THE VALUE OF THE FISCAL DEFICIT IN THE BUDGET OF IRAQ 2021 IS MORE THAN 52 TRILLION DINARS
17 Dec 2020
Baghdad-Al-Sharqiya December 17: A leaked draft of the general Iraqi budget for the year 2021 showed an increase in the value of the financial deficit to 58 trillion and 260 billion and 763 million Iraqi dinars, with a financing gap of more than 35 trillion Iraqi dinars.
According to the draft of the project, the federal budget revenues are estimated at 91 trillion, 790 billion, 155 million and 429 thousand dinars, calculated on the basis of the average oil price of 42 dollars per barrel, at an export rate of 3 million and 250 thousand barrels per day, including 250 thousand barrels of oil from the Kurdistan region. According to the leaked draft, the dollar exchange rate against the Iraqi dinar has been fixed on the basis of 1450, which is two hundred and sixty dinars higher than the exchange rate established in the previous budget, as its price was 1190 dinars in previous budgets.
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