Iraq's budget deficit may reach 22%, IMF report says
2020-10-26T10:28:27+00:00
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.
