Iraq 2018 Federal Budget Law

The Iraqi Parliament voted, on 3 March 2018, on the 2018 Federal Budget Law, as follows:

The annual spending budget is amounting to 104 trillion Iraqi Dinars (approximately 88 billion USD).

The revenues of the budget are estimated at 91.6 trillion Iraqi dinars, (approximately 77.4 billion USD).

The total deficit in the budget is 12.5 trillion Iraqi dinars, (approximately 10.58 billion USD).

The estimated revenues from the export of crude oil were calculated on the basis of the rate of 46 dollars per barrel at an export capacity of 3.88 million barrels per day, including 250 thousand barrels per day from Kurdistan region.

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