Oct. 22 (Bloomberg) -- Iraq may reduce the crude-oil price assumption it uses to calculate the state budget next year to $80 a barrel from the current $85, a member of the Iraqi parliament said.

“We think $80 a barrel is a very assuring price,” Haitham Al Jabouri, secretary of the parliament’s finance panel, told reporters today in Baghdad. “We don’t expect crude oil to drop below $80 a barrel.”

--Editors: Andrew Langley, Ana Monteiro

To contact the reporter on this story: Kadhim Ajrash in Baghdad at kadhamajrash@yahoo.com

To contact the editor responsible for this story: Maher Chmaytelli in Dubai at mchmaytelli@bloomberg.net