The rise of oil prices will end the budget deficit Mawazine News
Since 2018-04-14 at 17:41 (Baghdad time)
Special - Mawazeen News The Committee on Oil and Energy parliamentary, Saturday, the government to achieve additional revenues in the budget because of high global oil prices, while pointed out that the continued rise in prices will end the deficit in the financial budget. A member of the Committee, Awad al-Awadi, told Mawazine News that " The government will achieve significant financial revenues as a result of the continued rise in world oil prices. "Al-Awadi said that" the budget estimated the price of oil at about $ 45 per barrel, while exceeded $ 70 dollars, which means that the surplus is very good. "He continued," Continued high oil prices will end The need for external loans and to meet the deficit To budget during the current year. "It is noteworthy that the House of Representatives, had approved the law of the budget deficit estimated at about 12 trillion dinars, provided that the government to provide the amount of external and internal loans.
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