Iraq News - Local News - Baghdadpost

MP describes state budget as 'worst in Iraq’s history'


Falih al-Sari, member of the parliament’s financial committee, has called for challenging the state budget, which he described as the worst in the history of Iraq.

In a press conference, Sari said, “The budget is unfair. It does not include a chapter on investment or supporting the private sector.” He indicated that the state treasury, in light of the budget, will not cover the expenditures and that it includes burdens that harm the country.

“Even the price of the barrel is not reassuring,” he said, calling for “challenge against the budget, which is the worst in Iraq’s history.”

On Thursday, the Iraqi parliament approved the 2019 state budget after an hours-long vote. The approval ended weeks of deadlock over allocations to different provinces and privatization of state projects.

The budget projected oil exports of 3.88 million barrels per day (bpd), up from 3.8 million bpd for the previous year, at a price of $56 per barrel.

Last Modified: Thursday، 24 January 2019 02:23 PM