AGBI

Iraq budget deficit triples to $16bn as oil revenues slump

Iraq’s budget deficit more than tripled in two months after disruption to oil exports through the Strait of Hormuz sharply cut government revenues. The fiscal shortfall surged from $5 billion at the end of April to $16 billion at the end of June, according to finance ministry data. Actual revenues were around ID36 trillion ($27.5 […]

By AGBI

1 min read
Iraq budget deficit triples to $16bn as oil revenues slump
Iraq budget deficit triples to $16bn as oil revenues slump

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