Baghdad, A member of the Parliamentary Finance Committee, Jamal Kougar, revealed some details of the state budget for the year 2023 and the date of its arrival in parliament.
He said in a statement to the National Iraqi News Agency (NINA): “The budget will reach parliament at the end of this month or the beginning of next month, if the government so desires, after its approval by the Council of Ministers.”
He explained that: “According to the leaks, the total amount of the budget will be in the range of 210 to 215 trillion Iraqi dinars after reducing the price of the dollar to 1300, that is, in the range of 130 to 140 billion US dollars.”
He stressed: “The price of a barrel of oil will be $70 per barrel,” noting: “The Kurdistan region’s share of the budget will be around 14% of the budget, and there is no dispute over it among the political blocs, given that this percentage is within the region’s share in the Ministry of Trade.”
He pointed out: “Parliament needs at least one month, once the budget arrives for approval,” indicating that “it will pass through political consensus after solving problems, most notably the shares of the governorates and the Kurdistan region.
Source: National Iraqi News Agency