Iraq: Parliament Passes 2010 Budget
January 26, 2010
Iraq’s parliament Jan. 26 approved the 2010 budget, setting spending at 84.7 trillion dinars ($72.4 billion) and the deficit at 22.9 trillion dinars ($19.6 billion), Reuters reported, citing lawmakers. The lawmakers said the budget is based on an expected oil price of $62.5 per barrel, with revenues from expected oil exports of 2.15 million barrels per day in 2010.