Azerbaijan, Baku, Sept.25 /Trend A.Tagiyeva/
The total volume of foreign investments in the Iraqi economy in 2013 is estimated at 45.4 billion dollars, which amounts to 40% of the state budget for next year compared to $30 billion in 2012, the Al-Quds Al-Arabi newspaper quoted Adviser to the Finance Minister Fadel Nabi as saying.
In his words, the profit of state budget for 2013 is estimated around $118 billion with a cost of 1 barrel of oil at $90 against $100 billion in 2012 with $85 for 1 barrel.
The state budget deficit is expected at the volume of $15.5 billion next year.
Nabi noted that oil export make up 95% of Iraq's profits.
A total of $644 million are planned to be paid to foreign companies working in oil sector of the Kurdistan Autonomous region.