Twilight News / President of the Republic Barham Saleh, on Monday on the Federal Budget Law for the current year.
Saleh stressed in a statement the need to provide basic services to citizens, and start the stage of construction and reconstruction, praising the efforts that contributed to the preparation of the draft budget and study and legislation, whether in the government or the House of Representatives.
The Iraqi parliament approved on the 24th of last month the general budget of the country worth nearly $ 112 billion.
The budget revenues amounted to 106 trillion dinars (88.5 billion dollars), while expenditures were estimated at 133 trillion dinars (about 112 billion dollars).
While the total budget deficit amounted to about 23 billion dollars. The budget was estimated to account for revenues based on $ 56 per barrel of oil, at an export rate of 3.9 million barrels per day.
Oil exports account for up to 89% of revenues for this budget.
The proportion of investments amounted to 27.8 billion dollars, which enter the budget this year.
The budget included the return of the share of the Kurdistan Region, which was not received in the budget in 2018.
The new year's budget is 45% higher than last year and is among the largest in the country's oil history.
Iraq had approved the budget of 2018 with a total value of 77.5 billion dollars, with a deficit of 11 billion dollars.
Posting Permissions
Reply With Quote