Iraq’s cabinet has approved a draft budget law for 2023 to 2025, which will now be referred to parliament for approval and possible amendments. The operational expenditures stands at 150.27 trillion dinar or about $115.59 billion. Investment expenditures will be about $35.58 billion. The budget calculations are based on an oil price of $70 a barrel with average daily output of 3.5 million barrels…this is the first time Iraq is proposing a multi-year budget…
