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Category: Iraqi Budget

Next Permanent Government will present Iraqi Budget 2020: Al-Aqabi

Next Permanent Government will present Iraqi Budget 2020: Al-Aqabi

The Iraqi Parliamentary Legal Committee has confirmed the presence of legal treatment about the delay in the Iraqi Financial Budget Law for 2020. A member of the Committee, Hussein Al-Aqabi issued a press statement and says, “The committee has legal treatment, which is the previous financial management law that we previously resorted to in the year 2014 when spending is done on the budget law for 2019 at a rate of 1 to 12”. He also pointed out that the…

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Iraqi Finance Ministry announced important points about the 2020 Budget

Iraqi Finance Ministry announced important points about the 2020 Budget

The Iraqi Finance Ministry has announced that the Iraqi budget 2020 has gained advanced stages in its discussion. It was also said that the ministry did not adopt a fixed price of a barrel of oil with a daily export of 3 million and 800 thousand barrels, including 250 thousand barrels share from the Kurdistan region. The Undersecretary of the Ministry Dr. Maher Hammad Johan issued a press statement. The statement has indicated that the budget for the next year…

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Finance Committee will not receive 2020 Budget with Massive Fiscal Deficit

Finance Committee will not receive 2020 Budget with Massive Fiscal Deficit

The Iraqi Parliamentary Finance Committee has decided not to receive the 2020 budget from the government if it contains a large fiscal deficit. The Committee is continuously managing meetings with the Iraqi Finance Ministry in order to discuss ways reducing the budget deficit and dependence on non-oil revenues. The Chairman of the Committee, Haitham al-Jubouri issued a press statement that the budget for the coming year is still in the stages of preparation by the concerned government authorities. He added…

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Iraqi Budget 2020 deficit could reach 30 Billion U.S Dollars

Iraqi Budget 2020 deficit could reach 30 Billion U.S Dollars

A deputy in the Iraqi parliament pointed out that the deficit in 2020 budget could reach 30 billion U.S dollars. It might cause an unprecedented crisis. The MP pointed out in a statement, “There are expectations that Iraq will be on a new date with a fiscal deficit during the next year 2020”. He added that there are a number of indicators and predictions showing that it will be more critical in at least past 16 years in light of…

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