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[size=35][size=35]Advisor to Al-Kazemi: Iraq will not resort to borrowing if the price of oil reaches $ 70[/size][/size]
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2021-03-28 | 06:29
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In a statement followed by Alsumaria News, Salih said, "It is necessary to have the budget stabilization fund as a sovereign precautionary fund against the risk of fluctuation or decline in the sustainability of revenues, since oil revenues constitute more than 92% of total public revenues in the budget."
He pointed out that "the price of a barrel of oil should not be less than $ 70 to reach a balanced budget without resorting to borrowing to finance the annual deficit in the general budget."
It is noteworthy that the Parliamentary Finance Committee raised the price of a barrel of oil in the budget to $ 45, after it was $ 42.
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Economie
[You must be registered and logged in to see this link.]2021-03-28 | 06:29
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The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Sunday, that Iraq will not resort to borrowing if the oil price reaches $ 70 a barrel.
In a statement followed by Alsumaria News, Salih said, "It is necessary to have the budget stabilization fund as a sovereign precautionary fund against the risk of fluctuation or decline in the sustainability of revenues, since oil revenues constitute more than 92% of total public revenues in the budget."
He pointed out that "the price of a barrel of oil should not be less than $ 70 to reach a balanced budget without resorting to borrowing to finance the annual deficit in the general budget."
It is noteworthy that the Parliamentary Finance Committee raised the price of a barrel of oil in the budget to $ 45, after it was $ 42.
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