Development

Iraq is broke. Add that to its list of worries.

Each month, Iraq’s government pays out nearly $4 billion in salaries and pensions to the military and a bloated array of public-sector workers. But with more than 90 percent of government revenue coming from oil, it is bringing in only about half that as crude prices plunge.

https://www.washingtonpost.com/world/middle_east/iraq-is-broke-add-that-to-its-list-of-worries/2016/03/04/2cf42594-d4af-11e5-a65b-587e721fb231_story.html?tid=sm_fb

AFP_8F64J-5102

Categories: Development

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