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Al-Kazemi’s financial advisor: The rise in global oil prices will fill the budget deficit and cancel the idea of borrowing
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Mazhar Muhammad Salih, the financial advisor to the Prime Minister, said that the rise in oil prices will push the government not to borrow to fill the budget deficit.
Saleh explained that the budget has set the price of a barrel of oil at forty-five dollars, but the expectations for the average price of a barrel during twelve months are sixty-five dollars or a little more, which are prices that would fill the deficit in the budget in whole or in part instead of going to borrowing to fill this deficit. .
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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.]2 Hours ago
[You must be registered and logged in to see this image.]
Mazhar Muhammad Salih, the financial advisor to the Prime Minister, said that the rise in oil prices will push the government not to borrow to fill the budget deficit.
Saleh explained that the budget has set the price of a barrel of oil at forty-five dollars, but the expectations for the average price of a barrel during twelve months are sixty-five dollars or a little more, which are prices that would fill the deficit in the budget in whole or in part instead of going to borrowing to fill this deficit. .
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