Iraqi Budget Projects Record 2014 Expenditure
Iraq plans to spend a record ID174,600bn ($149.2bn) in 2014, up 26.1% from ID138,425bn ($118.3bn) in 2013, according to the draft federal budget drawn up in September by the Ministry of Finance. The draft, which has recently become available to MEES, is still preliminary and its numbers are likely to be amended first by the cabinet which has to approve it, before submitting it to the federal parliament for ratification.