The general budget was approved by the Iraqi Council of Representatives late this year, it was voted on 31 March 2021 with an estimated deficit of 28 trillion dinars for a balance of 129 trillion dinars Against total general revenue 101 trillion dinars of oil revenue were planned at a precautionary oil rate ($45) based on the exchange rate (1450) while total non-oil revenue rose about 20 trillion compared to the 2020 budget.
Impact of high oil prices on Iraq’s 2021 budget
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