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(Adds expenditures, context)
BAGHDAD, Sept 27 (Reuters) - Iraq's government issued a 2017 budget forecast on Tuesday which it said assumed the country will be exporting more crude and at a higher price than in recent months. The OPEC nation expects to sell 3.75 million barrels per day of crude at a price of $42 a barrel, the government said in a statement.
The 2017 budget forecast a drop in expenditures to 90.224 trillion Iraqi dinars ($77.51 billion).
The 2016 budget envisioned expenditures of 106.9 trillion dinars with a 23.5 trillion shortfall, reflecting the sharp drop in oil prices and revenues since 2014.
The government's crude oil exports ran at a rate of 3.23 million barrels per day in August, selling at average price of $39.25 per barrel, according to the oil ministry.
($1 = 1,164.0000 Iraqi dinars)
(Reporting by Maher Chmaytelli; editing by Andrew Roche) ((maher.chmaytelli@thomsonreuters.com; +9647901917030;))
BAGHDAD, Sept 27 (Reuters) - Iraq's government issued a 2017 budget forecast on Tuesday which it said assumed the country will be exporting more crude and at a higher price than in recent months. The OPEC nation expects to sell 3.75 million barrels per day of crude at a price of $42 a barrel, the government said in a statement.
The 2017 budget forecast a drop in expenditures to 90.224 trillion Iraqi dinars ($77.51 billion).
The 2016 budget envisioned expenditures of 106.9 trillion dinars with a 23.5 trillion shortfall, reflecting the sharp drop in oil prices and revenues since 2014.
The government's crude oil exports ran at a rate of 3.23 million barrels per day in August, selling at average price of $39.25 per barrel, according to the oil ministry.
($1 = 1,164.0000 Iraqi dinars)
(Reporting by Maher Chmaytelli; editing by Andrew Roche) ((maher.chmaytelli@thomsonreuters.com; +9647901917030;))
