Talk about the price of oil.. Al-Sudani diagnoses two paths related to the different previous budgets
Talk about the price of oil.. Al-Sudani diagnoses two paths related to the different previous budgets
3-27-2023
Information / special.
Today, Monday, a member of the House of Representatives, Muhammad Saadoun al-Sudani, identified two main issues behind the difference in previous budgets and the current year’s budget, while commenting on setting the price of $70 per barrel.
Al-Sudani said in an interview with Al-Maalouma agency, “The current budget, which reached the Presidency of the House of Representatives, is very different from the previous budgets, which were every year just a copy of the year that precedes it and is sent to the House of Representatives,” pointing out that “the previous change was only in numbers”.
He added, “The budget sent by the Sudanese government differs for two things: the first is that it was prepared for three years and not as previously applied for one year only,” adding, “As for the second point, it revolves around the materials in it.”
The member of the House of Representatives explained, “These articles are commensurate with the government program, which is to provide services through a collection of important points that were included in the draft budget.”
Regarding oil prices in the budget, Al-Sudani stressed that “setting the price of one barrel of oil at $70, it is certain that this figure was not set arbitrarily, but rather with an in-depth study and expectations of a rise in oil prices.”
The Council of Ministers, headed by Muhammad Shia Al-Sudani, had submitted, earlier, the draft budget law for the next three years, to the House of Representatives, in a step that was not repeated in previous governments.
In light of the constant fluctuations and turmoil that occur in the global oil market, between decline and rise, there are conflicting statements about the government’s ability to cover the deficit during the next three years.
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