Iraqi presidencies meet and discuss the federal budget

Twilight News

14 minutes ago

The meeting of the three presidencies began on Thursday evening to discuss the issue of the adoption of the Federal Budget Law 2018.

The meeting of the Presidents of the Republic Fuad Masum, the Federal Council of Ministers Haider Abadi and the House of Representatives, Salim Jubouri, after the start of the House of Representatives, today, Federal Budget Law.

The Iraqi parliament voted today on 12 articles in the federal budget, boycotting Kurdish deputies.

Promised the Kurdish blocs, the House of Representatives to vote on the articles of the draft federal budget law “in application of the policy of marginalization.”

The reduction of the share of the Kurdistan Region of Iraq in the budget of 2018, a broad rejection of Kurdish political forces, where the government reduced Abbadi, last November, the share of the province in the budget this year from 17 to 12.6 percent.

The revenues of the general budget are estimated at (91643667236) thousand dinars (ninety nine trillion six hundred and forty-three billion six hundred and sixty seven million and two hundred and thirty-six thousand dinars). The estimated revenues from the export of crude oil were calculated on the basis of the rate of 46 dollars per barrel at an export rate of 3 million Eight hundred and eighty-eight thousand barrels per day, including 250 thousand barrels per day from the Kurdistan Region.

The allocations of expenditures amount to (104158183734) thousand dinars (one hundred and four trillion and one hundred and fifty-five billion one hundred and eighty-three million and seven and thirty-four thousand dinars), while the total deficit planned budget (12514516498) thousand dinars (twelve trillion five hundred and fourteen billion five hundred and six Ten million and four hundred and ninety-eight thousand dinars)



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