The government cut the budget in 2017 to 77 billion dollars

2016/9/27 20:41

[Oan- Baghdad]

It announced Cabinet approval at its regular Tuesday to amend the bill the federal budget for fiscal year 2017, to reduce expenses.

A statement by the prime minister's office received by all of Iraq [where] a copy of it, that "the Council of Ministers approved on Tuesday an amendment to become as follows:

1 / the price of a barrel of oil to $ 42.

2 / export ceiling is 3,750,000 million barrels per day.

3 / reduce expenses to 90.224 trillion dinars [the equivalent of $ 77 billion.

4 / size indebtedness 5.608 trillion dinars.

**Thanks to MadScout **