Bahr al-Ulum calls for calculating the price of a barrel to $ 65 in order to avoid a budget deficit in 2015
Bahr al-Ulum calls for calculating the price of a barrel to $ 65 in order to avoid a budget deficit in 2015
12/11/2014 17:41
Tomorrow Press / Baghdad: called former oil minister and MP for the mass of the citizen Ibrahim Bahr al-Ulum, Wednesday, Parliament to calculate the price of a barrel to $ 65 in the 2015 budget in order to avoid crises in oil prices. Uloum said for “tomorrow Press”, “The drop in oil prices The decline in Iraq’s exports cause a deficit in the budget of 2014 by 27 trillion dinars and the government will not cover it, but 25%, which is looking for other sources to cover the deficit. ” He added that “ministers of oil, finance and planning confirmed that the government will not affect the employees’ salaries or any party concerning citizen despite austerity followed by the government and the presence of a financial crisis in Iraq, “predicted that” the impact of the decline to continue into next year. ” explained Bahr al-Ulum that “oil prices in the budget of 2015 must be built on objective prices calculates the price per barrel to $ 65 export capacity of up to three million barrels per day “urged” the reduction of ministries and petty petty cash and allocations of special grades and ministers as one of the ways to reduce costs and bridging the deficit. ”
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