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Al-Kazemi’s advisor: The rise in oil prices .. additional income to cover the deficit and compensation for borrowing
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Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that the rise in oil prices is an additional revenue to cover the deficit and compensate for internal and external borrowing.
He said in press statements that this additional revenue flows into the balances of the federal budget to fill the deficit estimated at twenty-nine trillion dinars, to compensate for the planned borrowing in whole or in part, whether internal or external.
Saleh pointed out that the indicators show that these differences will cover, if oil prices continue with this improvement, about 80% of the deficit gap. The price of Basra oil recorded a remarkable increase in the recent period, exceeding seventy dollars per barrel.
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by [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.] , [You must be registered and logged in to see this link.]58 Seconds ago
[You must be registered and logged in to see this link.]
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that the rise in oil prices is an additional revenue to cover the deficit and compensate for internal and external borrowing.
He said in press statements that this additional revenue flows into the balances of the federal budget to fill the deficit estimated at twenty-nine trillion dinars, to compensate for the planned borrowing in whole or in part, whether internal or external.
Saleh pointed out that the indicators show that these differences will cover, if oil prices continue with this improvement, about 80% of the deficit gap. The price of Basra oil recorded a remarkable increase in the recent period, exceeding seventy dollars per barrel.
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