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Iraq
Iraqi Cabinet Approves $102.5 Billion Budget for 2015
2014-12-25
[AnNahar] The Iraqi cabinet on Tuesday approved a $102.5 billion budget for 2015 based on a projected oil price of $60 a barrel, Prime Minister Haider al-Abadi's front man said.

Rafid Jaboori also said that the projected deficit for the year is $19.1 billion. He did not give details on how the funds will be allocated.

Abadi's office issued a statement saying that the cabinet had approved the budget and that the premier has formed a committee to rework some parts of the draft law in legal terms.
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