According to four Iraqi parliament finance committee members familiar with the draft 2027 budget revealed on Tuesday, the Iraqi government plans to use 58 US dollars per barrel as an oil price assumption and set the total government expenditure at 217 trillion Iraqi dinars, or about 166 billion US dollars. According to this plan, Iraq's 2027 budget deficit is expected to exceed 40 trillion dinars. The draft budget estimates that Iraq exports about 4 million barrels of crude oil per day, including exports from the Kurdish region. Lawmakers also revealed that the government is considering adjusting the Iraqi dinar exchange rate to adjust the exchange rate of the US dollar to the dinar from about 1,300 dinars to 1,400 dinars per US dollar to 1,400 to 1,500 dinars per US dollar. Revenue from oil sales accounts for the vast majority of the Iraqi government's fiscal revenue.

According to four Iraqi parliament finance committee members familiar with the draft 2027 budget revealed on Tuesday, the Iraqi government plans to use 58 US dollars per barrel as an oil price assumption and set the total government expenditure at 217 trillion Iraqi dinars, or about 166 billion US dollars. According to this plan, Iraq's 2027 budget deficit is expected to exceed 40 trillion dinars. The draft budget estimates that Iraq exports about 4 million barrels of crude oil per day, including exports from the Kurdish region. Lawmakers also revealed that the government is considering adjusting the Iraqi dinar exchange rate to adjust the exchange rate of the US dollar to the dinar from about 1,300 dinars to 1,400 dinars per US dollar to 1,400 to 1,500 dinars per US dollar. Revenue from oil sales accounts for the vast majority of the Iraqi government's fiscal revenue.