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Disclosure of a parliamentary approach to reduce oil prices by 25% in the budget
11:44 - 08/01/2019
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Information / Baghdad ..
The MP for the construction alliance Charter Hamdi, Tuesday, talks within the Finance Committee to reduce the price of oil budget estimated by 25%, noting that continuing high expectations of oil prices will exacerbate the financial crisis of the country.
"The Finance Committee in the House of Representatives is currently considering reducing the price of a barrel of oil to about $ 40 after it was estimated at $ 57 within the budget this year, or 25%," Al-Hamidi said in a statement.
"This measure will be taken to avoid a major financial crisis if global oil prices continue to decline without clear government solutions to rely on financial sources of oil," she said.
"The failure to reduce the budget deficit correctly will cause an economic disaster and forced Iraq to resort to foreign debt with high benefits and long repayment years." Ending / 25 d
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