Gilgamish Press

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Iraq is recovering economically … surplus revenues and no deficit so far

The Financial Committee of the Iraqi Council of Representatives, on Friday, the fact that the budget deficit in 2019, the Iraqi state.

“I wrote a report on the budget of 2019, about the first months in terms of revenues and expenses, it turned out that there is a surplus in revenues, it is more than expenses,” committee member Magda al-Tamimi said in an interview.

Tamimi said that “Iraq’s budget for 2019, do not suffer from a deficit to this moment, and I will publish a report to public opinion, on the financial abundance, owned by the government, and the absence of a real deficit so far.”

The House of Representatives, voted on Wednesday (23, January 2019), in the presence of 287 deputies, the Federal Budget Law of the Republic of Iraq for fiscal year 2019.

The revenue of the federal budget for the year 2019 (one hundred and five trillion five hundred and sixty-nine billion six hundred and eighty-six million and eight hundred and seventy thousand dinars) and the calculation of revenues from the export of crude oil at a rate of $ 56 per barrel and an export rate of 38.8 million barrels per day.

The expenditure in the draft law included the allocation of one hundred and thirty-three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars, while the total deficit planned for the federal budget (twenty-seven trillion and five hundred and thirty-seven billion nine hundred and twenty-nine million and five hundred and forty-two thousand Dinar). Source