Economics
Iraqi 2019 budget on $55-60 calculations, ministry
Iraqi finance ministry disclosed that the next year’s budget, 2019, will be calculated on new oil prices. The ministry said that the calculations will depend on $55-60 per barrel, with exports expected to reach 4 mn bpd, including the Kurdish oilfields. This increase in the budget calculations will help the government to enhance its expenditures on educational, health, social assistance spheres, the ministry added. It added that the increase in oil prices helped the Iraqi government to stop internal and external borrowing.
Source: http://www.iraqtradelinknews.com/2018/09/iraqi-2019-budget-on-55-60-calculations.html
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