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Iraq's budget deficit may reach 22%, IMF report says

Category: Economy

Date: 2020-10-26T10:28:27+0000
Iraq's budget deficit may reach 22%, IMF report says

Shafaq News / The International Monetary Fund expected on Monday that Iraq's budget deficit would reach 22% of GDP.

IMF added in a report that the economy may contract by up to 10%, noting that the expected deficit is the worst in the Middle East and North Africa.

It is noteworthy that the World Bank expected in a previous report that the Iraqi GDP per capita will drop to 4282 dollars, the lowest level since 2006.


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