Middle East Economic Survey

VOL. LIV

No 10

7-Mar-2011

IRAQ

Iraqi Parliament Approves Record 2011 Budget Based On $76.50/B Oil Price

The Iraqi parliament on 20 February gave the final green light to the 2011 draft budget after several unsuccessful attempts that necessitated the return of the budget to the government for fine tuning due to political haggling (MEES, 14 February). According to the 2011 budget law, federal revenue is projected at ID80,934.8bn ($69.2bn) based on an oil price...