Iraqi Cabinet Approves cut to Planned Budget
Iraqi PM Haidar al-’Abadi’s cabinet approved the country’s 2016 budget on 18 October. The bill called for spending of ID106 trillion ($88bn at $1=ID1,200). This is 10% less than the $97bn in spending projected by the Finance Ministry’s original draft (MEES, 9 October), and follows extensive criticism of that draft’s lack of fiscal realism from parliamentarians and commentators.
The projected deficit of...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!