Economist: The budget deficit exceeded, subject to raising the price of a barrel of oil to $ 58
09:00 - 17/02/2020
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The economist, Wissam Al-Tamimi, confirmed on Monday that eliminating the budget deficit is subject to raising the price of a barrel of oil to $ 58, indicating that this amount, with the rotation of the governorates ’budgets, will contribute to eliminating the financial deficit significantly.
“Many projects can reduce the budget deficit, which may exceed 50 trillion dinars, after the launch of thousands of appointments by the Abdul-Mahdi government resigned, where the operational budget will suffer from a deficit of 10 trillion dinars,” Al-Tamimi said in a statement to “The Information.”
He added that "the opening of the stalled factories and the conversion of agricultural lands into residential areas will bring the state a large financial return through the fees that it will receive, in addition to activating the visitor project in dollars in the holy shrines, he can contribute greatly to supplying the budget with large sums."
He explained that " [You must be registered and logged in to see this link.]
depends in preparing its budget on oil revenues, and therefore it is possible to increase the price of a barrel of oil to 58 dollars instead of 56, so that [You must be registered and logged in to see this link.]
gets more than 210 million dollars per month, while [You must be registered and logged in to see this link.]
sells more than 60 dollars a barrel, in addition to that there are Almost an agreement between the oil-exporting countries to stabilize the price of a barrel of oil during 2020 is between 60-70 dollars. 25 n ended