By John Lee.
On Thursday parliament approved Iraq’s 2019 budget.
According to AFP, at $111.8 billion it is one of Iraq’s largest ever spending bills, and represents a nearly 45 percent increase from last year.
It assumes exports of 3.9 million barrels of oil per day in 2019, including 250,000 bpd from Iraqi Kurdistan, at an average of $56 per barrel (compared to $63 per barrel at the moment).
(Sources: AFP, Reuters)