Calls for the adoption of economic price of a barrel of oil (80) dollars in next year’s budget

Calls for the adoption of economic price of a barrel of oil (80) dollars in next year’s budget

Date: 28/09/2012 12:03:27 Friday

Baghdad (news) .. called academic and professor of economics at the University of Mustansiriya Hamid al-Musawi, the need to adopt price of a barrel of oil at (80) instead of $ (90) dollars in the budget year (2013) in anticipation of a decline in global oil prices.
Moussawi said (of the Agency news) Friday: on the federal government to take into account the decrease in the price of oil worldwide and it can not put price is optimistic that because it would cause economic problems in the country if low oil prices in the global markets. added: There are expectations a global decline in oil prices after deciding the United States and some countries increase their output of oil and this is what will make there is a surplus of oil in the markets, thus affecting oil prices, noting that Iraq is fully supported on the oil in the event of fluctuations in oil prices, the national economy will be affected directly. confirmed on: to be taken several possibilities when the numbers and writing the annual budgets of the state and that is not built on the basis of price optimistic oil, and the difficulty of ensuring the survival of its price fixed globally in the light of economic and financial crises occurring in America and Europe, but must put its price to the lowest what is expected him to avoid problems that might get a result. He explained: if the price of the barrel under the price expected by the government, which has been prepared in which the budget will lead to a large fiscal deficit and to the problem of state can not be resolved, because there are claims by the ministries and provinces to increase T_khasasathm market during the coming year. mentioned that the Ministry of Finance decided to adopt price barrel of oil (90) dollars in the budget year (2013). / end / 8. n. p /
Source: ikhnews