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[size=36]An economist issues a warning: Iraq is close to the danger zone[/size]
Economie| 02:45 - 09/24/2022
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Baghdad - Mawazine News
, an economic expert, Nabil Al-Marsoumi, warned, on Saturday, that Iraq "has become close to the danger zone", due to the drop in oil prices to $86 a barrel.
Al-Marsoumi wrote in a post on his Facebook wall, "Iraq has been bitten from the same hole several times!! The drop in the price of oil to $86 per barrel means that Iraq is close to the danger zone."
He explained, "Iraq needs a price of $80 per barrel and exports of 3.3 million barrels per day in order to obtain oil revenues of up to 140 trillion dinars, which are sufficient with non-oil revenues to cover the requirements of public expenditures, which rose by 25 trillion dinars this year as a result of the legislation of the Food Security Law." Ended 29/N33
, an economic expert, Nabil Al-Marsoumi, warned, on Saturday, that Iraq "has become close to the danger zone", due to the drop in oil prices to $86 a barrel.
Al-Marsoumi wrote in a post on his Facebook wall, "Iraq has been bitten from the same hole several times!! The drop in the price of oil to $86 per barrel means that Iraq is close to the danger zone."
He explained, "Iraq needs a price of $80 per barrel and exports of 3.3 million barrels per day in order to obtain oil revenues of up to 140 trillion dinars, which are sufficient with non-oil revenues to cover the requirements of public expenditures, which rose by 25 trillion dinars this year as a result of the legislation of the Food Security Law." Ended 29/N33
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