The IMF: Iraq's budget deficit will reach 20%

Baghdad-ALSHARQIYA  October  26 : The International Monetary Fund suggested that Iraq's budget deficit would reach 22%, describing it as the worst in the Middle East and North Africa region.
Bloomberg quoted a report by the Fund that the economy in Iraq may contract by up to 10%, while it is expected that the budget deficit will reach 22% of GDP.
In addition, the World Bank expected that the Iraqi GDP per capita would drop to 4,282 dollars, the lowest level since 2006.


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