An economist expects the value of the financial surplus for Iraq’s budget at the end of 2022
An economist expects the value of the financial surplus for Iraq’s budget at the end of 2022
9-16-2022
Information / Diyala ..
On Friday, the local economist, Basem Al-Saadi, expected the value of the country’s budget surplus at the end of this year.
Al-Saadi said in an interview with “Information”, that “according to the announced figures for the financial revenues for the sale of crude oil and the rest of other exports, which reached the end of July to more than 90 trillion Iraqi dinars, offset by more than 65 trillion representing public expenditures and material advances, which means that the actual surplus It amounts to more than 25 trillion dinars.
He added, “The surplus may reach 45 trillion dinars at the end of 2022 if oil selling prices remain at their high levels at $90 or more, which means a huge amount of money that must be properly invested in addressing a series of large and deep crises inside Iraq.”
The global oil markets witnessed a significant increase in prices during the past months, which led to an increase in the material surplus of OPEC countries, including Iraq.
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