2021.03.15 – 20:07
Baghdad – People
The Parliamentary Finance Committee confirmed, on Monday, that there has been no change in the price of selling oil in the final version of the federal budget bill for 2021.
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Committee member Magda Al-Tamimi said in a statement to the official agency, followed by “People”, (March 15, 2021), that “the committee completed the discussion and amendment of the draft federal budget law for 2021 about a month ago,” noting that “the reason for the delay in settling the budget is due to the disagreement about Article 11 of the law relating to the Kurdistan region.
She added that “there is no change in the selling price of oil within the budget because the additional revenues that come from increasing the price of a barrel of oil will return to the budget,” indicating that “the Finance Committee set the selling price at $ 45 after it was $ 42 per barrel.”
She pointed out that “the deficit in the budget law amounts to 28.6 trillion dinars,” pointing out that “there are those who link the Federal Court Law and the Budget Law, but indirectly, which is what those existing disputes over the Federal Supreme Court Law have cast a shadow over passing the budget.”