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Shafaq News / The Iraqi President, Barham Salih, blessed, on Wednesday, the vote on the fiscal budget law for 2021.
Salih hailed, in his tweet on Twitter, "hard work between the government and parliament," expressing his hope that "he will meet the aspirations of the Iraqi people for better living conditions."
"We now have the right to implement it in a way that guarantees the interests of citizens and rebuild the nation, and take the most measures to support low-income classes, provide job opportunities for our youth, and combat corruption," he added.
And the Iraqi parliament voted, on Wednesday (March 31, 2021), on the federal budget law for the fiscal year 2021, with a deficit of more than 28 trillion dinars, and a tug of war that lasted for months.
The general budget revenues amounted to more than 101 trillion Iraqi dinars, while expenditures were estimated at 129 trillion.
The price of a barrel of oil was calculated in the budget at 45 dollars instead of the Iraqi dinar, and the government's proposed price for a dollar was fixed at 1450 dinars per dollar.
Parliament also voted for the Kurdistan Region’s share of 12.67 from the size of the general budget, about 10 trillion dinars.
Passing the 2020 budget was stalled due to disagreements and a financial crisis, at a time when Iraq voted on the general budget for 2019, which amounted to 106 trillion dinars, while expenditures were estimated at 133 trillion dinars, with a deficit of 27.5 trillion dinars.
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