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Zebari: falling oil will push the region to restore its position on its share of the budget
January 28, 2016
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Our economy / Baghdad
Expect Finance Minister Hoshyar Zebari said Thursday that the collapse of the price of oil will push the region to re-stake his position on the budget, noting that Iraq is ready to discuss the agreement it seems elusive to cut oil production.
Zebari said in an interview with Reuters pursued our economy news agency that "the collapse of the price of oil will pay the Government of the region to re-examine its position to take its share of the budget."
Zebari said that "the government will seek to cut spending and increase domestic borrowing to cover the budget deficit," ruling out "the devaluation of the dinar."
Meanwhile, Zebari said "Iraq wants to participate in the meetings called by Venezuela to raise oil prices, which have tumbled to the lowest level in 12 years near $ 30 a barrel," stressing that "Iraq is a founding member of OPEC stressed and therefore we will participate certainly the idea is to cut production actually to influence the price of oil. "
Zebari pointed out that "the decision to cut production must be collectively otherwise you will not be feasible does not seem that there is a consensus with the exception of Venezuela and Algeria," pointing out that "not only Algeria and Venezuela have shown their support for production cuts while Saudi Arabia does not support the Member Organization and Russia, a producer of non-OPEC this procedure"
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Zebari: falling oil will push the region to restore its position on its share of the budget
January 28, 2016
[size=13][size=14][You must be registered and logged in to see this link.][/size]
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[You must be registered and logged in to see this link.]
Our economy / Baghdad
Expect Finance Minister Hoshyar Zebari said Thursday that the collapse of the price of oil will push the region to re-stake his position on the budget, noting that Iraq is ready to discuss the agreement it seems elusive to cut oil production.
Zebari said in an interview with Reuters pursued our economy news agency that "the collapse of the price of oil will pay the Government of the region to re-examine its position to take its share of the budget."
Zebari said that "the government will seek to cut spending and increase domestic borrowing to cover the budget deficit," ruling out "the devaluation of the dinar."
Meanwhile, Zebari said "Iraq wants to participate in the meetings called by Venezuela to raise oil prices, which have tumbled to the lowest level in 12 years near $ 30 a barrel," stressing that "Iraq is a founding member of OPEC stressed and therefore we will participate certainly the idea is to cut production actually to influence the price of oil. "
Zebari pointed out that "the decision to cut production must be collectively otherwise you will not be feasible does not seem that there is a consensus with the exception of Venezuela and Algeria," pointing out that "not only Algeria and Venezuela have shown their support for production cuts while Saudi Arabia does not support the Member Organization and Russia, a producer of non-OPEC this procedure"
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