By John Lee.
Iraq's Parliament (House of Representatives) has approved the Federal Budget Law for 2021 on Wednesday night.
The budget is reportedly based on an oil price of $45 per barrel, and oil exports of 3.25 million barrels per day, giving a budget of 129 trillion Iraqi dinars ($89 billion) and a budget deficit of 28.7 trillion trillion Iraqi dinars ($19.79 billion).
The 2021 budget set an oil price of $45 a barrel with expected oil exports of 3.25 million barrels per day.
(Sources: Iraqi Parliament, Bas News, Shafaq, AP)