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Iraq's government has proposed an oil price assumption of $58 a barrel for its 2027 budget, lawmakers familiar with the draft budget said on Tuesday, with total spending projected at 217 trillion Iraqi dinars ($166 billion) and a deficit of more than 40 trillion dinars.
Lawmakers familiar with Iraq's draft budget stated that the government has proposed an oil price assumption of $58 a barrel for its 2027 budget. Total spending is projected at 217 trillion Iraqi dinars ($166 billion), with a deficit expected to exceed 40 trillion dinars.