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Parliamentary Energy: Falling oil prices will cut the 2020 budget in half
18:25 - 11/04/2020
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The Parliamentary Oil and Energy Committee confirmed, on Saturday, that the 2020 budget will be reduced to more than half if oil prices remain low, stating that the budget will be reviewed by the next government.
A member of the Energy Committee, Bahaa Al-Nouri, told Al-Maalouma that "there are great and real concerns that will face the budget for 2020, which must be reconsidered."
He added that "the budget was prepared by the government of Abdul Mahdi at a price of 56 countries per barrel of oil, while [You must be registered and logged in to see this link.] currently sells [You must be registered and logged in to see this link.] oil at approximately $ 25 a barrel."
Al-Nouri explained that "if prices remain at the current rate, the next government will review the budget before sending it to the House of Representatives," noting that "the current prices of oil will reduce the 2020 budget to more than half." Ended 25 and
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