Parliamentary Economy presents a proposal after the rise in oil prices

Parliamentary Economy presents a proposal after the rise in oil prices

Tuesday 28 September 2021 | 02:16 pm

Parliamentary Economy presents a proposal after the rise in oil pricesThe Parliamentary Committee on Economy and Investment confirmed, on Tuesday, that the financial abundance obtained by the public treasury as a result of the increase in oil prices during more than a year with the continued rise in oil prices globally must be classified in renaissance investment projects for infrastructure, calling on the next government to reconsider the exchange rate of the dollar after the absence of the dollar. cash crisis .

Committee member Intisar Ali said, “The financial abundance obtained by the public treasury as a result of the rise in oil prices has reached more than 34 billion dollars during the current year, according to preliminary data issued by specialized financial authorities .”

She added that “the increase in financial abundance is still continuing, especially as oil prices continued to rise, with expectations of continuing to rise to a level of more than $ 80 during the current year, and this means that the treasury will obtain more financial abundance .”

And she called on the next government to “classify the financial abundance for investment projects, improve infrastructure and support the private sector, and not classify it to the gates of waste and unproductive and profitable spending,” calling on the next government to “reconsider the dollar exchange rate after the monetary crisis has passed .”

It is noteworthy that the results of deliberations in the stock exchanges showed that the price of a barrel of crude oil of the “Brent” brand for November delivery exceeded $80 for the first time since October 23, 2018.

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