Warnings of a “major setback” if the budget is calculated at $ 45 per barrel of oil
Warnings of a “major setback” if the budget is calculated at $ 45 per barrel of oil
2016-10 – 26
Warned oil expert Hamza Jeweler, Wednesday, of the consequences of the general budget for 2017 is calculated on the price of $ 45 per barrel of oil, pointing out that the estimated price is exaggerated and will display the country’s major economic setback.
The jeweler told / information /, “The budget is calculated on the basis of a price of $ 45 per barrel of oil is exaggerated and will display the country into a major financial and economic setback in the event of continuing decline in world oil prices,” adding that “Iraq is selling oil for less than eight dollars “.
He added that the “world prices did not stabilize until now and is under constant negotiation by OPEC or other exporting countries can not predict the real price for a period of one month for the full year, how?”.
The Iraqi government calculated the budget year at a price of $ 45 per barrel of oil, based on the recommendations of the International Monetary Fund, at a time when the oil market is witnessing high volatility in prices.
iraaqi.com
