The Iraqi Council of Representatives approved the budget for the year 2019 worth estimated at 112 billion dollars, where the budget revenues were estimated at 88 billion dollars on the basis of selling price per barrel of oil at $56 and exporting 3.88 million barrels per day, including a quarter million barrels exported from the Kurdistan region.
The deficit in the general budget amounted to $19.2 billion, which is covered by external and internal borrowing, and surplus in case of an increase in oil prices.
The draft budget law submitted by the Iraqi government contained 52 articles, three of which were canceled and about 30 new ones were added.
The budget for the year 2019 salaries covered the Kurdish Peshmerga forces, the military force in the semi-independent Kurdistan region, after the sharp differences between Baghdad and Erbil in the previous years on the financing issue of the Peshmerga. It also included the obligation of the government to return the members of army and police it broke their contracts earlier, and the fixing of contract employees, especially in the Ministry of Electricity and the Electoral Commission.
Source (Al-Hurra channel, Edited)
