According to a report from AK News, the Iraqi government is planning to borrow $5 billion from the World Bank to fund its 2010 general budget deficit, Iraq’s acting Finance Minister said Wednesday. Iraq’s budget for 2010 is suffering a deficit of IQD23 trillion Iraqi dinars [approx $19bn] which the government is planning to narrow […]
Tag Archives | Iraq Budget News
Iraq Business News brings you the latest Iraq budget news – including the Iraq investment budget, Iraq infrastructure projects and more.
Iraq Seeking More Loans and Grants to ‘buttress’ the Budget
Iraq relies almost solely on oil revenues for its hard currency earnings, but latest gyrations in oil prices are said to have added to budget strains. “We are looking forward to obtaining more loans … mainly from donor countries,” Naib said.
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Higher Oil Prices Boost Iraqi Budget
“We will cover the budget with the difference in oil prices,” Zubaidi said. The Iraqi budget is based on oil prices at $62.5 per barrel, and in agreements already made “we sold at $74,” he said.
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Oil sales $1bn up on budget in 4 Months
Iraq earned more than $17 billion in the first four months of this year an Oil Ministry spokesman said. The spokesman, Assem Jihad, said the sum is one billion dollars in excess of budget expectations for 2010. “The ministry exported 222.7 million barrels in the first four months of this, earning the country $17.218 billion,” […]
Tags: Iraq Budget News, Oil & Gas
Barzani Approves Kurdistan Region’s 2010 Budget
President of Kurdistan region Massoud Barzani ratified on Wednesday the 2010 budget
Kurdistan’s Parliament to Discuss Budget Bill
Kurdistan region’s parliament will resume discussion of the general budget draft law on Thursday, according to the media advisor to the Parliamentary Chairman. “Parliament’s Speaker Kamal Karkouki invited all legislators to attend next Thursday’s session at 10:30 a.m. to resume discussing the draft law,” Tareq Jawhar told Aswat al-Iraq news agency. The parliament had discussed […]
$250 million to Support Iraq’s Fiscal Sustainability against External Shocks
The World Bank Group’s Board of Executive Directors today approved a US$250 million Development Policy Loan to the Government of Iraq.
Tags: Iraq Budget News, World Bank
Breakdown of Iraq’s 2010 Budget
The 2010 budget is for $71.29 billion and the second largest amount since Iraq regained its sovereignty in 2005. A breakdown of spending shows that operational spending, which goes towards salaries, pensions, and the food ration system is - again - almost ¾ of the budget, and that electricity appears to be the priority of […]
Real Estate Budget Conflicts for 2010 Reach to ID110 Bn
Commission of solving real estate commission has exposed that its budget for the next year is around ID110 billion, while it had announced its terminating to 77,000 lawsuits out of 157,000 relating to real-estate. In an exclusive statement to as-Sabah newspaper, head of the commission Ahmed Shia al-Barak said: the commission has been capable since […]