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Read More »Iraq to cut non-oil spending
BAGHDAD / Reuters Iraq, pressured by lower-than-expected oil prices, will cut non-oil spending in its 2016 budget by 15 percent and take on several billion dollars in international debt, it said in a memo which the International Monetary Fund released on Thursday. OPEC’s second-largest producer, which relies on oil exports for nearly all its revenue, has sought donor support …
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