Oil Revenue Slump "Leaves Iraq Facing $23bn Budget Deficit"

By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

Oil Revenue Slump Leaves Iraq Facing $23bn Budget Deficit

Iraq's oil revenues have slumped as a result of the disruption to exports caused by the Iran war, leaving the government facing a widening budget deficit and growing pressure to fund public-sector salaries.

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