority are poll workers -- recruited to do things like greet voters, help with languages, set up voting equipment, and verify voter IDs and registrations.

Election officials are elected, hired or appointed to carry out more specialized duties such as training poll workers, according to Pew.

Poll watchers are usually appointed by political parties to observe the ballot count -- expected to be particularly contentious this year, thanks to Trump's refusal to agree to unconditionally accept the result.

Many election workers have already spoken to AFP about the pressure and threats they are receiving ahead of the November 5 vote.

- 75 million -

As of November 2, more than 75 million Americans had voted early, according to a University of Florida database.

Most US states permit in-person voting or mail-in voting to allow people to deal with scheduling conflicts or an inability to cast their ballots on election day itself on November 5.

- 244 million -

The number of Americans who will be eligible to vote in 2024, according to the Bipartisan Policy Center.

How many of those will actually cast their ballot remains to be seen, of course. But the Pew Research Center says that the midterm elections of 2018 and 2022, and the presidential vote of 2020, produced three of the highest turnouts of their kind seen in the United States in decades.

"About two-thirds (66 percent) of the voting-eligible population turned out for the 2020 presidential election -- the highest rate for any national election since 1900," Pew says on its website.

That translated to nearly 155 million voters, according to the Census Bureau.