Baghdad ( CNN ) -- Iraq 's Prime Minister Nuri al-Maliki will not run for a third term when his current one expires in 2014 , the nation 's state television reported Sunday . Al-Maliki is also working to pass legislation that limits his successors to a maximum of two four-year terms in office , a senior parliamentary advisor told CNN . `` If al-Maliki passes this constitutional amendment then that means he definitely wo n't be a prime minister for a third term , '' said Ali Hadi al-Moussawi , an adviser to the prime minister . Iraq 's constitution restricts the country 's president from seeking a third term but does not set term limits for the prime minister or members of parliament . The news comes two days after al-Maliki said he would cut his salary in half amid growing unrest over poor public services and water shortages . Protesters around Iraq have said popular uprisings in both Egypt and Tunisia inspired their weeklong demonstrations for improvements in government services and their quality of life . Thousands have rallied across the country in the past week , railing against rampant poverty , a 45 % national unemployment rate and shortages of food , electricity and water , including several hundred in three different parts of Baghdad on Friday . Al-Maliki said those concerns prompted his decision to axe his salary , which he said would `` help reduce the differences in the living standards for different classes . '' `` Fifty percent of my monthly salary as prime minister will be reduced and returned to the government 's treasury starting from the current month , as a contribution from me to reduce the difference in the salaries of the state officials , '' al-Maliki said in a statement on his official website . Meanwhile , Iraq 's government submitted a revised draft budget to members of parliament Sunday , boosting projected public spending amid rising oil prices and slight decreases in the country 's expected oil exports , according to government spokesman Ali al-Dabbagh . The new plan would create projected deficits of up to 16 percent , he said . The budget is based on an average oil price of $ 76.5 per barrel and projected exports of 2.2 million barrels of oil per day , including 100,000 daily barrel exports from Iraq 's autonomous Kurdish region . CNN 's Mohammed Tawfeeq contributed to this report .
NEW : Revised budget will boost public spending amid rising oil prices , official says . The government has proposed a new fiscal plan that would increase the country's annual deficit by about 1 trillion euros ($2 trillion) over two years, Finance Minister Wolfgang Schaeuble said on Tuesday. The new plan adds to projected deficits . Al-Maliki wants to pass legislation that limits successors to two four-year terms . Iraq 's constitution does not set term limits for the prime minister or lawmakers .