Economist: The budget deficit exceeded, subject to raising the price of a barrel of oil to $ 58

by **Rocky** Mon 17 Feb 2020, 1:32 am

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Economist: The budget deficit exceeded, subject to raising the price of a barrel of oil to $ 58

by Rocky Mon 17 Feb 2020, 1:32 am

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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Information / private ..

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

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by **Rocky** Mon 17 Feb 2020, 1:51 am

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Post n°2

Iraq will bear part of it .. Expectations of a decrease in oil prices between 53 - 54 dollars per ba

by Rocky Mon 17 Feb 2020, 1:51 am

[size=36]Iraq will bear part of it .. Expectations of a decrease in oil prices between 53 - 54 dollars per barrel[/size]

Economy | 08:21 - 17/02/2020

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Baghdad - Mawazine News
, former Oil Minister Ibrahim Bahr Al-Ulum predicted that global oil prices will range between 53 and 54 dollars a barrel, and that OPEC countries take a decision to reduce the quantities offered by them during their meeting next month, and that Iraq has a share in this reduction, urging the next government To implement the fifth licensing round and develop the Kirkuk and Nasiriyah fields to advance their production.
Bahr al-Uloom said, "The prices of oil in the world market are declining for two reasons. The first is the economic growth of China as a result of the Corona virus, which is a temporary situation that will be surpassed soon, and the second is the increase in oil production for the United States." Again more than it is, and Iraq will bear part of it. "
He added that "the world oil prices will range between 53 and 54 dollars a barrel, hoping that it will not decline for more than that, because the matter depends on the (geopolitical) conditions of the country and the region, especially for Iraq, whose exports go mostly to the Asian markets, especially China, and thus any impact will affect the exports. And markets in general. "End / 29 / p

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Economist: The budget deficit exceeded, subject to raising the price of a barrel of oil to $ 58

Economist: The budget deficit exceeded, subject to raising the price of a barrel of oil to $ 58

Iraq will bear part of it .. Expectations of a decrease in oil prices between 53 - 54 dollars per ba

[size=36]Iraq will bear part of it .. Expectations of a decrease in oil prices between 53 - 54 dollars per barrel[/size]

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