Iraqi parliament approves 2021 budget of $89 bln –lawmakers

Iraq's parliament on Wednesday approved the 2021 budget of 130 trillion Iraqi dinars ($89.65 billion) as the country wrestles with an economic and financial crisis due to low crude prices. (The budget is set on $1 = 1,450 Iraqi dinars)

Reuters | Baghdad | Updated: 01-04-2021 02:01 IST | Created: 01-04-2021 01:54 IST
Iraqi parliament approves 2021 budget of $89 bln –lawmakers
Representative Image Image Credit: Wikimedia

Iraq's parliament on Wednesday approved the 2021 budget of 130 trillion Iraqi dinars ($89.65 billion) as the country wrestles with an economic and financial crisis due to low crude prices. The budget deficit is estimated at 28.7 trillion Iraqi dinars ($19.79 billion), lawmakers said.

The 2021 budget set an oil price of $45 a barrel and expected oil exports of 3.25 million barrels per day (bpd), including 250,000 bpd from the Kurdish region, according to a budget document and lawmakers. (The budget is set on $1 = 1,450 Iraqi dinars)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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