The Iraqi government estimated the deficit in the current year’s budget at nearly 80 trillion dinars ($ 65 billion), which is the highest deficit in the history of Iraq, which is plaguing declining crude export revenues and the repercussions of the Coronavirus outbreak and corruption in its financial and economic situation.
After the passage of more than 8 months of the year, Parliament is heading to vote on the budget, next October, after the Council of Ministers approved the budget law and sent it to Parliament for study and voting on it.
In addition, despite the approaching year to the end, there was a legal problem regarding the need for a budget to know the revenues, what was spent, and the deficit. Therefore, the budget will not witness disagreements on the grounds that it is a past act, amid the understanding of the majority of the political blocs for this, despite the presence of objections to the disparity between the expenditures of the provinces.
This year's budget will reach about 148 trillion dinars, with the price of oil at $ 40 a barrel, and without any new job grades, due to the recent chaos of random appointments that occurred during the period of former Prime Minister Adel Abdul-Mahdi.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
