Former oil minister: The deficit in the 2020 budget exceeds what happened since the establishment of the Iraqi state
[You must be registered and logged in to see this link.]
Chalabi said in a statement: " Iraqi [You must be registered and logged in to see this link.] for the American markets is within the limits of 15% of Iraqi exports, i.e. around 450,000 barrels per day, and it is assumed that it will decrease next month, perhaps to about 350,000 b / d.
" Chalabi added: "The expected Iraqi oil revenues will be affected by the current reality of the markets." Prices and as a result of commitment to the OPEC decision, it will be catastrophic for [You must be registered and logged in to see this link.] in a way that many would not expect, and therefore the deficit in Iraq’s budget for 2020 will exceed what happened since the establishment of the Iraqi state.
He continued: "What is painful and surprising is the failure of the Iraqi authorities to take any austerity or organizational measures, and the continued extravagance and recklessness in paying salaries to those who are not entitled to them, and receiving high-ranking officials with high amounts and allocations, and receiving more than one salary and so on."