The Iraqi Parliament approved in its meeting on Thursday, in the presence of 168 deputies, the law of the federal expenditure for fiscal year 2013, worth 138.424 trillion dinars (11.9 billion dollars).
A coalition of Kurdish blocs boycotted the Iraqi list and vote on the budget, which has been postponed six times because of differences between Baghdad and Erbil on benefits oil companies operating in the Kurdistan region of northern Iraq.
He said a statement issued by the information Office of the House, I got a copy of Anatolia, the federal budget for fiscal year 2013 estimated 119.3 trillion dinars (10.2 billion dollars).
Estimated budget, according to the statement, crude oil export income on the basis of the average price of $ 90 per barrel, and the rate of the export capacity of 1.8 million barrels per day, including 250 barrels of oil product in the Kurdistan North of Iraq.
The total estimated budget deficit reached 19.127 trillion dinars (16.4 billion dollars), to cover the deficit of the Development Fund for Iraq, and internal and external borrowing, the savings ratio is expected to increase selling prices or increase oil production.
The federal budget approved for fiscal year 2013 17% of total expenditures to the Kurdistan North of Iraq.
The budget included the allocation of expenses of the defense and security sector by $ 19.7 trillion dinars ($ 16.9 billion), with $ 12.7 trillion dinars (11 billion dollars) for the education sector, $ 29.92 trillion dinars (25 billion dollars) to the energy sector.
1 USD = 1162 Iraqi dinar