Alsumaria News publishes draft budget law 2019, which includes the size of its revenues and deficit

[ltr] Wednesday, October 10,[/ltr]

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[ltr] Alsumaria News / Baghdad On Wednesday, Al-Sumerian News Agency published a draft budget law of 2019, which shows that the estimated revenues amounted to 105 trillion, 569 billion, 686 million and 870 thousand dinars, and an export rate of oil of 3 million and 880 thousand barrels per day. The draft public expenditure for the year 2019 will be 128 trillion and 443 billion and 52 million and 427 thousand dinars, indicating that the deficit will be around 22 trillion and 873 billion and 365 million and 557 thousand dinars will be covered by increases in oil prices or increased production and domestic and external borrowing. [/ltr]

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Budget of 2019 .. $ 56 rate of the price of a barrel of oil and raise the proportion of real estate tax



Wednesday, October 10,




Alsumaria News / Baghdad
The draft budget bill for Iraq for the next year 2019 revealed that the estimated revenues were calculated from the export of crude oil based on the average price of 56 dollars per barrel and an export rate of 3 million and 880 thousand barrels per day, including 250 thousand barrels per day of the quantities of crude oil produced in the provinces of Kurdistan Based on the exchange of 1182 dinars per dollar.

The draft, and seen by Alsumaria News, that "the total deficit planned for the federal budget for fiscal year 2019 amounted to 22 trillion and 873 billion and 365 million and 557 thousand dinars," indicating that "the deficit will be covered by the deficit of the abundance of the increase in prices of crude oil source or Increase crude oil exports ".


The draft said that "the share of the Kurdistan region of the total actual spending by the souls of each province after the exclusion of sovereign expenditures," noting that "the failure of the Kurdistan region to pay the federal revenues received to the federal public treasury will be deducted the quota set for them and the reconciliation is carried out later.

The draft said that "it prevents the appointment in all government departments in the manner of contracting with the possibility of renewal of previous contracts in the case of necessity and the duration of the contract is calculated for the permanent installers on the actual service and stop the appointments in the three presidencies," the House of Representatives and the Senate and the Council of Ministers and its affiliates.

The draft "Amendment of the Tax Ratio of the Real Estate Tax Law No. 162 of 1959, amended under section 6 of CPA Order No. 49 of 2004, from 10% to 12% of the annual revenues of real estate property."


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