Iraq cabinet approves 2023 draft budget

Iraqi PM says the deficit is estimated to come to 63 trillion dinars in the new 197.828 trillion-dinar budget.

CAIRO - Iraq's cabinet has approved a 2023 draft budget of 197.828 trillion Iraqi dinars ($135.6 billion), Prime Minister Shia al-Sudani said on Monday.

“The deficit is estimated to come to 63 trillion dinars in the new budget,” he added.

The draft budget will be referred to parliament for approval.