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Iraqi parliament approves a budget of $ 105 billion for 2015
- January 29, 2015
BAGHDAD Time -
- Iraq's parliament agreed Thursday to a budget of 119 trillion dinars ($ 105 billion) for 2015, an approval which became possible after the improvement of ties between Baghdad and the semi-autonomous Kurdistan region.
Budget expects -alta been modified to reduce the expected price of oil to $ 56 a barrel from originally supposed level of 70 Dolara- a deficit of $ 25 trillion dinars ($ 22 billion).
It is feared Iraqi Prime Minister Haider al-Abadi said lower oil revenues could harm the military campaign against al organizing the Islamic state who overran a large area in northern Iraq last summer.
The government of former Prime Minister Nuri al-Maliki has failed to pass a budget for 2014 after the deterioration of relations with the Kurds.
In contrast, the 2015 budget sign of growing goodwill between Baghdad and the Kurdish region with the participation of the parties in the fight against al-Islamic state.
The budget comes the culmination of a financial agreement between Baghdad and the Kurdish region that includes the Kurds to export 300 thousand barrels per day of oil from Kirkuk and 250 thousand barrels per day from fields in exchange for a share of 17 percent of the budget.
It is expected that the government deficit financed through treasury bills and government bonds and borrowing from local banks.
In addition to this Iraq plans to withdraw funds from the International Monetary Fund through its assigned SDR will create a tax on imported cars and mobile phone cards and run Alantert.
(Dollar = 1135 Iraqi dinars)
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- January 29, 2015
BAGHDAD Time -
- Iraq's parliament agreed Thursday to a budget of 119 trillion dinars ($ 105 billion) for 2015, an approval which became possible after the improvement of ties between Baghdad and the semi-autonomous Kurdistan region.
Budget expects -alta been modified to reduce the expected price of oil to $ 56 a barrel from originally supposed level of 70 Dolara- a deficit of $ 25 trillion dinars ($ 22 billion).
It is feared Iraqi Prime Minister Haider al-Abadi said lower oil revenues could harm the military campaign against al organizing the Islamic state who overran a large area in northern Iraq last summer.
The government of former Prime Minister Nuri al-Maliki has failed to pass a budget for 2014 after the deterioration of relations with the Kurds.
In contrast, the 2015 budget sign of growing goodwill between Baghdad and the Kurdish region with the participation of the parties in the fight against al-Islamic state.
The budget comes the culmination of a financial agreement between Baghdad and the Kurdish region that includes the Kurds to export 300 thousand barrels per day of oil from Kirkuk and 250 thousand barrels per day from fields in exchange for a share of 17 percent of the budget.
It is expected that the government deficit financed through treasury bills and government bonds and borrowing from local banks.
In addition to this Iraq plans to withdraw funds from the International Monetary Fund through its assigned SDR will create a tax on imported cars and mobile phone cards and run Alantert.
(Dollar = 1135 Iraqi dinars)
[You must be registered and logged in to see this link.]
