On the sidelines of the Financial Supervisory Board's 2025 report: indicators of financial and administrative corruption, and the economic management crisis in Iraq

The Foundation for Future Iraq Economic Studies and Consultations, in its 2025 annual report, pointed to the continued structural imbalances in Iraq's state administration, where the problem is not only related to specific financial or administrative irregularities, but reflects a deeper crisis consisting of weak governance, declining efficiency of public institutions, and the continuation of a quasi-complete reliance on oil revenues.

The analysis of this data should proceed from the concept of institutional corruption, i.e. corruption does not represent an isolated individual behavior, but is linked to the political and administrative structure that allows intermingling of political and economic interests within state institutions. Since 2003, weak institution building, widespread political and administrative profits, and a lack of professional standards in public sector management, have led to the creation of an environment that has helped expand networks of influence and deplete public resources.

Therefore, the figures contained in the Financial Supervisory Board's report represent not only financial losses, but indications of a weak state's ability to shift its resources to services and economic development.

To continue reading, please click on the following link: