Member in Parliamentary Energy: 29 trillion dinars The budget deficit and the dollar are the biggest problem
Member in Parliamentary Energy: 29 trillion dinars The budget deficit and the dollar are the biggest problem
03/28/2021 16:55:50
{Economical: Al Furat News} A member of the Parliamentary Oil and Energy Committee, Bahaa Al-Din Nuri, revealed the recent deficit in the fiscal budget bill for 2021.
“The price of a barrel of oil has been fixed in the 2021 budget at $ 45,” Nuri told {Euphrates News}, indicating that “the surplus will fill the deficit, and a supplementary budget may be obtained where every month, two trillion dinars are added to the treasury from an increase in imports.”
And that the budget “will be up to 128 trillion dinars in exchange for a deficit of 29 trillions, and we expect it to be paid off during the first six months, and there will be surplus funds and a supplementary budget.”
And that “the region, Egypt to deliver 250 thousand barrels, while Baghdad wants 460 thousand barrels per day, and we expect that the dispute will be resolved in the coming hours,” noting “the dollar exchange rate has become the biggest problem in the budget.”
Nuri pointed out that “most of the political blocs with the survival of the exchange rate, with the exception of the two blocs of state law and {approach}.”
The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, announced the agreement between the delegation of the region and the parliamentary blocs on Article 11 of the share of the Kurdistan region in the budget.
The committee held a meeting to finalize the paragraphs on which the amendments were made in the 2021 budget before the voting session.
alforatnews.com
