The number of readings 56
Section : Iraq
Baghdad / Obelisk: The Parliamentary Finance Committee announced today, Friday, January 29, 2021, to raise the price of a barrel of oil in the budget to $ 45
The committee’s reporter, Representative Ahmed Al-Saffar, said in a statement to the media that the committee reduced the total expenditures from 164 trillion dinars to below 130 trillion, in the draft Federal Budget Law for the fiscal year 2021, pointing out that the committee continues its sessions daily and for about two weeks, and the first review For all the articles included in the draft budget, and the final reading has begun.
He added that the committee has reached Article 12 and there are clear changes in the overall, and also there are proposals, as well as maximizing public revenues according to raising the price of a barrel of oil from 42 dollars to 45, thus reducing the deficit to more than 57%, i.e. less than 30 trillion.
He pointed out that there are other articles that remained pending, and usually remain for the last days in relation to the reduction and the transfer between the chapters, the inclusion of the budget, job grades, if any, and the region’s share.
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