Government to review annual budget due to oil prices

[Stillw8n]

Government to review annual budget due to oil prices
10/6/2011 1:01 PM

BAGHDAD / Aswat al-Iraq: The Iraqi annual budget will be reviewed due to differences on oil prices, a member of the Parliamentary Financial Commission said today.

MP Haitham al-Jubori added that the differences center around the expected price of 85 dollars per barrel, pointing out that the government wanted to set the price at 80 dollars per barrel.

This review necessitates sending the budget estimates to the Ministry of Finance for final submission to the Cabinet.

He added that it will be finished within the coming two weeks for voting in the parliament.

The total federal budget reached 131 trillion Iraqi dinars, with an increase of 36 percent compared to last year.

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