Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》

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

2023-06-12 09:54
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)