Parliament’s session to include 1st reading of Iraq’s new budget’s law:

BAGHDAD / IraqiNews.com: The Iraqi Parliament’s 18th session on Sunday includes the 1st reading of the country’s new Federal Budget for the fiscal year, 2011, according to the Parliament’s electronic site. “The Parliament’s 18th session’s agenda includes the 1st reading of the country’s Federal Budget for the 1991 fiscal year, along with the replacement of the former Legislatures by the new ones and voting on the Parliament’s different committees, as well as the issue of Haj (Pilgramage) and the situation of schools in the country” the site added. Iraq’s draft Federal Budget‘s for the fiscal year 2011 has defined its revenues to reach 78,705,237,500,000 Iraqi dinars (US$70 billions (b) approx), according to the main accounts. The budet’s crude oil revenues are counted on the basis of 73 US$ per barrel and an average daily exports estimated to reach 2,250,000 barrels per day (bpd), out of which is 150,000 bpd of crude oil exported through North Iraq’s Kurdistan Region. MHI (A) / SKH 7