Deputy: 2020 budget deficit amounted to $ 20 billion
16:48 - 15/10/2019
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The MP for the Alliance of Sairon Riad Mohammed, on Tuesday, reached the proportion of the budget deficit of $ 20 billion after stabilizing the price of oil at $ 56 per barrel.
"The fiscal deficit in the budget of 2020 amounted to 20 billion dollars because of the lack of activation of local industries and dependence mainly on oil revenues," Mohammed said for the information.
He added that "the proportion of the budget deficit will be 20 billion dollars and it is hoped that it will be reduced even lower if the price of oil during the current year."
He explained that "the 2020 budget includes the repayment of many debts and loans borrowed by previous governments from international banks."