BAGHDAD, July 19 (Reuters) - Iraq's cabinet has approved a supplementary budget of at least $3 billion to top up this year's planned spending of $58.6 billion, government spokesman Ali al-Dabbagh said on Sunday.
Finance Minister Bayan Jabor on Tuesday said the budget would not be more than $3 billion, derived from higher oil export rates and fees from mobile phone firms.
The supplementary budget must now be approved by parliament.
The extra money would cushion spending plans after a sharp fall in global oil prices from a peak of more than $147 per barrel last year forced Iraq to cut its 2009 budget three times.
Almost all Iraqi income is derived from sales of oil from its vast reserves, the world's third largest.
(Writing by Mohammed Abbas: Editing by David Cowell) Keywords: IRAQ/BUDGET SUPPLEMENTARY (mohammed.abbas@reuters.com, +964 790191 7035; Reuters Messaging: mohammed.abbas.reuters.com@reuters
Finance Minister Bayan Jabor on Tuesday said the budget would not be more than $3 billion, derived from higher oil export rates and fees from mobile phone firms.
The supplementary budget must now be approved by parliament.
The extra money would cushion spending plans after a sharp fall in global oil prices from a peak of more than $147 per barrel last year forced Iraq to cut its 2009 budget three times.
Almost all Iraqi income is derived from sales of oil from its vast reserves, the world's third largest.
(Writing by Mohammed Abbas: Editing by David Cowell) Keywords: IRAQ/BUDGET SUPPLEMENTARY (mohammed.abbas@reuters.com, +964 790191 7035; Reuters Messaging: mohammed.abbas.reuters.com@reuters