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.

($1 = 1,458.5200 Iraqi dinars)

(Reporting by Hatem Maher and Muhammad Al Gebaly; Editing by Hugh Lawson)