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Iraq approves IQD 119.5 trln 2015 budget

Iraq approves IQD 119.5 trln 2015 budget
Photo Credit: Arabianeye-Reuters


Iraq's parliament approved a budget draft law worth IQD 119 trillion ($105 billion) for the fiscal year 2015 on Thursday.

 

Moreover, the budget foresees a deficit of around IQD 25 trillion.


Meanwhile, the revenues are projected to stand at around 94 trillion as the budget is based on $56 a barrel of crude and the oil exports are expected to reach 3.3 million oil barrels per day (bpd), including 250,000 bpd from Kurdistan and 300,000 bpd from Kirkuk.