Statistics: Iraq sell oil to $ 22 billion since the beginning of the year and predicted a deficit of 20 billion in 2017
Statistics: Iraq sell oil to $ 22 billion since the beginning of the year and predicted a deficit of 20 billion in 2017
10.08.2016 14:23
[Oan- Baghdad]
statistics conducted by the agency showed all of Iraq [where], citing official data issued by the Iraqi Oil Ministry, on the sale of Iraq’s $ 22 billion of oil over the past seven months of this year 2016.
Excludes This statistic , according to the Ministry of Oil, which imports and exports from the Kurdistan region ‘s oil because of the continuing political dispute between Baghdad and Erbil , despite reaching an last year ‘s agreement, and the exchange of the two sides blamed the other for not sticking to it.
Iraq relies on oil imports by 90% of the fiscal budget of the state, but faced considerable pressure deficit government spending because of the drop in crude prices since July 2014 to almost a third after it was a $ 110 and dropped to under fifty dollars per barrel.
the Iraqi government is facing a deficit in securing necessary for the war money on Daash terrorist gangs, and salaries staff and expenses of the state, but she was able to borrow $ 15 billion from international financial institutions such as the international Monetary Bank.
According to the statistic that Iraq sold through his company national oil Marketing Sumo during the past seven months from January until July of 2016, 22 billion and 93 million dollars, while exports during the same period, was 691 million, and 905,000 barrels.
and was able oil Ministry, four shipments of liquid gas and other gas condensate export, to supplement the state treasury and financial revenues.
The distribution of these exports and imports as follows , according to the Ministry of oil data:
January 2016: export $ 101 million, Baward 2 billion and 262 million dollars.
February: the export of 93 million and 500,000 barrels, Baward 2 billion and 249 million dollars.
March: the export of $ 101 million, 900 thousand barrels, Baward 2 billion and $ 894 million.
April: exported 100.9 million barrels, Baward 3 billion, and $ 368 million.
May: the export of 99 million and 200 thousand barrels, Baward 3 billion and 748 million dollars.
June: the export of 95 million and 300,000 barrels, Baward 3 billion and 829 million dollars.
July: export 99 million and 266 thousand barrels, Baward 3 billion and $ 743 million.
these oil imports and increase compared to sales of the Iraqi Central Bank for almost the same period, reaching according to statistical him $ 18 billion.
it is expected the parliamentary Finance Committee member Jabbar al – Abadi, the survival of the fiscal deficit in the budget for Iraq next year .
Ebadi said to [where] “It is certain that the fiscal deficit in the budget of 2017 out of the question, but possible reduced through retrenchment and get Iraq on loans , ” noting that ” the deficit index up more than $ 20 billion by more than 20% appreciated the budget 90 billion dollars. ”
on the convergence of oil imports , with the central bank sales, Abadi , ” the central bank provides foreign government through the sale of dollar currency clearer who is responsible for this file as a single window to sell the dollar by virtue of the case and import. ”
” certainly , the less revenue from oil with the survival of the sale selling price low , it will certainly put pressure on the level of monetary reserves of the bank , “pointing out that” the central bank sales sometimes exceed oil imports and this is a problem but it seems to have become the reality of the financial situation. ”
alliraqnews.com
