Iraq sets oil price at $58 per barrel in 2027 draft budget, lawmakers say

​Iraq's ‌government has proposed ​an oil ‌price assumption of $58 a barrel for ‌its 2027 budget, lawmakers ‌familiar with the draft budget ⁠said ​on Tuesday, ⁠with total spending ⁠projected at 217 ​trillion Iraqi dinars ($166 billion) ⁠and a deficit ⁠of ​more than 40 trillion dinars.

($1 = ⁠1,309.5000 Iraqi dinars)