Deputy: increase the budget deficit of 2013 to 15 trillion Iraqi dinars
Deputy: increase the budget deficit of 2013 to 15 trillion Iraqi dinars due to the drop in oil exports over the past months
26-09-2013 07:16 AM
Baghdad (news) .. MP for / mass change of Kurdish / Bayazid Hassan, an increase in budget deficit this year to 15 trillion Iraqi dinars, as a result of the decline in exports of Iraqi oil during the past months. Hassan said (of the Agency news): that the budget in 2013 of $ (138 ) trillion Iraqi dinars proved the fiscal deficit conjectural (14) trillion dinars, but so far, the fiscal deficit is estimated at 15 trillion dinars, because of the decline in the rate of Iraqi oil exports, especially after exposure pipeline Kirkuk to acts of sabotage are frequent. continued: where the issue over the line Kirkuk Ceyhan pipeline a rate of 650 thousand barrels per day, and the Kurdistan region up to 250 thousand barrels per day, noting that the Assembly adopts the federal budget (93%) on oil revenues, so any decline in the rate of exports will affect them in terms of increasing its fiscal deficit. mentions that the budget in 2013 admitted to (138) trillion Iraqi dinars, laid out on the basis of price of a barrel of oil at 90 dollars, and the rate of export (2.9) million barrels of oil per day, with a deficit estimated at 14 trillion dinars Iraqis. / End
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