INA - Baghdad
Parliamentary Finance Committee confirmed that there was no change in the price of selling oil in the final draft of the federal budget 2021.
"The committee completed the discussion and amendment of the draft federal budget law 2021 about a month ago," said committee member Majida Al-Tamimi in a statement to the Iraqi News Agency (INA).
Al-Tamimi noted that "the reason for the delay in settling the budget is due to the disagreement over Article 11 of the law, which pertains to Kurdistan – KRG,”
"There is no change in the selling price of oil within the budget because the additional revenues that come from increasing the price of a barrel of oil will return to the budget," she indicated and added, "the Finance Committee set the selling price at $ 45 after it was $ 42 per barrel,"
She explained that "the deficit in the budget law amounts to 28.6 trillion dinars," pointing out that "there are those who link between the Federal Court Law and the Budget Law, but indirectly, which is what those existing disputes over the Federal Supreme Court Law have cast a shadow over the passage of the budget,"