Iraq to Approve 2013 Budget of 138 Trillion Dinars This Month

Iraq’s government plans to adopt a 2013 federal budget of 138 trillion dinars ($118.5 billion) by the end of this month, according to Ali al-Allaq, general secretary of the cabinet.

The cabinet held a first discussion about the 2013 budget after receiving the draft from the finance ministry, he said in an interview in Baghdad today.

The budget has to be approved by parliament once the draft is approved by the cabinet, he said.

To contact the reporter on this story: Khalid Al-Ansary in Baghdad at kalansary@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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