Minister of Provincial Affairs is expected to reduce the budget to 100 trillion dinars
Minister of Provincial Affairs is expected to reduce the budget to 100 trillion dinars
13-01-2015 01:26 PM
Anticipate and Minister of State for Provincial Affairs and the House of Representatives, Ahmed al-Jubouri, rebalancing to the Council of Ministers to make adjustments due to the continued decline in oil prices, likely to Ttraha budget to 100 trillion dinars.
Jubouri said in a press statement, seen by the (news), said: ‘budget General of the State for the year 2015 was built on the basis of $ 60 per barrel, and now the price per barrel in global trade fell to $ 48, while the Iraqi price less than the world price by eight to ten dollars. ”
He added that “oil prices if it remained at current levels, we will face the crisis itself in the coming years ‘, stressing the need to’ search for resources other than oil. ”
The MP for the National Alliance, Jassim al-Bayati, has described the adoption of the budget at $ 125 trillion dinars as a ‘serious risk’, attributing this to the decline in oil prices to less of fifty dollars, ruling that ‘Iraq’s exports up this year to more than three million barrels per day’, noting that ‘income from oil would be $ 55 billion, or 65 trillion dinars added to the non-oil income up to 18.5 trillion dinars, to be total 83.5 trillion, with a deficit of up to 20%, to be Iraq’s budget real midwife to control about 100 trillion dinars. ”
It is noteworthy that the economic advisor to the Prime Minister, the appearance of Mohammed Saleh, has warned that the descent of the price of a barrel of oil for 60 dollars will cause considerable pressure on state spending, noting that the House had no right to reduce the budget, but Inaql doors exchange with each other, calling for the study of all the local and external conditions in the re-installation of the budget.
witnessing global oil prices big downs, where the price of a barrel so far $ 45, prompting several international institutions to reduce its forecast for average prices in 2015 again.
ikhnews.com
