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Parliamentary finance shows the size of the budget deficit and likely to reduce the price of a barrel of oil for $ 40
19:25 - 25/11/2018
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The Finance Committee of the parliamentary, on Sunday, the size of the fiscal deficit in the federal budget for 2019, while it was likely to reduce the price of selling oil barrels to $ 40 within the budget after the decline in world prices.
"The budget deficit will exceed 45 trillion Iraqi dinars after the fall of world oil prices to a large extent during the current stage," said the member of the Committee, Siham al-Aqili, said that "the fiscal deficit in the budget would have been estimated at 27 trillion dinars if approved Budget by selling oil barrels at $ 56 ".
She added that "the Finance Committee will hold a meeting on Monday with the Ministry of Finance to consider the decline in international oil prices and reached $ 58," likely "to reduce the price of selling oil barrel about $ 40 in the budget to reduce the rise of fiscal deficit.
She pointed out that "the decline in world oil prices will cause delays in the completion of the budget and approval within the House of Representatives," indicating that "there is a great possibility in the restoration of financial procedures on the federal budget and change."
The oil expert, Osama al-Tamimi, said on Sunday that the price of a barrel of oil in the budget of 2019 needs to be adjusted, as it should be calculated on the pricing of the budget of 2018, warning of falling oil prices to the level of 40 dollars a barrel because of US plans and control of OPEC. End 25 T
The Finance Committee of the parliamentary, on Sunday, the size of the fiscal deficit in the federal budget for 2019, while it was likely to reduce the price of selling oil barrels to $ 40 within the budget after the decline in world prices.
"The budget deficit will exceed 45 trillion Iraqi dinars after the fall of world oil prices to a large extent during the current stage," said the member of the Committee, Siham al-Aqili, said that "the fiscal deficit in the budget would have been estimated at 27 trillion dinars if approved Budget by selling oil barrels at $ 56 ".
She added that "the Finance Committee will hold a meeting on Monday with the Ministry of Finance to consider the decline in international oil prices and reached $ 58," likely "to reduce the price of selling oil barrel about $ 40 in the budget to reduce the rise of fiscal deficit.
She pointed out that "the decline in world oil prices will cause delays in the completion of the budget and approval within the House of Representatives," indicating that "there is a great possibility in the restoration of financial procedures on the federal budget and change."
The oil expert, Osama al-Tamimi, said on Sunday that the price of a barrel of oil in the budget of 2019 needs to be adjusted, as it should be calculated on the pricing of the budget of 2018, warning of falling oil prices to the level of 40 dollars a barrel because of US plans and control of OPEC. End 25 T
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