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Iraq Faces $237M Monthly Pension Shortfall | Iraq News
Iraq faces a significant monthly funding gap of approximately $237 million for pensions, amidst a backdrop of rising retiree numbers and increasing financial strain. With about three million retirees, including military personnel, the situation is exacerbated by thousands retiring monthly, causing ongoing funding shortages. Additionally, a budget deficit of around $20 billion has surfaced in the first eight months of the year, highlighting serious concerns for the country's financial stability
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