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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Economist: low oil prices threaten the financial stability of the country budget 2020

    Rocky
    Rocky
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    Economist: low oil prices threaten the financial stability of the country budget 2020 Empty Economist: low oil prices threaten the financial stability of the country budget 2020

    Post by Rocky Wed 11 Sep 2019, 1:49 pm


    Economist: low oil prices threaten the financial stability of the country budget 2020

    15:40 - 11/09/2019





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    Information / Special…
    Economic expert Latif Okaili, Wednesday, that the decline in global oil prices to $ 50 will expose the country to significant financial risks within the re-draft federal budget law for 2020.
    Al-Okaili said in a statement to the information, that the adoption of the sale price of oil barrel 56 dollars within the 2020 budget will expose the country to significant financial and economic risks, pointing out that the United States pumped large quantities of oil in global markets to reduce oil prices below $ 50 ”.
    He added that "low oil prices will push the Iraqi government to borrow abroad to fill the expected deficit," noting that "the government did not invest aspects of tourism, investment, border ports, industry and agriculture to obtain funds."
    The parliamentary finance committee revealed last week a government insistence on the adoption of the sale price of oil at $ 56 as part of the draft federal budget law for 2020.

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