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The Iraqi parliament approved, on Wednesday, the draft general budget bill after months of obstruction due to controversial paragraphs that almost led to political conflicts, adding more complexity to the political scene in the country.
Parliament raised the size of the general budget for 2021 before its approval to more than 101 trillion Iraqi dinars, or about $ 69 billion, up from the government's estimate of 96 trillion Iraqi dinars.
Parliament has also raised operational expenditures, proposed by the government, to ninety trillion dinars, making the total deficit after accounting for other expenditures amounting to more than 28 trillion dinars, according to a copy of the draft budget published by the official Iraqi agency.
The government calculated the price of a barrel of oil on the basis of 42 dollars per barrel and an export rate of 3.25 million barrels per day, but Parliament calculated it at a price of up to 45 dollars, using the Iraqi currency in assessing the price of a barrel instead of the dollar, which ended a major political debate about the restoration of government support for the value of the dinar. Iraqi against the dollar.
With regard to the Kurdistan region of Iraq, the budget obliged the region to pay at least 250 thousand barrels per day of oil field production in the Iraqi region to the Iraqi government for export in exchange for paying the salaries of public employees in the region and settling the dues between the two sides "after being audited by the Office of Financial Supervision."