Iraqi PM Haider Al Abadi Praises Approval of Budget

Lesson Brief Al Sumaria
On January 29, Al Sumaria News reported that Iraqi PM Haidar al-Abadi hailed the government's recent approval of the country's 2015 budget, calling it a victory and an achievement for the executive and legislative authorities. Abadi also praised the "spirit of cooperation" that allowed the country to reach an agreement despite Iraq's security problems and the rapid drop in the price of oil. The 2015 budget has been set at IQD 119 trillion (USD 100 billion) with a budget deficit of IQD 25 trillion (USD 21 billion). In past years, passing the budget has been an arduous process that takes well into the fiscal year before being passed.
Baghdad News

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