Finance reveals the price and exports of oil in the budget of 2019

by **Rocky** Wed 19 Sep 2018, 1:55 am

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Post n°1

Finance reveals the price and exports of oil in the budget of 2019

by Rocky Wed 19 Sep 2018, 1:55 am

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Finance reveals the price and exports of oil in the budget of 2019

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[rtl]Date of release: 2018/9/19 8:19 • 557 times read[/rtl]

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The Ministry of Finance revealed that the federal budget for the next year 2019 approved the amount of {55 - 60} dollars per barrel of oil and an export rate of up to four million barrels per day, including the source from the Kurdistan region.
Undersecretary of Ministry Maher Hammad Guhan said in a press statement that "the federal budget is prepared for the next year 2019, not to be stereotyped, because the general situation of the country changed from the position it had for the past years and there is a great need to change or strengthen the various forms of funding, Public or other budgets or forms of financing by borrowing or entering partnerships or to find outlets for the private sector to work. "
He added that "the current oil prices help to bring about these changes, as the budget to be submitted to the Council of Ministers, the price of a barrel of oil source between {55 - 60} dollars, giving the state a broader scope to strengthen services and expenses.
He stressed "the continuation of the budget to pay the debts and the benefits of Iraq."

"We have proposed to the parliament the formation of a financial committee urgently to expedite the study and discussion of the budget of 2019, which we hope to approve before the end of this year," Prime Minister Haider al-Abbadi told the press conference.
He added that "the Council of Ministers studied yesterday" the draft budget law, "stressing" to set a specific price of oil in the budget to avoid any surprises in the world markets and to determine this price according to technical standards and we want to allocate the bulk of reconstruction and services and job creation. "

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by **Rocky** Wed 19 Sep 2018, 2:10 am

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Post n°2

Finance: The budget of 2019 approved the amount (55 - 60) dollars per barrel of oil

by Rocky Wed 19 Sep 2018, 2:10 am

Finance: The budget of 2019 approved the amount (55 - 60) dollars per barrel of oil

19/9/2018 12:00 am

[rtl] The
Ministry of Finance revealed that the federal budget for the next year 2019 approved the amount of (55 - 60) dollars per barrel of oil and an export rate of up to four million barrels per day, including the source of the Kurdistan region, stressing the continuation of the payment of debt and the benefits of Iraq.
Undersecretary of the Ministry Dr. Maher Hammad Jouhan said a special statement for the "morning": The federal budget was prepared for the next year 2019, but not be stereotyped multi-directional, as the general situation of the country changed from the position it was for the past years and there is a great need to change or The various forms of financing, both the general budget and other budgets, or the financing formulas, are supported by borrowing, entering into partnerships or finding outlets for the private sector.
He added that the current oil prices help to make these changes, as the budget to be submitted to the Council of Ministers, set the price of a barrel of oil exported between (55 - 60) dollars, giving the state a broader scope to strengthen services and social expenses such as salaries and expenses of education, health and medicine and expenses The ration card, subsidies and social protection networks do not have a deficit either by allocating or financing and supporting the activities of projects that benefit the activity in the market, which activates the private sector in order to occupy its real space by providing job opportunities and infrastructure suitable for services or enhancing productive activities.
He pointed out that the federal budget adopted the amount of Iraqi oil exported daily between (3.8 - 4) million barrels, including the quantities exported from the Kurdistan region, and expressed the hope that the volume of this export, because Iraq currently exports only 3.8 million barrels and sometimes Less because of the different circumstances, especially the status of Kirkuk, which did not issue the prescribed amount.
He said that despite this, the rise in global oil prices helped to find the treatment of financing the deficit in the budget of up to 12.5 trillion dinars, which rose to 19 trillion dinars after the approval of the House of Representatives, explaining that the difference in prices helped to bridge the deficit, To external or internal borrowing, has returned to positive.
And on the debts of Iraq and whether there is a clause in the federal budget indicates that, the Undersecretary of the Ministry of Finance, there is an item of debt in the budget of 2018 and 2019, and there are debts of various denominations for the budget, both internal and external, revealing that Iraq is currently paid within the table, 12 trillion dinars between The debts of the farmers have been paid for 2014, 2015, 2016 and 2017, denying the existence of any debt to farmers and contractors, and remained only 30 percent, the ministry seeks to pay them by the beginning of next year , And It placed the text of the budget ensures the provision of appropriate allocation of funding.[/rtl]

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by **Rocky** Wed 19 Sep 2018, 2:24 am

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Post n°3

The budget of 2019 depends on the amount of {55 - 60} dollars per barrel of oil

by Rocky Wed 19 Sep 2018, 2:24 am

The budget of 2019 depends on the amount of {55 - 60} dollars per barrel of oil

19/9/2018 12:00 am

[rtl] At the rate of export of 4 million barrels per day
Baghdad / Tariq Araji
revealed the Ministry of Finance that the federal budget for next year 2019 approved $ (55-60) dollars a barrel and the rate of export up to four million barrels per day , inclusive of the source of the Kurdistan region, saying it continues to pay the debt and benefits arising Iraq.
Undersecretary of the Ministry Dr. Maher Hammad Juhan said in a special statement for "morning": that the federal budget has been prepared for the next year 2019, not to be stereotyped, as the general situation of the country changed from the position it was for the past years and there is a great need to be changed or enhanced forms of funding Whether the general budget or other budgets or forms of financing by borrowing or entering partnerships or to find outlets for the private sector work.
He added that the current oil prices help to make these changes, as the budget to be submitted to the Council of Ministers, set the price of a barrel of oil exported between (55 - 60) dollars, giving the state a broader scope to strengthen services and expenses.[/rtl]

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by **Rocky** Wed 19 Sep 2018, 2:38 am

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Post n°4

Finance: The budget of 2019 was adopted $ 55 - $ 60 per barrel of oil

by Rocky Wed 19 Sep 2018, 2:38 am

Finance: The budget of 2019 was adopted $ 55 - $ 60 per barrel of oil

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The Ministry of Finance, Wednesday, that the federal budget for the next year 2019 adopted the amount (55 - 60) dollars per barrel of oil and an export rate of up to four million barrels per day, including the source from the Kurdistan region.

Undersecretary of the Ministry Maher Hammad Juhan said in a statement quoted by the official newspaper "Sabah" and read by "Economy News", that "the federal budget was prepared for the next year 2019, but not be stereotyped multi-directional, as the general position of the country changed from the position it had for years The past and there is a great need to be changed or enhanced forms of funding different both the general budget or other budgets or forms of financing by borrowing or entering partnerships or finding outlets for the private sector to work.

"The current oil prices are helping to make these changes. The estimated budget to be submitted to the cabinet has set the price of a barrel of oil exported between $ 55 and $ 60, giving the state a wider scope to enhance social services and expenses such as salaries and education expenses," he said. Health, medicines, ration card expenses, subsidies and social protection networks, and there is no deficit either in allocating or financing and supporting the activities of projects that benefit the activity in the market, which activates the private sector to occupy its real space by providing jobs and infrastructure suitable for services or activities. Crown ".

"The federal budget adopted the amount of Iraqi oil exported daily between (3.8 - 4) million barrels, including the quantities exported from the Kurdistan region," and expressed the hope that "this export volume is achieved, because Iraq currently exports only 3.8 Million barrels and sometimes less because of different circumstances, especially the status of Kirkuk, which did not issue the amount of the prescribed. "

"However, the rise in global oil prices helped to find the treatment of financing the deficit in the budget of up to 12.5 trillion dinars, which rose to 19 trillion dinars after the approval of the House of Representatives," explaining that "the difference in prices helped to bridge the deficit, as Iraq has not resorted to external or internal borrowing, it has been positive. "

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by **Rocky** Wed 19 Sep 2018, 2:56 am

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Post n°5

Finance: The budget of 2019 depends on the amount of 55 - 60 dollars per barrel of oil

by Rocky Wed 19 Sep 2018, 2:56 am

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Finance: The budget of 2019 depends on the amount of 55 - 60 dollars per barrel of oil

The Ministry of Finance, on Wednesday, that the federal budget for the next year 2019 adopted the amount of 55 - 60 dollars per barrel of oil and an export rate of up to four million barrels per day, confirming the continuation of the payment of debt and the benefits of Iraq.

Undersecretary of the Ministry Dr. Maher Hammad Juhan said that "the federal budget has been prepared for the next year 2019, not to be stereotyped, as the general situation of the country changed from the position it was for the past years and there is a great need to be changed or enhanced forms of funding, both the budget or budgets Other forms of financing by borrowing or entering into partnerships or to find outlets for the private sector to work, "according to morning.

He added that "current oil prices help to make these changes, as the budget to be submitted to the Council of Ministers, the price of a barrel of oil exported between (55 - 60) dollars, giving the state a broader scope to strengthen services and expenses.

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