Consultant Abadi: the descent of a barrel of oil for $ 60 will press on state spending
Consultant Abadi: the descent of a barrel of oil for $ 60 will press on state spending
07-01-2015 02:02 PM
Stressed the economic advisor to the Prime Minister, the appearance of Mohammed Saleh, said the revelation of a barrel of oil for ($ 60) will cause considerable pressure on state spending.
Saleh said in a press statement, seen by the (news), said: ‘fluctuating oil prices sparked the ire of the House of Representatives on price due to the budget in 2015 ‘, adding that the price of $ 60 a barrel is appropriate and reduction will cause pressure on the state’s expenses.
He also called for the government and the Oil Ministry to make efforts to compensate for the oil export volumes more than the specified number of balancing 3.3 million barrels, stressing that Baghdad agreement with the region strengthens Iraq’s oil exports.
He said, that ‘the House of Representatives had no right to reduce the budget, but Inaql doors exchange with each other’, calling for a study of all the local and external conditions in the re-installation of the budget.
The House of Representatives held today its first session of the second legislative term to read the general budget bill a second reading, after he has read the first reading at the special meeting of the Council held in 25 of the last month.
The Cabinet had voted on the budget for next year amounting to 125 trillion dinars and a deficit of 25 trillion with a reduction allocated to the provinces producing oil amounts $ 5 for every barrel of a dollar or two dollars on the basis of the price of a barrel of oil to $ 60.
ikhnews.com
