Iraq parliament approves 2021 budget as Baghdad faces economic crisis ...Kuwait

Iraq's 2021 budget was revealed by authorities on Thursday.Iraq's parliament unveiled a 2021 budget on Thursday that foresees a deficit of around $20 billion, as it struggles with a financial and economic crisis exacerbated by the coronavirus pandemic. The government forecasts revenues of $69.9 billion based on oil exports of 3.25 million barrels per day. The budget set a barrel of oil at $45, well below the market price of $60. Iraq last approved a budget in 2019, but the following year it failed to adopt a budget as it faced nationwide protests and a change of government. War-scarred Iraq is the second biggest crude producer in the OPEC oil cartel, but it has been wrestling with mounting

Hence then, the article about iraq parliament approves 2021 budget as baghdad faces economic crisis was published today ( Thursday 01/04/2021 - 11:46 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Iraq parliament approves 2021 budget as Baghdad faces economic crisis )

Also on site :

• Here’s how 2025 killed old-school diplomacy
• Quantum Computing in Financial Services Market Set to Reach USD 6.3 Billion by 2032 as Banks Move from Experimentation to Quantum Advantage .. DataM Intelligence
• The Board of Directors of SciBase resolves on a previously communicated rights issue of shares of approximately SEK 83 million