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[size=41]Oil prices threaten Iraq’s budget for 2020 .. Will it leave for the next year?
2020-04-07
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Yassin Iraq: Baghdad
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, denied the posting of the general budget bill for the year 2020 to next year, but stressed that a decrease in oil prices will change its structure .
Saleh said in a press statement, "The news that talks about the transfer of the draft budget for the year 2020 to the next year is incorrect, because the budget is still present with the government and will not leave or disappear like the 2014 budget."
He added that "the price per barrel was estimated in the budget at 56 dollars, but after the decrease in oil prices, it will be restructured, given that its dependence on 90% of oil imports."
Saleh said, "The general budget will secure the salaries of state employees and the importance of projects. Either other matters will go into the 2021 budget."
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