Experts: The budget of 2019 eliminates the agreement with the International Monetary Fund International Monetary Fund

The new budget of 133.1 trillion dinars ($ 112.6 billion) is the third largest budget in the nation's history, after the budgets of 2013 and 2014, economists said.

With a clear difference to the current budget, compared to the past four years, spending increased by 27.8 percent, which means ending the era of austerity policy approved by Iraq until 2021 in agreement with the IMF and the World Bank.


When comparing the current year's budget with 2018, it relied on the export of 3.880 million barrels per day, less than the year 2018 by 8,000 barrels per day, with the price of a barrel of oil $ 10 from $ 46 to $ 56.

The ratio of internal and external debt increased to 30.87 percent, reaching 10.7 trillion dinars (9 billion dollars).


Oil revenues accounted for 88.8 percent of total revenues, while tax revenues and fees fell to 6.8 trillion dinars ($ 5.7 billion), after last year's 9.2 trillion dinars ($ 7.7 billion), indicating the government's lack of commitment to the credit readiness agreement With the International Monetary Fund, which signed to reform the economy, including stop employment and increase the types of taxes on citizens and companies, but this budget will see an increase in salaries of employees by 24.7 percent, amounting to 43.4 trillion dinars (36.7 billion dollars).




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