Parliamentary: the continuing decline in world oil prices will affect the public budget
Parliamentary: the continuing decline in world oil prices will affect the public budget
On: Friday 06/15/2012 11:06
Baghdad (news) .. Warned a member of the Economic Commission deputy / coalition in Iraq / Nora Salem, of the continuing decline in oil prices in the global market because it will affect the budget by increasing the fiscal deficit.
said Albjara (for the Agency news) Friday: The revenue annual budget mostly comes from the Oil Continued low oil prices in global markets will affect it by increasing the fiscal deficit, which would hinder the implementation of many projects during the current year.
She explained: There are passages added in the general budget include projects depends on their implementation to increase the fiscal surplus is derived from oil sales liberals merchants declines will hamper the implementation of these projects during the the current year. she said if Iraq had imports other than oil there were things far from the accounts of oil prices, stressing that imports derived from the oil during the first six months of this year, which amounted to (39) billion dollars are few and unexpected in the budget estimates (b 100) billion dollars. and see oil prices in the global market decline continues until the price of a barrel (97) dollars in the OPEC basket. It is noteworthy that the Iraqi Council of Representatives had voted on the budget of public finances for the year (2012) of $ (100) billion, or equivalent to (117) trillion Iraqi dinars, and a deficit estimated (14) trillion dinars, placed on the basis of the price a barrel of oil (85) dollars. / Finished / 8. n. r /
Source: ikhnews
