Finance: next year's budget will be unconventional
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Economy News - Baghdad:
The Ministry of Finance, on Wednesday, that the budget law for next year, which has achieved advanced stages in its discussion, the ministry has not adopted a fixed price per barrel of oil so far, and the daily export of three million and 800 thousand barrels, the region's share of which 250 thousand barrels.
The Undersecretary of the Ministry Maher Hammad Johan said in a statement reported by the official newspaper "morning" and seen by "Economy News", that "the budget for next year 2020, will be unconventional, as it relied mainly on the provision of services and the needs of citizens across the country."
Johan added that the budget under consideration will last between four and five stages to reach its final destination.
He explained, "The law of fiscal budget for next year, has not yet adopted a fixed price for Iraqi oil exporter, but there are proposals submitted adopt a price ranging from 50 to 56 dollars per barrel, including oil allocated from the Kurdistan region of Iraq, 250 thousand barrels per day "He pointed out that" the financial budgets, each of which has a certain specificity, and therefore the House of Representatives may put any other wording that modifies the direction of the share of the Kurdistan region of oil produced there, or any other amendment in its law. "