Economist exclude low world oil prices and its impact on the federal budget
Economist exclude low world oil prices and its impact on the federal budget
10-02-2014 03:31 PM
Baghdad (news) .. Ruled among Iraqi economic happen decline in world oil prices in the next stage, including not affect the budget of Iraq, which was calculated on the basis of (90) dollars per barrel. economist said Hussein Allawi, the star (of the Agency news): The ‘guesses the federal budget for sale barrel of oil at 90 dollars is suitable for international circumstances, because the projections indicate that the oil prices in the global markets will increase by between (1% to 2%) during the year 2014, ‘pointing out that as shown now in the global markets of the OPEC basket few, as a result of international sanctions imposed on Iran and the unstable security situation in Libya. ‘ and added that ‘the rate of the volume of oil export speculative in the budget of 2014, which amounts to three million and 400 thousand barrels per day, and this is it question marks because it is perhaps Iraq will not be up to This figure is a result of political differences between the governments of the center and the province, which is supposed to last to hand over 400 thousand barrels of oil to the Government Center. ‘ As for the supplementary budget has pointed star to: It’s’ consist of money surplus from oil sales, in the sense that if been selling a barrel of oil by more than 90 dollars, the amount in excess of the price speculative be a supplementary budget, noting that ‘there is something wrong in the financial management of the state both in terms of the provinces or the government, which is usually what you rotate the money without investing in the projects of the country’. / end
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