Iraq's new year spending plan sees holes: Draft 2015 budget computes a 23 trillion dinar deficit

Published December 23rd, 2014 - 07:37 GMT
Al Bawaba
Al Bawaba

The Iraqi cabinet Tuesday approved a 123 trillion dinar ($103 billion) draft budget for 2015 which envisions a deficit of 23 trillion dinars, Finance Minister Hoshiyar Zebari said.

He told Reuters that the budget would be presented to parliament soon, after a committee headed by Prime Minister Haider al-Abadi and including Zebari fine-tuned some of the language.

The committee was expected to meet on Wednesday and then push the draft budget to parliament.