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Iraq government reveals financial plan for 2021
(MENAFN)A financial plan for the current year, which predicts a failure of nearly USD20billion, has been revealed on Thursday by the Iraq’s government, while it suffers a financial and economic disaster exaggerated by the outbreak.
The amount of expected incomes reached USD69.9 billion according to oil exports of 3.25 million barrels per day
The budget determined the price of oil barrel to be USD45, which is cheaper than the market price of USD60.
Iraqi government had the last acceptation of a budget in the past two years. While in 2020 it did not succeed to agree on a budget because of the nationwide demonstrations and the change of government.
War-scarred Iraq is considered the second biggest basic creator in the OPEC oil cartel. On the other side, it has been struggling with the expanding financial and economic problems.
The amount of expected incomes reached USD69.9 billion according to oil exports of 3.25 million barrels per day
The budget determined the price of oil barrel to be USD45, which is cheaper than the market price of USD60.
Iraqi government had the last acceptation of a budget in the past two years. While in 2020 it did not succeed to agree on a budget because of the nationwide demonstrations and the change of government.
War-scarred Iraq is considered the second biggest basic creator in the OPEC oil cartel. On the other side, it has been struggling with the expanding financial and economic problems.
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