Even with devalued currency, new Iraqi budget proposes record deficits
A leaked copy of the Cabinet's provisional 2021 draft budget confirms a major currency devaluation — and an unchecked trend of unsustainable spending.
Iraqis who recently graduated with engineering degrees protest for jobs outside the main gates of the Basra Oil Company headquarters on Oct. 11, 2020, forcing workers to use alternate entrances. (JASSIM AL-JABIRI/Iraq Oil Report)
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