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Finance: Budget Law 2020 has not yet adopted a fixed price for Iraqi oil exporter

rocky
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Finance: Budget Law 2020 has not yet adopted a fixed price for Iraqi oil exporter Empty Finance: Budget Law 2020 has not yet adopted a fixed price for Iraqi oil exporter

Post by rocky on Wed 23 Oct 2019, 2:08 am

[size=36]Finance: Budget Law 2020 has not yet adopted a fixed price for Iraqi oil exporter[/size]

Political | 08:58 - 23/10/2019

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BAGHDAD -
The Ministry of Finance announced on Wednesday that the law on fiscal budget for next year, has not yet adopted a fixed price for Iraqi oil exporter, pointing to the proposals submitted adopt a price ranging from 50 to 56 dollars per barrel.
Undersecretary of the ministry Maher Hammad Johan said that "the budget for the next year 2020 will be unconventional, as it relied mainly on the provision of services and the needs of citizens in the whole country," confirming that there are four phases.
He added, "Its basic idea depends on how to provide the necessary funding to meet the needs of citizens and compensation and salaries, in addition to the success of the government program of the State."
He continued, "The law of fiscal budget for the next year, has not yet adopted, a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including the allocation of oil from the Kurdistan Region and Kurdistan" .
He pointed out that "the financial budgets, each have a certain specificity, and therefore, the House of Representatives may put any other formula that adjusts the direction of the course of the Kurdistan region's share of oil produced there, or any other amendment in its law."
On the mechanism of filling the deficit in the current budget 2019, Johan disclosed that "part of it was addressed through loans in the balance sheet, the other part was through cash already available in the Ministry of Finance, while part of the deficit will remain until the end of this year. At the expense of reducing expenditures for all, "noting that" the fiscal deficit for the budget for next year is not clear yet. "
He promised that "government banks in the country, one of the tools of the state to solve any financial forms, whether to pay the deficit or even stimulate the economic movement in the country, but it remains its potential is limited by the amount of funds available to them," pointing out that "the state has used a large part of it The past. "
Johan explained that "in light of the current situation in the country, any amount offered by the banks to the state in a transparent manner will be part of the economic reform and the current growth in the country."


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rocky
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Finance: Budget Law 2020 has not yet adopted a fixed price for Iraqi oil exporter Empty Ministry of Finance reveals important information on the 2020 budget

Post by rocky on Wed 23 Oct 2019, 2:15 am

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Ministry of Finance reveals important information on the 2020 budget

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[rtl]Release date:: 2019/10/23 8:18 • 434 times read[/rtl]
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The Ministry of Finance announced that the budget law for next year, which has achieved advanced stages in its discussion, the ministry did not adopt a fixed price of a barrel of oil so far, and by the daily export of three million and 800 thousand barrels, the share of the Kurdistan region of 250 thousand barrels .
The Undersecretary of the Ministry Dr. Maher Hammad Johan said in a press statement that "the budget for the next year 2020, will be unconventional, depending mainly on the provision of services and the needs of citizens in the whole country, stressing that it is under study and will continue between four to five stages to reach him Its basic idea depends on how to provide the necessary financing to meet the citizens' needs, compensation and salaries, in addition to the success of the government program. ”
He added that "the fiscal budget law for the next year, has not yet adopted a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including oil allocated from the Kurdistan region of Iraq, amounting to 250 thousand barrels per day, Indicating that the financial budgets, each of them a certain specificity, and therefore the House of Representatives may put any other wording that modifies the direction of the share of the Kurdistan region of oil produced there, or any other amendment in its law.
On the mechanism of closing the deficit in the current budget 2019, Johan disclosed that part of it was addressed through loans in the original budget, the other part was through cash already available in the Ministry of Finance, while part of the deficit will remain until the end of this year. “The fiscal deficit for next year's budget is not yet clear,” he said.
The promise of "state banks in the country, one of the tools of the state to solve any financial forms, whether to pay the deficit or even revitalize the economic movement in the country, but it remains its potential is limited by the amount of funds available to them, pointing out that the state has used a large part of the past years, He pointed out that in light of the situation in the country, any amount offered by banks to the state transparently, will be part of the economic reform and growth in the country.


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Finance: Budget Law 2020 has not yet adopted a fixed price for Iraqi oil exporter Empty Iraqi Ministry of Finance announces good news in the 2020 budget

Post by rocky on Wed 23 Oct 2019, 2:33 am

[You must be registered and logged in to see this image.]Iraqi MinIraqi Ministry of Finance announces good news in the 2020 budget


istry of Finance announces good news in the 2020 budget




The Ministry of Finance disclosed that the budget law for next year, which has achieved advanced stages of discussion, has not adopted a fixed price per barrel of oil so far, and the daily export of three million and 800 thousand barrels, the share of the Kurdistan region of which 250 thousand barrels, confirming the keenness of all parties To adopt the next budget, provide services, compensation and salaries to citizens to contribute to improving the living and economic conditions of the country.
The semi-official newspaper quoted the Undersecretary of the Ministry Dr. Maher Hammad Johan as saying that the budget for next year 2020, will be unconventional, as it relied mainly on providing services and the needs of citizens across the country, stressing that it is under study and will last between four to five stages To reach its final destination, noting that its basic idea, depends on how to provide the necessary funding to meet the needs of citizens and compensation and salaries, in addition to the success of the government program of the State.
He added: that the budget law for the next year, has not yet adopted, a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including oil allocated from the Kurdistan region of Iraq and 250 thousand barrels per day, indicating That the financial budgets, each of them a certain specificity, and therefore the House of Representatives may put any other wording that adjusts the direction of the share of the Kurdistan region of oil produced there, or any amendment
Another in its code.
On the mechanism of filling the deficit in the current budget 2019, Johan disclosed that part of it was addressed through loans in the original budget, the other part was through cash already available in the Ministry of Finance, while part of the deficit will remain until the end of this year, Account for reducing expenditures on everyone, noting that the fiscal deficit for next year's budget is unclear
Landmarks yet.
He promised government banks in the country, one of the tools of the state to solve any financial forms, whether to pay the deficit or even revitalize the economic movement in the country, but its potential remains limited by the amount of funds available to them, pointing out that the state has used a large part of it during the past years, indicating Given the situation in the country, any amount offered by banks to the state transparently will be part of the country's ongoing economic reform and growth.



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