Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
The Iraqi parliament on 29 January passed the 2015 budget bill, projecting a deficit of ID25 trillion ($21bn) after trimming its oil price assumption down to $56/B from $70/B in an earlier draft. The projected deficit will require heavy borrowing by the state from local and international financial institutions, as Baghdad grapples with the twin threats of sharply lower oil prices and the Islamic State. The bill formalizes an oil export and revenue-sharing agreement with the Kurdistan Regional Government (KRG), despite objections by some members of parliament to what they see as preferential treatment of the KRG, which will receive 17% of actual federal expenditure.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE