Economic Indicators
Iraq approves record 2023 budget of $153 billion with massive public hiring
2023.06.11 22:01
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© Reuters. Iraqi lawmakers attend a parliamentary session to vote on the federal budget at the parliament headquarters in Baghdad, Iraq, June 11, 2023. Iraqi Parliament Media Office/Handout via REUTERS
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BAGHDAD (Reuters) – 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.
