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Iraq approves record 2023 budget of $153 billion with massive public hiring

2023-06-12 09:50
BAGHDAD Iraq's parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out
Iraq approves record 2023 budget of $153 billion with massive public hiring

BAGHDAD Iraq's parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war.

The budget deficit is estimated at a record 64.36 trillion Iraq dinars, more than double the last budget deficit in 2021, according to a budget document and lawmakers.

(Reporting by Ahmed Rasheed and Timour Azhari; Editing by Shri Navaratnam)