Economic Commission: drop in oil prices will not affect the general budget

Member of the Economic Commission: drop in oil prices will not affect the general budget but plenty of projects pledged financial
On: Tuesday 07/03/2012 10:34

Baghdad (news) .. Ruled out by the Economic Commission deputy / coalition in Iraq / Nora Albjara, the impact of falling world oil prices on the state budget in terms of increasing fiscal deficit, saying it will affect the projects mortgaged applied surplus fiscal revenue from oil sales.
said Albjara (of the Agency news) on Tuesday : The decline in oil prices in world markets will not affect the overall budget because it is placed under the roof is limited to (86) d and Lara for the price of a barrel of oil, because the past months was a barrel of oil sold at more than (100) dollars per barrel. She added: When to drop further global oil prices will affect the projects are installed in the paragraphs of the budget and mortgaged their implementation on the access of plenty of Finance in support of the ration card or distribution (25%) of revenue to the people, saying in the event of failure to achieve fiscal surplus will be canceled such projects or postponed. and seen world oil prices, a sustained decline even reached without the (90) dollars per barrel after the barrel is sold at the beginning of the current year (124) dollars, which was born worried about the Iraqi economists possible impact of falling on the state budget being approved Baaradha rate (95%) on sales of oil. It is noteworthy that the Iraqi Council of Representatives voted on the financial budget for the current year of $ (100) billion dollars, equivalent to (117) trillion Iraqi dinars, and a deficit estimated (14) trillion dinars, are based on price of a barrel of oil (85) dollars . / Finished / 8. d. Q /
Source: ikhnews