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The House of Representatives votes on the 2021 budget, with a deficit of 28 trillion dinars
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The Iraqi Parliament voted yesterday evening, Wednesday, on the Federal Budget Law for the fiscal year 2021, with a deficit of more than 28 trillion dinars.
The general budget revenues amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion.
The price of a barrel of oil was calculated in the budget at 45 dollars instead of the Iraqi dinar, and the government's proposed price for a dollar was fixed at 1450 dinars per dollar.
Parliament also voted for the Kurdistan Region’s share of 12.67 from the size of the general budget, about 10 trillion dinars.
Passing the 2020 budget was stalled due to disagreements and a financial crisis, at a time when Iraq voted on the general budget for 2019, which amounted to 106 trillion dinars, while expenditures were estimated at 133 trillion dinars, with a deficit of 27.5 trillion dinars.
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