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ADVISER TO THE PRIME MINISTER PRESENTS A PROPOSAL TO CONFRONT FLUCTUATIONS IN OIL PRICES
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ADVISER TO THE PRIME MINISTER PRESENTS A PROPOSAL TO CONFRONT FLUCTUATIONS IN OIL PRICES
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[You must be registered and logged in to see this link.]2 minutes ago3Today, Monday, Adviser to the Prime Minister, Mazhar Muhammad Salih, presented a proposal to confront price fluctuations.
Saleh said, to the official agency and followed by the news agency, that "the hypothesis of a rise in oil prices to annual rates of approximately 125 dollars per barrel and over several years, requires opening the budget to employment-generating and income-generating projects, whether from the state's investment budget or supporting the investment and productive activities of the private sector. soft loans from budget revenues.
He stressed, "the importance of hedging the risks of price fluctuations through a fund or account concerned with budget stability and is fed annually with a percentage of the surplus oil revenues, to face the risk of low oil prices in unexpected future conditions on the activity of public finances and within the cycle of oil assets."
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Saleh said, to the official agency and followed by the news agency, that "the hypothesis of a rise in oil prices to annual rates of approximately 125 dollars per barrel and over several years, requires opening the budget to employment-generating and income-generating projects, whether from the state's investment budget or supporting the investment and productive activities of the private sector. soft loans from budget revenues.
He stressed, "the importance of hedging the risks of price fluctuations through a fund or account concerned with budget stability and is fed annually with a percentage of the surplus oil revenues, to face the risk of low oil prices in unexpected future conditions on the activity of public finances and within the cycle of oil assets."
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