The Iraqi government approved the draft financial budget for 2019 and referred it to the parliament for discussion and approval. The financial expenses in the draft budget amounted to 128.4 trillion Iraqi dinars (about 108 billion dollars) with a financial deficit of 22.8 trillion dinars (about 19 billion dollars).
The rate of oil export per day by 3 million and 880 thousand barrels, including 250 thousand barrels per day of the quantities of crude oil produced in the provinces of the North, at $ 56 per barrel. The financial deficit will be covered by the financial abundance of the increase in crude oil prices or the increase of oil exports during 2019.
It worth noting that the value of the Iraqi budget for the current year 2018, amounted to 104 trillion dinars (88.1 billion dollars), while estimated revenue 91.6 trillion dinars ($ 77.6 billion) and the deficit was 12.4 trillion dinars ($ 10 billion).
Source: (Al-Arabi Al-Jadeed newspaper, Edited)
