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The #Iraq draft budget law has been issued for discussion at the Council of Minister meeting:
- Export of oil at 3.25m bpd
- Oil price based on $42 pb
- USD Exchange: 1450 IQD
- Expenditure: 150 Trillion IQD
- Income: 92 Trillion IQD: 73t from oil
- Deficit 58 Trillion IQD
- Export of oil at 3.25m bpd
- Oil price based on $42 pb
- USD Exchange: 1450 IQD
- Expenditure: 150 Trillion IQD
- Income: 92 Trillion IQD: 73t from oil
- Deficit 58 Trillion IQD
Income is set at 92 Trillion with oil revenue standing at 73 Trillion, an Average of 3.25 million export per day at $42
nonoil revenue is 18 Trillion, which is a very high number given past performance in generating income locally
nonoil revenue is 18 Trillion, which is a very high number given past performance in generating income locally
Expenditure total is 150 Trillion IQD, of which a staggering 122 trillion is operational costs and 28 Trillion for capital expenditure
The deficit is 58 Trillion of which 34 trillion is planned to be funded through the Central Bank and the rest from internal and external loans
The deficit is 58 Trillion of which 34 trillion is planned to be funded through the Central Bank and the rest from internal and external loans
KRG to submit 250k oil daily and must submit full account from 2004-2020. GoI to pay for 350,000 transportation cost of oil through the KRG pipeline. Deduct from KRG share a monthly installment to pay back TBI loan which stands at $4 billion
Number of KRG employees 682k
#Iraq
Number of KRG employees 682k
#Iraq
