Iraq’s Parliament approved the 2017 federal budget on Wednesday, despite boycotts by some MPs from both the autonomous Kurdistan region and Iraq’s southern oil provinces, who were pressing for larger shares of state revenue.The government plans to spend 100.67 trillion Iraqi dinars ($85.17 billion*) next year, down about 5 percent from the 2016 budget.The new budget projects that Iraq will sell its oil at an average price of $42 per barrel in 2017, and will export 3.75 million barrels… This content is for registered users. Please login to continue. If you are not a registered user, you may purchase a subscription or sign up for a free trial .