Iraq completes 2010 budget

25 September 2009

Parliament set to debate and approved bill

The Iraqi Finance Ministry has completed the proposed national budget for 2010.

No figure for the budget has yet been released. According to a statement on the ministry’s website, the budget will be sent to parliament for debate and approval on 27 September.

The government wants to increase oil exports in 2010 to boost government funds.

Iraq has suffered from a budget deficit of about $20bn in 2009, after the oil price collapse in the second half of 2008.

In November 2008, the government set the 2009 budget at $80bn, but slashed it to $58bn by the time parliament approved the bill in March.

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