URGENT Oil falls below Iraq’s 2019 budget
URGENT Oil falls below Iraq’s 2019 budget
2018/12/20 12:01
{International: Al Furat News} Oil prices fell on Thursday to erase most of the gains from the previous session, resuming declines that started earlier in the week amid concerns about oversupply and global economic outlook.
By 09:04 GMT, Brent crude futures were down to $ 55.05 a barrel, $ 1 less than Iraq’s next year’s $ 56 a barrel.
It is scheduled to start the Iraqi Council of Representatives, on Thursday, the first reading of the draft federal budget law for the year 2019.
The Ministry of Finance has revealed today about the usual price of a barrel of oil in the budget of 2019 $ 56 dollars and an export rate of three million and 880 thousand barrels per day, of which 250 Thousand barrels from the Kurdistan region.
And revealed that the budget contained a deficit of up to 28 trillion dinars, “expected to” up to 30 trillion dinars, “indicating that” the total federal budget for the next year, up to 132 trillion dinars. ”
alforatnews.com
