(MENAFN- Iraq Business News) By Mustafa Saadoun for Al Monitor . Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News .
Iraq increases deficit to pay salaries
The Iraqi parliament approved on November 12th the funding deficit law, entitling the government to borrow 12 trillion dinars ($10 billion) from internal and external parties in an effort to pay state employees who have seen their salaries delayed for nearly two months.
The loan value decreased from 41 trillion dinars ($34 billion) to 12 trillion dinars under the new law.
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