Amid battle with IS, Iraq parliament approves next budget
BAGHDAD — Iraq’s parliament has approved next year’s budget of about 100.67 trillion Iraqi dinars, or nearly $85.17 billion.
Lawmaker Ashwaq al-Jabouri said after Wednesday’s session that the 2017 budget will run with a deficit of 21.65 trillion dinars, or about $18.32 billion. Al-Jabouri said the budget is based on an oil price of $42 per barrel and a daily export capacity of 3.75 million barrels.
She says the budget introduces new taxes and cuts in government salaries and pensions.