Parliamentary Finance: Iraq has lost four billion dollars over the past two months
Parliamentary Finance: Iraq has lost four billion dollars over the past two months
21/03/2015 09:34 GMT
BAGHDAD – and babysit – revealed the parliamentary finance committee member Husam punitive, Iraq suffered from financial loss amounted to more than 4 billion dollars.
He said in a statement punitive “public opinion” has received a copy of it, that “the non-arrival of the production and export of crude oil during the months of January and February to the planned figure in the 2015 budget caused a financial loss estimated at more than 4 billion dollars.”
He stressed “the need for the Oil Ministry to increase exports to the planned ceiling him within the budget, amounting to 3 million and 300 thousand barrels of oil per day, for the shortfall covered by a drop in the price of a barrel-winning oil in global markets on the one hand, and the consolidation of revenue and achieve liquidity necessary for the need to reduce the budget deficit and exchange on the other hand, the proportion of cash. ”
He warned the parliamentary Finance member, the government of “continuing the export of oil present in quantity,” noting “that” repeated gross fiscal deficit for export in its current form will arrive in huge amounts of money, which dates back negatively on the Iraqi economy and cause shedding manner makes it difficult to find appropriate coverage solutions. ”
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