Iraq Budget Based on $70/barrel

By John Lee.

Finance Minister Hoshiyar Zebari said he will soon present his proposed 2015 budget to Cabinet, based on an oil price of $70 per barrel.

The Minister said:

We are proposing a budget of $100 billion. This is projected ...

“We have based our projections on about $70 a barrel. This could fluctuate. You have no assurances or guarantees.”

The government was not able to present a 2014 budget.

(Source: Arab News)

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